by Big Wave Trader | Nov 18, 2009
For the 2nd straight close the S&P 500 has finished within 10 basis points a show of strength. That strength reared its head during the last 30 minutes of trading allowing the S&P 500 to escape a distribution day. The NASDAQ was not so lucky as it notched a...
by Big Wave Trader | Nov 17, 2009
Although volume was lower across the board today price action was quite nice. Normally, we’d like to see the market pullback on lighter volume. Today, it appeared we were going to get stocks to do just that. However, by the end of the day the market had moved...
by Big Wave Trader | Nov 16, 2009
Monday was an excellent day for the market even with Meredith Whitney coming on CNBC claiming the stock market is overvalued. Traders immediately sold bank sotck as Whitney had so nicely “called” their collapse in 2008. Even with her so timely call of...
by Big Wave Trader | Nov 16, 2009
…in force. If the small cap indexes were leading we would have a TON of more opportunities to find beautiful charts. Until they start to show back up, the bigger capped high priced stocks are the way to go. Just remember that is how the 99-00 rally ended. All...
by Big Wave Trader | Nov 16, 2009
That is go up and that is great for us that are long. However, we were much more long before the recent distribution hit the market. That is fine, if the rally does have staying power, again, we will continue to find good charts to go long. I know it can be...
