by Big Wave Trader | Jul 15, 2009
Coming off a light holiday session Thursday stocks were hit by sellers early on and often. ISM non-manufacturing survey showed a better than expected number, but the index showed the service sector shrinking. Sellers took full advantage and continued to hammer stocks...
by Big Wave Trader | Jul 15, 2009
It was clear from the start, Small Caps were leading the way at the beginning of the third quarter. Mixed employment figures from the morning held back stocks until ISM released its manufacturing report showing an increase over what was expected. Small caps and the...
by Big Wave Trader | Jul 15, 2009
The second quarter ended in bleak fashion as institutional investors were busy selling holdings. A drop in consumer confidence didn’t help stocks as higher oil prices and economic uncertainity were major factors for the drop. There wasn’t many places to...
by Big Wave Trader | Jul 15, 2009
Small caps suffer the Russell Rebalance hangover while the S&P 500, Dow Jones Industrial, and NASDAQ enjoy gains on lower volume. Volume fell sharply from Friday’s inflated levels and was even lower than Thursday’s level. Monday’s action did...
by Big Wave Trader | Jul 15, 2009
After Monday’s session it appeared the market was D.O.A. However, even though I cut losses in all stocks not showing me gains or cut back in stocks with gains that I had not taken any profits on, it doesn’t mean that I just go “dark.” Jesus...
