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 20, 2015
Hopes over a new European Quantitative Easing program boosted US futures early. Bank earnings have been disappointing and MS followed the trend releasing earnings at 7am. The lone piece of economic data was the NAHB Housing Market Index and it disappointed by one...
by Big Wave Trader | Jan 20, 2015
Friday’s bounce was definitely not shocking but I admit it was disappointing how strong it was. It left me cutting some stocks that I would still like to be long now. The biggest disappointment came in KITE which is a complete botch job as far as I am concerned...
by Big Wave Trader | Jan 16, 2015
A surprise move from the Swiss Central Bank today sent currencies into a frenzy. Futures traded erratically for much of the morning gyrating from positive to negative territory. Even with a positive start to the day this market simply could not hold onto gains. ...
by Big Wave Trader | Jan 14, 2015
Today’s session stayed within the new normal with another volatile session as the Dow Jones Industrial average posted another triple digit loss. Early morning futures were dealt with a blow as December retail sales were weakier than expected. However, morning buyers...
by Big Wave Trader | Jan 14, 2015
Early morning futures suggested a positive start to the day and buyers were more than willing to bid stocks higher. At its highs the Dow Jones Industrial Average was up more than 282 points on the session. Volume was running hot and it appeared as if this market was...
