by Big Wave Trader | Aug 19, 2009
The morning gap lower open was quickly met by buyers as stocks were lifted off of their lows. Volume throughout the morning was running higher than Tuesday, more noticeably on the NASDAQ than NYSE. However, the buy action slowed as volume tapered off on both...
by Big Wave Trader | Aug 18, 2009
Lacking any inspiration stocks moved higher on very light trade suggesting buying interest is simply too weak. Recovering from a steap price decline where many leaders were shaken hard it really shouldn’t have come as a surprise that a lift in stock prices came...
by Big Wave Trader | Aug 17, 2009
The wave effect was in high gear as a global sell-off in stocks began in Japan and finished in the United States. A disappointing GDP report, showing Japan is out of a recession sent traders to sell off stocks. At 4pm EDT the selling finally ceased leaving the...
by Big Wave Trader | Aug 17, 2009
I was extremely busy this weekend with errands that have to be done and due to this constant activity of “stuff” I am unable to deliver a very long commentary. However, I will say the smack down we are getting in the futures is the reason why I have been...
by Big Wave Trader | Aug 13, 2009
When all was said and done stocks ended higher on the day while volume slid off heading into the close. The NYSE had to deal with a computer glitch that was not properly handling trades causing volume to be “off” giving an inaccurate picture of how active...
by Big Wave Trader | Aug 12, 2009
The morning buying frenzy jolted stocks higher as shorts covered their positions heading into the FOMC rate decision. By 10amEDT the frenzy had slowed by quietly volume began to pick up on the day as institutions were slowly picking up shares. Institutional players...
