by Big Wave Trader | Sep 16, 2019
Over the weekend a group of drones attacked an oil processing plant and the nearby oil field in Saudi Arabia. It is unclear who was responsible for the attack. When Oil Futures opened Sunday evening prices jumped nearly 20%. Crude Oil futures are nearly up 9% since...
by Big Wave Trader | Mar 25, 2015
Volume was higher on the NYSE giving the S&P 500 a day of distribution, but it was below average. Selling hit the market just after noon eastern and continued throughout the afternoon until the close. NASDAQ experienced higher volume than yesterday giving it a...
by Big Wave Trader | Jan 21, 2015
Today was a light trading day on Wall Street as many await the ECB’s announcement of its own Bond buying program. Once again small cap stocks lagged behind the general market closing lower by more than 30 basis points. Volume was lighter on the session and it does...
by Big Wave Trader | Jan 22, 2014 |
Economic data continues to be on the lighter side of things as the only release was MBA’s weekly release of mortgage applications. They rose 4.7% week-over-week after rising last week by 11.9%. Market participants were busy mulling over IBM’s earnings release and it...
by Big Wave Trader | Jul 17, 2013
Poor housing data kicked off the morning with Mortgage Applications falling along side Housing Starts and Building Permits. However, the data wouldn’t keep stocks from ending positive as Bernanke’s testimony and continued to press the Fed would remain accommodative as...
