by Big Wave Trader | Mar 25, 2014
Thanks to big moves in some Dow components like JNJ and IBM the old blue chip index is powering ahead despite sluggishness in the NASDAQ and Russell 2000. The market was greeted this morning with decent economic data with only the Richmond Federal Reserve...
by Big Wave Trader | Mar 24, 2014
Overnight the market was hit with a Chinese PMI figure hitting an 8 month low, but would initially shrug off the weak figure. Markit released its US Manufacturing and while it was weaker than expected it still showed the US Manufacturing sector had expanded. It is...
by Big Wave Trader | Mar 24, 2014
The Big Wave Trading portfolio remains under a NEUTRAL condition as we await for this market to either break out to new 52-week highs or break down below the individual major market average’s 50 day moving average. For now, it appears, following Friday that the...
by Big Wave Trader | Mar 20, 2014
Quite the fireworks in the morning session with sellers pushed the markets lower in fast trade. By 10 am buyers were back in the saddle pulling the market back to positive territory. Economic data was mostly positive being led by the Philadelphia Fed Business Outlook...
by Big Wave Trader | Mar 19, 2014
In typical fashion volatility was sparked after the rate announcement from the Federal Reserve. Janet Yellen’s first meeting is now out of the way and we can move forward. On the positive side of the market today is we were able to close above Monday’s high on the...
by Big Wave Trader | Mar 19, 2014
A good day for stock market bulls as yesterday’s high is cleared on expanding volume. Today was a clear sign bulls still want to dance and accumulate shares of stock. It may be somewhat surprising ahead of the Federal Reserve tomorrow, but we are not going to argue...
