by Big Wave Trader | May 25, 2010
Follow-Through Day according to IBD (Investors Business Daily): After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally. The next two sessions, Days 2 and 3, don’t need to show much...
by Big Wave Trader | May 24, 2010
The story ending the day Friday was the surge in price action at the close, especially with volume surging. On the flip side, today’s close was on lower volume than Friday, but the collapse in prices highlights the lack of bids supporting the market. During...
by Big Wave Trader | May 20, 2010 |
Thursday’s action was filled with failed rally attempts and heavy volume selling. Even as the Euro stabilized our markets began to shift its focus away from the Euro and onto other potential pitfalls for the market. Whatever the market was viewing as the...
by Big Wave Trader | May 19, 2010 |
The early morning rally did not last very long as sellers took the market by storm. Many stocks were breaking to new lows and volume was flying higher. However, by mid-day stocks were finding a footing as sellers appeared to have been exhausted. As the market moved...
by Big Wave Trader | May 18, 2010
Stocks continue to weaken as the market continues its slide as the Euro continues its free fall. Continued fears about the viability of the European Union has currency traders pushing the Euro lower. It appears the general consensus is the union will be unable to...
by Big Wave Trader | May 18, 2010
stock symbol – % return – date of purchase: currently holding 12 longs 6 shorts (after WED opening bell) MHR 296% 8/21/09 LCUT 138% 11/2/09 CAMT 86% 12/21/09 UPI 62% 4/26/10 RSOL 15% 5/12/10 SCCO 9% 5/11/10 (short position) NOV 5% 5/11/10 (short...
