by Big Wave Trader | Oct 31, 2014
The day after the FOMC announced the end of its third round of quantitative easing stocks advance. Early morning futures digested better than expected GDP reading. Futures did not get all that excited over the GDP figure as it appeared it was government spending...
by Big Wave Trader | Oct 30, 2014
As expected the Federal Reserve ended the current round, round three of quantitative easing. Volume ran hot throughout the session and picked up its pace after the Federal Reserve announcement. Post announcement the usual volatility dance the market does happened...
by Big Wave Trader | Oct 29, 2014 |
Strong consumer confidence helped push the market higher, but it may be anticipation of another round of QE pushing the market higher. Tomorrow’s Federal Reserve announcement is once again the highlight of the week for traders. Boil down the noise and it will come...
by Big Wave Trader | Oct 28, 2014 |
An early morning sell off as pending home sales disappointed did not last long. Buyers and we use this term loosely came to the market’s rescue pushing the market back near Friday’s closing prices. Crude oil was a hot topic as the commodity briefly traded below $80...
by Big Wave Trader | Oct 26, 2014 |
Despite the V-shaped straight-up lower volume rip higher by the overall market the past week, our market models remain under a NEUTRAL condition across the board. This includes the Nasdaq and Nasdaq 100 which retook their downtrending 50 day moving averages. This...
by Big Wave Trader | Oct 24, 2014
Yesterday’s losses were quickly erased as traders cheered earnings. CAT reported earnings prior to the bell and after buying back a ton of stock they were able to goose earnings enough to beat rather easily to the upside. Buying started from the start and did let up...
