by Big Wave Trader | Dec 15, 2009
Inflation data along with news Wells Fargo paying back its share of the TARP set the tone early on. Producer prices rose higher than expected sending a bit of fear into traders as early morning trade reflected a fear trade. Bucking the trend was Wells Fargo, but it...
by Big Wave Trader | Dec 14, 2009
Pre-market futures got a lift when Abu Dhabi announced its $10billion bailout for Dubai World. The bailout set the tone for much of the morning’s session as stocks were able to find bids as well as volume. It was important for the market to find volume and not...
by Big Wave Trader | Dec 9, 2009
Although the late day push into the close was a nice touch added at the end of the day the lack of volume highlights the lack of conviction. Precious metals and the dollar were once again near the top of the headlines, but the continued decline in oil prices keeps...
by Big Wave Trader | Dec 8, 2009
The market has piled another day of distribution. Precious metals, oil, and the dollar mixed it up causing the market to come under selling pressure. Crude Oil slid further as the dollar rose sending oil services and drillers to the downside. More concerning is the...
by Big Wave Trader | Dec 7, 2009
Gold and silver continued their downward move flushing out weak hands as the dollar continued its counter-trend rally. Outside the dollar and precious metals, stocks simply enjoyed a low volume pull back with the action resembling paint drying on the wall. It was a...
