by Big Wave Trader | Jun 20, 2011
This is a big week as the FOMC Rate Decision will be released on Wednesday at 12:30pm EST. The lack of volume today is an indication big institutional funds are going to wait until the Federal Reserve Chairman Ben Bernanke speaks on Wednesday. Today would have been a...
by Big Wave Trader | Jun 15, 2011
Yesterday’s action turned out to be a one day wonder as the market gave back all of yesterday’s gains and then some. Crude oil was a big loser dropping more than four dollars, fueled by weak economic data and issues in Greece sellers were out in full force. The...
by Big Wave Trader | Jun 14, 2011
It was about time as stocks closed higher after heavy selling plagued the market last week. Today was not a surprise as the market was in extreme oversold conditions where an obvious bounce was near. Advanced retail sales helped boost buyers as sales did not drop as...
by Big Wave Trader | Jun 13, 2011 |
Volume dried up after Friday’s disastrous close, but the market was unable to hold its early morning gains. The market did not get a dose of economic data to sway the market in either direction. Pundits appeared to be more worried about what Greece’s potential,...
by Big Wave Trader | Jun 9, 2011
The market was able to stop the bleeding temporarily by closing higher, but volume lagged. Institutions weren’t out in the market in full force scooping shares as volume sagged significantly behind yesterday’s level. Beginning the day the market was able to shake off...
