by Big Wave Trader | Nov 30, 2009
Friday’s shortened session provided fireworks, but Monday’s morning session showed traders were hung-over from the festivities. It appeared institutions were simply stepping aside during the morning as traders were dumping holdings from Friday’s move. Another low...
by Big Wave Trader | Nov 28, 2009
A lot of people sure are tripping-out over FRI’s session. However, I can’t stress enough that all major selloffs start after already having a series of lower highs and lower lows. If you do not believe me you can go check your own charts of every market...
by Big Wave Trader | Nov 24, 2009
Wall Street was able to withstand the onslaught of economic data to finish near the highs of the day. GDP revision to the downside was not a surprise as many expected the revision to come in at 2.8%, but the story was how 2.8% achieve. With consumer spending down...
by Big Wave Trader | Nov 23, 2009 |
Traders lifted stocks on Monday after the dollar reversed course as volume slid on the day. Over the weekend the vote to allow hearings on the proposed healthcare bill had sellers hitting the dollar giving a boost to stocks. First hour of trading stocks enjoyed a...
by Big Wave Trader | Nov 19, 2009
The day before options expiry traders took to selling as volume rose across the board. NYSE volume was still below average, but the NASDAQ finished near its 50dma. We continue to see stocks fixated on the US Dollar as every move creates a ripple effect in stocks. ...
by Big Wave Trader | Nov 18, 2009
For the 2nd straight close the S&P 500 has finished within 10 basis points a show of strength. That strength reared its head during the last 30 minutes of trading allowing the S&P 500 to escape a distribution day. The NASDAQ was not so lucky as it notched a...
