by Big Wave Trader | Nov 10, 2009 |
We got a much needed day of consolidation as stocks digested the most recent gains. With the NASDAQ running more than 100 points recently it was time for the index to take a breathier. Volume ran 13% lower on the NYSE while NASDAQ volume ran slightly higher at .39%,...
by Big Wave Trader | Nov 9, 2009 |
Traders entered the day with members of the G20 stating they would continue to flood the economy with cash. Commodities, especially precious metals took charge leading out of the gate. Throughout the day buying picked up pushing stocks higher, but it was at the end...
by Big Wave Trader | Nov 5, 2009
The market has been able to bounce from its most recent bout of selling pressure. Selling pressure was intense and widespread as breadth levels got severe. So far we have seen very little in the way of accumultion despite today’s price advance volume simply...
by Big Wave Trader | Nov 4, 2009
Let’s cut to the chase, the market, was much to do about nothing today. Price action was not ideal, but it wasn’t outright terrible. Volume ended mixed. At this point, given the price action last week and the inability for the market to gain much...
by Big Wave Trader | Nov 3, 2009
The market was able to enjoy a day of positive gains with a bit of positive economic news. Factory orders rose .9% when the street was looking for was .8%. However, Warren Buffett stole the show with Berkshire Hathway’s purchase of Burlington Northern Sante Fe...
by Big Wave Trader | Nov 2, 2009
Wall Street returned Monday opening in the green after a terrible week of heavy volume selling. Buyers stepped up after a positive reading from the ISM Manufacturing rose more than expected. Again, stocks rose again only to meet sellers sending stocks lower. By the...
