by Big Wave Trader | Dec 9, 2009
Although the late day push into the close was a nice touch added at the end of the day the lack of volume highlights the lack of conviction. Precious metals and the dollar were once again near the top of the headlines, but the continued decline in oil prices keeps...
by Big Wave Trader | Dec 8, 2009
The market has piled another day of distribution. Precious metals, oil, and the dollar mixed it up causing the market to come under selling pressure. Crude Oil slid further as the dollar rose sending oil services and drillers to the downside. More concerning is the...
by Big Wave Trader | Dec 7, 2009
Gold and silver continued their downward move flushing out weak hands as the dollar continued its counter-trend rally. Outside the dollar and precious metals, stocks simply enjoyed a low volume pull back with the action resembling paint drying on the wall. It was a...
by Big Wave Trader | Dec 3, 2009
A late day reversal in front of the November jobs report has Wall Street on their toes heading into Friday’s jobs number. Early going, the market got a shot from the ISM which saw its non-manufacturing sector contract showing a reading of 48.7. The contraction...
by Big Wave Trader | Dec 2, 2009
The market got spooked as the S&P 500 hit new highs, but this time we did not see a high volume turnaround. Since August when the market hits new highs we have been witness to high volume reversals. It wasn’t in the cards to day as volume was lower across...
by Big Wave Trader | Dec 2, 2009
I love to hear all the bad talk about this market when my longs are KILLLLLING it. Thanks talking heads! You are ensuring the rally continues. How about that Dubai situation? HA!
