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 | Jan 23, 2013
Attention on the day was aimed at earning’s releases at the close of the day. Stocks were dealt a blow with the IMF cutting its global forecast to 3.5% from 3.6%. While not a big blow to a forecast, but the IMF pointed to Europe and its inability to grow as a primary...
by Big Wave Trader | May 24, 2012
Economic news was mixed with a disappointing durable goods figure and a better than expected Kansas City Fed Manufacturing reading. The dollar rose again as the European situation continues to act as an annoyance to the market. Europeans cannot get their act together...
by Big Wave Trader | Jul 21, 2011
Financial stocks lead the market higher despite the pitiful performance from many leading stocks. Jobless claims jumped week over week, but it was better than expected readings from Leading Indicators and the Philly Fed helping out the market during the early going....
