by Big Wave Trader | Oct 22, 2009
Just when you thought it could turn ugly the market stages an intraday reversal and end near its highs. At this point not much surprises me in the market and today was no exception. We pulled back as many including myself had expected, but each time the market hit a...
by Big Wave Trader | Oct 21, 2009
Much like what we saw on September 23rd a heavy volume reversal spoiled the bulls plan of this market leaping to new highs. The day started out with a strong move higher hitting new highs with the volume on the NASDAQ higher on the day. NYSE volume trailed on the...
by Big Wave Trader | Oct 20, 2009
Housing starts and building permits fell unexpectedly sending jitters throughout the market. The major indexes at their lows were down more than one percent. Even positive news from Texas Instruments, Apple, Dupont, and Catepillar couldn’t help suck in...
by Big Wave Trader | Oct 19, 2009
Our uptrend continues with solid price gains and with leading quality stocks at the helm. Volume slide as institutions appeared to hold back in front of earnings. The S&P 500 tested 1100 a few times, but sellers were able to hold the index below the...
by Big Wave Trader | Oct 18, 2009
The past few days we have had a very large swell hit our south shores, right before our winters begin (north shore), and it has been a blast. I only wish the stock market could do the same thing for me. However, when the same trend remains since March, with nary a...
by Big Wave Trader | Oct 15, 2009
It did not come as a surprise to see stocks come in a bit after Wednesday’s move. Volume was much lower on the NASDAQ at the beginning of the day, but rose steadily as the day wore on. Over on the NYSE volume was hovering around flat to slightly higher for...
