by Big Wave Trader | Dec 14, 2010
The market gets a late day save as the NASDAQ escapes back to back distribution days as the Federal Reserve rate announcement induces volatility. In the early going the market did stumble, but buyers stepped up and supported stocks prior to the Federal Reserve rate...
by Big Wave Trader | Dec 13, 2010
Last hour selling puts the brakes on the current uptrend as volume ends mixed. The Federal Open Market Committee began its meetings today as they mull over rate decisions as well as its current quantitative easing strategy. Volume ended mixed, but was below...
by Big Wave Trader | Dec 9, 2010
A better than expect jobless claims figure helped boost stocks at the open. Claims fell to 421,000 and continuing claims fell to 4,086,000. Futures picked up some steam heading into the open providing a decent size gap. Volume exploded out of the gate, AIG helped...
by Big Wave Trader | Dec 8, 2010
Stocks shake off early morning selling to close just off the highs of the session. After yesterday’s negative reversal on high volume stocks recovered today even as sellers took to the market during the early part of the morning. Volume fell across the board, but...
by Big Wave Trader | Dec 7, 2010
Current market rally stalls on volume A brokered deal in Washington on tax cuts and the unemployment extension helped boost futures in the morning. Stocks jumped at the open only to face selling pushing stocks to lows by mid day. Volume on the NYSE was lifted by...
