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...
by Big Wave Trader | Oct 6, 2009
Without any major economic news stocks opened the day gapping higher setting a positive tone for the day. The US dollar ran into trouble sending precious metals higher on the day. Gold and silver had been consolidating its move higher in August and quite nicely. ...
by Big Wave Trader | Oct 5, 2009
From the get-go traders pushed stocks higher aided by a positive ISM non-manufacturing report showing a wee bit of growth. Institutions sat mostly on the sidelines as volume was lower than Friday’s trade. However, some leading stocks enjoyed excellent price...
by Big Wave Trader | Oct 4, 2009
A quick note on this market. Our major market averages on Friday tested their respective 50dma and their major uptrend lines. Friday’s job report was another grim reminder our economy still faces a terrible challenges ahead. Volume slid throughout the day as...
