by Big Wave Trader | Jul 30, 2010
Volume Eases, but Stocks Come Well off Lows The end of the month trading is usually described as window dressing and today could be viewed as such. GDP readings of 2.4% kicked off early selling as futures indicated a big drop at the open. By the opening bell the Dow...
by Big Wave Trader | Jul 30, 2010
US GDP reading at 2.4% comes in lower than 2.6% expectations Market pundits have been squawking about a slowing economy, but many have disagreed by how much. Goldman Sachs last week set their expectations to 2% while Briefing.com pinned the figure at 3%. Lower...
by Big Wave Trader | Jul 29, 2010
I apologize for the problem that we all experienced today when the site failed to load. This is part of the message I received during the day: “Good news, just got the owner of my host on his personal cell phone. The problem is 2 transformers on roof of...
by Big Wave Trader | Jul 27, 2010
Volume exploded at the open as traders pushed the market to its highs. NYSE volume was running higher about 70% over Monday’s levels while the NASDAQ saw an increase of 20%. Consumer sentiment came in slightly lower than expected at 50.4 (expected reading...
by Big Wave Trader | Jul 26, 2010
The market took the new home sales data and ran higher with the readings. New Home sales jumped from last months dismal numbers as inventories remain at record lows. Volume ran into tough comparisons from Friday after the Europeans released their stress test. At...
