by Big Wave Trader | Feb 7, 2010
[21:51:23] paulcarrz: tomorrow should be tomorrow LOL – see which way the tide is going in the mkt [21:51:24] JoshuaHayes: no i bet it is too [21:51:32] JoshuaHayes: right great setup for tomorrow [21:51:34] JoshuaHayes: we are flat [21:51:36] JoshuaHayes: up or...
by Big Wave Trader | Feb 4, 2010
Sellers stormed the market as jobless claims rose and sovereign debt fears ravaged the market. In addition, New York Attorney General Cuomo announced charges against a large bank sent fears throughout the financial sector. Volume soared and the “fear index” VIX...
by Big Wave Trader | Feb 3, 2010
Day three of the current attempt at a rally was a quiet day for stocks. Volume pulled back nicely as well as stocks. The market appeared to get support near the lows of the day and finished above the mid-point of the day, a bullish sign. During attempted rallies...
by Big Wave Trader | Feb 2, 2010
Stocks rose for the second straight day as volume rose above average. As the major market averages live below their 50dma the coming few days will be a very big tell on the direction of this market. Today was a move in the right direction for the bulls in this...
by Big Wave Trader | Feb 1, 2010
Extreme oversold conditions setup Monday’s rebound. Institutions failed to step up and support the market as volume was well off from Friday’s levels. A stronger than expected ISM number set the tone for the market early on. Volume really began to fall off as the...
by Big Wave Trader | Jan 28, 2010
The market received another jolt of selling as traders dumped stock. President Obama’s State of the Union address failed to inspire Wall Street to push stock prices higher. Even with the Federal Reserve holding steady with its game plan Wall Street simply wasn’t...
