by Big Wave Trader | May 31, 2011
Over the weekend IMF and other world leaders came together to help fund another Greek bailout giving a boost to the futures. However, the news of a possible Greek bailout quickly fizzled after the market digested less than stellar (terrible) economic data....
by Big Wave Trader | May 25, 2011
Starting the day off with economic news did not sit well with the market. Durable goods suffered a wider than expected drop perhaps signaling further weakness in manufacturing seen from earlier reports. Volume started the day off much heavier than Tuesday’s action,...
by Big Wave Trader | May 24, 2011
New home sales jumped more than expected but it was the data out of the Richmond Federal Reserve Bank that shook up the market. The manufacturing index flashed a negative reading well below the expected reading showing manufacturing is slowing significantly. Traders...
by Big Wave Trader | May 23, 2011
The Euro Zone continues to be plagued by debt woes as many Euro nations cannot come to grips with reality. Therefore, fear of a pending collapse, traders rushed to sell stock. The market did appear to find some footing after 12 pm EST hit rallying to its highs just...
by Big Wave Trader | May 19, 2011
The market digested a few economic reports, two being very disappointing yet the market was able to hold up. Leading indicators dropped to -.3% the first negative reading since last June and worse yet Wall Street expected a positive reading of .1%. To piggyback on top...
