by Big Wave Trader | Mar 11, 2010
A last hour surge puts stocks in the green as volume slips lower. Jobless claims came in lower than expectations, but failed to inspire the bulls. Trading was tame throughout much of the day as volume was well below Wednesday’s level. There wasn’t much excitement...
by Big Wave Trader | Mar 10, 2010
The Dow Jones Industrial average lags as the NASDAQ and Russell 2000 continue their dominance. Lagging the NASDAQ and Russell 2000, the Dow Jones Industrial average continues to be a weak spot in the market. Today was no exception, but volume on the NYSE jumped. ...
by Big Wave Trader | Mar 9, 2010
Stocks tried to pull back but institutions were hungry for stocks pushing indexes higher on higher volume. Volume surged on the day as institutions were certainly accumulating shares. The morning session saw stocks initial pull back, but it wouldn’t last for very...
by Big Wave Trader | Mar 8, 2010
Just another day in this uptrend where price action remains strong. The last hour of trading would leaves a bit to be desired, but overall the action remains very positive. This market continues to defy the odds as “overbought” indicators are signalling...
by Big Wave Trader | Mar 4, 2010 |
Volume ran lower on the day as pending home sales dropped much more than expected, but prices were able to hold. The session began once again with the market opening higher. Waiting on the pending home sales data traders appeared to chear the lower jobless claims...