by Big Wave Trader | Dec 2, 2009
The market got spooked as the S&P 500 hit new highs, but this time we did not see a high volume turnaround. Since August when the market hits new highs we have been witness to high volume reversals. It wasn’t in the cards to day as volume was lower across...
by Big Wave Trader | Dec 2, 2009
I love to hear all the bad talk about this market when my longs are KILLLLLING it. Thanks talking heads! You are ensuring the rally continues. How about that Dubai situation? HA!
by Big Wave Trader | Nov 30, 2009
Friday’s shortened session provided fireworks, but Monday’s morning session showed traders were hung-over from the festivities. It appeared institutions were simply stepping aside during the morning as traders were dumping holdings from Friday’s move. Another low...
by Big Wave Trader | Nov 28, 2009
A lot of people sure are tripping-out over FRI’s session. However, I can’t stress enough that all major selloffs start after already having a series of lower highs and lower lows. If you do not believe me you can go check your own charts of every market...
by Big Wave Trader | Nov 24, 2009
Wall Street was able to withstand the onslaught of economic data to finish near the highs of the day. GDP revision to the downside was not a surprise as many expected the revision to come in at 2.8%, but the story was how 2.8% achieve. With consumer spending down...
by Big Wave Trader | Nov 23, 2009 |
Traders lifted stocks on Monday after the dollar reversed course as volume slid on the day. Over the weekend the vote to allow hearings on the proposed healthcare bill had sellers hitting the dollar giving a boost to stocks. First hour of trading stocks enjoyed a...
