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...
by Big Wave Trader | Aug 11, 2009
Back to back days sellers took full advantage of sleeping bulls and knocked down the market. Financials were the leading group on the downside with banks receiving the biggest blow. Outside of financials the selling appeared to be quite tame and orderly. With that...
by Big Wave Trader | Aug 10, 2009
SIDENOTE: THERE IS A TROPICAL STORM HITTING HAWAII (OAHU, MAUI, KAUAI, MOLOKAI, LANAI, BIG ISLAND) THAT WAS HURRICANE FELICIA AND IT IS ALWAYS POSSIBLE THAT THE RAIN OR WIND WILL KNOCK OUT POWER. IF BY SOME CHANCE POWER IS KNOCKED OUT YOU WILL NOT SEE THE NEW...
by Big Wave Trader | Aug 8, 2009
I focus a lot on the IBD indexes because these indexes consist of the highest quality stocks based on fundamental and technical data. Historically speaking, these stocks normally do MUCH better than the overall market when you are in an uptrend. This rally, since the...
