by Big Wave Trader | Feb 3, 2010
Day three of the current attempt at a rally was a quiet day for stocks. Volume pulled back nicely as well as stocks. The market appeared to get support near the lows of the day and finished above the mid-point of the day, a bullish sign. During attempted rallies...
by Big Wave Trader | Feb 2, 2010
Stocks rose for the second straight day as volume rose above average. As the major market averages live below their 50dma the coming few days will be a very big tell on the direction of this market. Today was a move in the right direction for the bulls in this...
by Big Wave Trader | Feb 1, 2010
Extreme oversold conditions setup Monday’s rebound. Institutions failed to step up and support the market as volume was well off from Friday’s levels. A stronger than expected ISM number set the tone for the market early on. Volume really began to fall off as the...
