by Big Wave Trader | Dec 7, 2009
Gold and silver continued their downward move flushing out weak hands as the dollar continued its counter-trend rally. Outside the dollar and precious metals, stocks simply enjoyed a low volume pull back with the action resembling paint drying on the wall. It was a...
by Big Wave Trader | Dec 3, 2009
A late day reversal in front of the November jobs report has Wall Street on their toes heading into Friday’s jobs number. Early going, the market got a shot from the ISM which saw its non-manufacturing sector contract showing a reading of 48.7. The contraction...
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...
