by Big Wave Trader | May 9, 2012
John Chambers the CEO tells it like it is and unfortunately for those long CSCO paid the price today as the stock was down more than 8%. Once again, for the second day in a row stocks found themselves support at the day’s low. The S&P 500 briefly breached...
by Big Wave Trader | May 8, 2012
I would venture a guess today showed a bit of capitulation selling at the lows of the session. Volume was running much higher than Monday’s pathetic volume level as the market once again turned to Europe as its excuse for selling off. Buyers began to step in after 1pm...
by Big Wave Trader | May 7, 2012
Sunday night futures took a big hit as French and Greek elections spook the market. Futures were able to climb back and wipe out majority of the losses from Sunday night prior to the open. As the market was able to gain itself footing, but lacked any oomph. Volume was...
by Big Wave Trader | May 6, 2012
“I learned that an opinion isn’t worth that much. It is more important to listen to the market.” -Brian Gelber “Most traders who fail have large egos and can’t admit that they are wrong. Even those who are willing to admit that they are wrong early...
by Big Wave Trader | May 3, 2012
A better than expected jobless-claims figure was overshadowed by an overwhelmingly disappointing ISM non-manufacturing reading. Sellers dominated the day pushing stocks lower all day as volume rose on the day. The NASDAQ now with two days of distribution and the...
