by Big Wave Trader | Oct 26, 2009
Stocks enjoyed an early morning jolt only to see those gains evaporate in a hurry. Rumors swirled about a possible downgrade of one major bank sent traders to the exits and stocks never recovered. Volume zoomed higher on the NYSE but remaind tame on the NASDAQ. ...
by Big Wave Trader | Oct 25, 2009
The market is in an uptrend and longs are still working but there are some flaws showing up in the forms of distribution days, short scans increasing in size, and some failures by some past leaders. Make sure to take profits if you have not and be very careful with...
by Big Wave Trader | Oct 22, 2009
Just when you thought it could turn ugly the market stages an intraday reversal and end near its highs. At this point not much surprises me in the market and today was no exception. We pulled back as many including myself had expected, but each time the market hit a...
by Big Wave Trader | Oct 21, 2009
Much like what we saw on September 23rd a heavy volume reversal spoiled the bulls plan of this market leaping to new highs. The day started out with a strong move higher hitting new highs with the volume on the NASDAQ higher on the day. NYSE volume trailed on the...
by Big Wave Trader | Oct 20, 2009
Housing starts and building permits fell unexpectedly sending jitters throughout the market. The major indexes at their lows were down more than one percent. Even positive news from Texas Instruments, Apple, Dupont, and Catepillar couldn’t help suck in...
by Big Wave Trader | Oct 19, 2009
Our uptrend continues with solid price gains and with leading quality stocks at the helm. Volume slide as institutions appeared to hold back in front of earnings. The S&P 500 tested 1100 a few times, but sellers were able to hold the index below the...
