by Big Wave Trader | Mar 4, 2010 |
Volume ran lower on the day as pending home sales dropped much more than expected, but prices were able to hold. The session began once again with the market opening higher. Waiting on the pending home sales data traders appeared to chear the lower jobless claims...
by Big Wave Trader | Mar 3, 2010
Stocks run into resistance as volume dries up with many leaders pulling back in lighter trade. A positive ISM non-manufacturing report gave stocks an initial push in the morning. However, sellers were able to take control by mid-day as volume began to dry up. The...
by Big Wave Trader | Mar 3, 2010
Top longs: MHR +141% (8/21), RDWR +92% (8/12), CAMT +89% (12/22), SNS +69% (7/13), RURL +60% (7/21), AEZ +55% (12/1), PCYC +45% (1/27), VVTV +43% (8/26), WBMD +46% (6/18), MERC +33% (2/10), NTGR +33% (11/11), LCUT +32% (11/2), XRTX +32% (9/30) Don’t forget daily...
by Big Wave Trader | Mar 2, 2010
Sellers dampened the mood in the afternoon as stocks close just off their lows. Volume was higher on the NASDAQ and NYSE. The NASDAQ was able to close above its open level, but the late day selling leaves a bit of a sour taste on the day. All is not lost, we were...
by Big Wave Trader | Mar 1, 2010
The market opened up the week on a positive note, but on mixed volume. Stocks saw positive price action as small cap stocks led the way. NASDAQ volume was up while NYSE volume was down, but the action was on the NASDAQ. There were plenty of healthy stock gains as...
by Big Wave Trader | Feb 25, 2010
Stocks managed to stage an impressive rebound after the market took a dive as jobless claims rose dramatically. Stocks were sent lower during the morning session as volume swelled. Much of the selling action was done in panic fashion. Fear indicators also jumped as...
