by Big Wave Trader | Sep 2, 2009
Wednesday’s action lacked buying support as stocks were unable to find any sign of support as the major indexes finish in the red. ADP report showed a larger than expected drop in the number jobs sending a sour taste in trader’s mouths and kept buyers on...
by Big Wave Trader | Sep 1, 2009
Positive economic news from the ISM group helped boost stocks around 10am EDT. It appeared all was well with stocks with positive news coming from the manufacturing sector. However, institutional selling took hold and quickly reversed stocks from very nice gains...
by Big Wave Trader | Aug 31, 2009
While many on Wall Street were asleep the Chinese markets were selling off and selling off hard. The Shanghai shed more than 6% by the close; volume was lower but with such a nasty decline it continues to spell trouble for the index. Once again the ripple affects...
by Big Wave Trader | Aug 30, 2009
It has been a very busy weekend of surf and visiting friends so I am running behind on a lot of my activities that I normally have fully up before Monday. However, due to the great surf on our north shores after a summer of lame surf on our south shores again, I...
by Big Wave Trader | Aug 27, 2009
A positive GDP report didn’t stop sellers from hammering stocks from the opening bell. During the selling volume actually decreased showing the selling was weakening. In addition, the market was able to creap into an extreme oversold reading on the McClellan...
by Big Wave Trader | Aug 26, 2009
top longs up WED w/ full returns since 1st buy: ISLN 20% SCLN 104% BCRX 24% SOA 71% PXLW 78% MDAS 34% VOCL 50% AVNR 115% OPWV 28% OGXI 32% ISTA 171% AFFX 36% ATSG 138% ACTG 68% KONG 129% Once again we washed, rinsed, and repeated Monday’s and Tuesday’s...
