by Big Wave Trader | Aug 24, 2010
Another weak session with sellers dropping the hammer on stocks at the end of the trading session. Existing home sales accelerated the selling after its release at 10am EST. The report showed a drop of more than 27% month over month sales figures highlighting...
by Big Wave Trader | Aug 23, 2010
Melt-up Monday did not disappoint traders in morning trading as stocks pushed to highs around 10am. Unfortunately, weakness crept into the market as buyers seemingly went on strike for the remainder of the day. Summer time trading was in full effect as volume was...
by Big Wave Trader | Aug 19, 2010
Traders were focusing on economic reports and it kicked off with jobless claims. The market was dealt a blow with economists were expecting to see claims figures down 475,000, but claims rose to 500,000. Futures reacted negatively, but the market was waiting on the...
by Big Wave Trader | Aug 18, 2010
Early morning selling gave way to buyers pushing stocks to their highs just after one in the afternoon. Sound familiar, indeed yesterday’s stocks flashed highs just after one in the afternoon only to give way to sellers. Once again, the market pulled back from...
by Big Wave Trader | Aug 17, 2010
The market got an initial jolt from Potash who received an unsolicited bid for a takeover. In addition, weak housing data fueled speculation of a housing bottom as the numbers weren’t that bad. Volume didn’t get going until after 10 o’clock when...
