by Big Wave Trader | Aug 9, 2010
Stocks continued where the market left off on Friday by moving higher, but left volume behind. With tomorrow’s Federal Reserve rate decision set to hit the market at 215pm EST institutions weren’t willing to throw their weight behind today’s move. ...
by Big Wave Trader | Aug 9, 2010
Friday’s volatile day highlights the struggle between bulls and bears. The job outlook has been grim for quite some time, but Friday’s report just highlighted the lack of movement on the jobs front. Buyers stepped up and supported the market, but late...
by Big Wave Trader | Aug 4, 2010
Boosted by earnings from Priceline.com the stock market rose once again but in mixed trade. The NASDAQ saw volume rise by one percent over yesterday’s level, but the NYSE failed to see volume rise with volume lower by three percent. Positive data from ADP and...
by Big Wave Trader | Aug 3, 2010
At the closing bell stocks lifted off near lows, but still finished in the red with the NASDAQ notching a day of distribution. After the morning lows the market was able to find buyers to push back up into yesterday’s close. However, sellers would have none of...
by Big Wave Trader | Aug 2, 2010
A term we have coined in our chat room is “melt-up Monday” and once again we had solid gains. Economic data set the stage for stocks to advance and the market gapped higher. Every time we sold off even in the slightest the market found support. Volume...
