by Big Wave Trader | Aug 25, 2009
A positive Case-Shiller Housing report and a boost in consumer confidence lifted stocks in early trading. Volume swelled as buyers stepped up and accumulated shares, but it wasn’t long before buyers simply stepped aside. Sellers took over, but as they took...
by Big Wave Trader | Aug 24, 2009
Sellers were able to gain the upper had as stocks rallied was quickly sold off on Monday. Neverousness in front of Tuesday’s onslaught of economic reports had bulls taking a back seat. Tuesday’s economic reports feature numbers from Case-Shiller,...
by Big Wave Trader | Aug 23, 2009
Stock indexes put in one impressive session on stronger volume. However, as everyone already knows that volume was skewed higher by options expiration. The good news is that unlike in some months where I have seen some ridiculous price/volume action, I did not see as...
by Big Wave Trader | Aug 20, 2009
Just no quit in this market, stocks rose for the third straight day as positive news from the Philadelphia Fed Factor Index rose unexpectedly. In other economic news jobless claims rose as well giving some concern a recovery jobs has yet to materlize. The 3+ million...
by Big Wave Trader | Aug 19, 2009
The morning gap lower open was quickly met by buyers as stocks were lifted off of their lows. Volume throughout the morning was running higher than Tuesday, more noticeably on the NASDAQ than NYSE. However, the buy action slowed as volume tapered off on both...
by Big Wave Trader | Aug 18, 2009
Lacking any inspiration stocks moved higher on very light trade suggesting buying interest is simply too weak. Recovering from a steap price decline where many leaders were shaken hard it really shouldn’t have come as a surprise that a lift in stock prices came...
