by Big Wave Trader | Nov 5, 2009
The market has been able to bounce from its most recent bout of selling pressure. Selling pressure was intense and widespread as breadth levels got severe. So far we have seen very little in the way of accumultion despite today’s price advance volume simply...
by Big Wave Trader | Nov 4, 2009
Let’s cut to the chase, the market, was much to do about nothing today. Price action was not ideal, but it wasn’t outright terrible. Volume ended mixed. At this point, given the price action last week and the inability for the market to gain much...
by Big Wave Trader | Nov 3, 2009
The market was able to enjoy a day of positive gains with a bit of positive economic news. Factory orders rose .9% when the street was looking for was .8%. However, Warren Buffett stole the show with Berkshire Hathway’s purchase of Burlington Northern Sante Fe...
by Big Wave Trader | Nov 2, 2009
Wall Street returned Monday opening in the green after a terrible week of heavy volume selling. Buyers stepped up after a positive reading from the ISM Manufacturing rose more than expected. Again, stocks rose again only to meet sellers sending stocks lower. By the...
by Big Wave Trader | Nov 2, 2009
I will be back on Maui tomorrow after one of the best weekends I have had in a VERY long time. I will resume normal posting after almost two months of partial-posting. With a pullback in the market that is throwing up a lot of sell signals and is giving me the “take...
by Big Wave Trader | Oct 30, 2009 |
Gross Domestic Product surprised to the upside on Thursday bringing into question those who are doubting the current recovery. On Wednesday, Goldman Sachs lowered their GDP forecast from 3.0% to 2.7% giving traders a fright. Volume was on the lower side of things...
