by Big Wave Trader | Nov 17, 2009
Although volume was lower across the board today price action was quite nice. Normally, we’d like to see the market pullback on lighter volume. Today, it appeared we were going to get stocks to do just that. However, by the end of the day the market had moved...
by Big Wave Trader | Nov 16, 2009
Monday was an excellent day for the market even with Meredith Whitney coming on CNBC claiming the stock market is overvalued. Traders immediately sold bank sotck as Whitney had so nicely “called” their collapse in 2008. Even with her so timely call of...
by Big Wave Trader | Nov 16, 2009
…in force. If the small cap indexes were leading we would have a TON of more opportunities to find beautiful charts. Until they start to show back up, the bigger capped high priced stocks are the way to go. Just remember that is how the 99-00 rally ended. All...
by Big Wave Trader | Nov 16, 2009
That is go up and that is great for us that are long. However, we were much more long before the recent distribution hit the market. That is fine, if the rally does have staying power, again, we will continue to find good charts to go long. I know it can be...
by Big Wave Trader | Nov 12, 2009
Just another day in stock market land where stocks staged an intraday reversal as the US Dollar rallies. Volume rose across the board, but only slightly higher than Wednesday and still well below average. On the NASDAQ Three Come Corp provided the day with volume...
by Big Wave Trader | Nov 11, 2009
Just another day in the magical land of stocks. The market once again gapped higher only to meet a wave of selling then finding support. Volume was lower across the board and even with the S&P 500 at new highs institutional players weren’t rushing into...
