by Big Wave Trader | Oct 12, 2009
Columbus day kept heavy volume on the sidelines as stocks find late day footing. Institutions were on the sidelines as many await earnings season. For most of the day trading was quite a bore as volume remained painfully low until the early afternoon when prices...
by Big Wave Trader | Oct 12, 2009 |
This was a reply to a post on Seeking Alpha. This reply came after reading about 20 comments in-a-row that showcased what I saw to be nothing but speculation on the future (or as we say “predicting”) of the economy and stock market. This is not the best...
by Big Wave Trader | Oct 8, 2009
Once again stocks gapped higher at the open and finished higher on the day. The NASDAQ stalled out on the day as sellers stepped up their pressure on tech stocks. On the flip side the S&P 500 and NYSE composite indexes enjoyed nice gains with excellent...
by Big Wave Trader | Oct 7, 2009
Disregarding the final 30 minutes of trading the market appeared to be consolidating its most recent gains quite nicely. Buyers stepped up their buying activities into the close giving a bullish tint to the day. Volume was running low throughout the day, but with...
by Big Wave Trader | Oct 6, 2009
Without any major economic news stocks opened the day gapping higher setting a positive tone for the day. The US dollar ran into trouble sending precious metals higher on the day. Gold and silver had been consolidating its move higher in August and quite nicely. ...
by Big Wave Trader | Oct 5, 2009
From the get-go traders pushed stocks higher aided by a positive ISM non-manufacturing report showing a wee bit of growth. Institutions sat mostly on the sidelines as volume was lower than Friday’s trade. However, some leading stocks enjoyed excellent price...
