by Big Wave Trader | Aug 27, 2009
A positive GDP report didn’t stop sellers from hammering stocks from the opening bell. During the selling volume actually decreased showing the selling was weakening. In addition, the market was able to creap into an extreme oversold reading on the McClellan...
by Big Wave Trader | Aug 26, 2009
top longs up WED w/ full returns since 1st buy: ISLN 20% SCLN 104% BCRX 24% SOA 71% PXLW 78% MDAS 34% VOCL 50% AVNR 115% OPWV 28% OGXI 32% ISTA 171% AFFX 36% ATSG 138% ACTG 68% KONG 129% Once again we washed, rinsed, and repeated Monday’s and Tuesday’s...
by Big Wave Trader | Aug 25, 2009
A positive Case-Shiller Housing report and a boost in consumer confidence lifted stocks in early trading. Volume swelled as buyers stepped up and accumulated shares, but it wasn’t long before buyers simply stepped aside. Sellers took over, but as they took...
by Big Wave Trader | Aug 24, 2009
Sellers were able to gain the upper had as stocks rallied was quickly sold off on Monday. Neverousness in front of Tuesday’s onslaught of economic reports had bulls taking a back seat. Tuesday’s economic reports feature numbers from Case-Shiller,...
by Big Wave Trader | Aug 23, 2009
Stock indexes put in one impressive session on stronger volume. However, as everyone already knows that volume was skewed higher by options expiration. The good news is that unlike in some months where I have seen some ridiculous price/volume action, I did not see as...
by Big Wave Trader | Aug 20, 2009
Just no quit in this market, stocks rose for the third straight day as positive news from the Philadelphia Fed Factor Index rose unexpectedly. In other economic news jobless claims rose as well giving some concern a recovery jobs has yet to materlize. The 3+ million...
