by Big Wave Trader | Oct 14, 2009
Intel was able to exceed expectations and raise their Guidance on Tuesday giving a hint the chip sector may have some life left to it. However, it was JP Morgan’s blowout earnings that opened the flood gates for buyers to step in and it wasn’t just...
by Big Wave Trader | Oct 14, 2009
Just another day on Wall Street as stocks again were able to find support. Volume did increase over yesterday’s holiday supressed levels, but volume was below average. Early on sellers took ahold of the market sending prices lower on volume. It appeared as...
by Big Wave Trader | Oct 12, 2009
Columbus day kept heavy volume on the sidelines as stocks find late day footing. Institutions were on the sidelines as many await earnings season. For most of the day trading was quite a bore as volume remained painfully low until the early afternoon when prices...
by Big Wave Trader | Oct 12, 2009 |
This was a reply to a post on Seeking Alpha. This reply came after reading about 20 comments in-a-row that showcased what I saw to be nothing but speculation on the future (or as we say “predicting”) of the economy and stock market. This is not the best...
by Big Wave Trader | Oct 8, 2009
Once again stocks gapped higher at the open and finished higher on the day. The NASDAQ stalled out on the day as sellers stepped up their pressure on tech stocks. On the flip side the S&P 500 and NYSE composite indexes enjoyed nice gains with excellent...
by Big Wave Trader | Oct 7, 2009
Disregarding the final 30 minutes of trading the market appeared to be consolidating its most recent gains quite nicely. Buyers stepped up their buying activities into the close giving a bullish tint to the day. Volume was running low throughout the day, but with...
