by Big Wave Trader | Jan 29, 2014
Even the President’s State of the Union address couldn’t help keep futures higher after the Turkish Central Bank pushed lending rates much higher than anticipated. Buying did come in and rescue the market somewhat at the open, but all eyes were glued to the 2pm...
by Big Wave Trader | Jan 28, 2014
AAPL’s reaction to earnings was quite harsh as the stock closed just above the $500 level after erasing 44 points on the day. Due to AAPL the NASDAQ simply could not keep up with the rest of the indexes lead by the Russell 2000 closing higher by .93%. Volume was...
by Big Wave Trader | Jan 27, 2014
Selling continued on Monday lead by the Russell 2000 and NASDAQ Composite indexes. CAT earnings release and subsequent move helped the Dow Jones Industrial Average from losing further steam. Volume ended the day lower across the board despite the plunge to new lows...
by Big Wave Trader | Jan 25, 2014
And it finally gets interesting. It has been such an amazing winter on Maui this year with all of the amazing surf and whale action that the slow methodical uptrend has been a side-feature to a much more impressive show by mother nature. However, the stock market has...
by Big Wave Trader | Jan 24, 2014
Pundits are blaming today’s move on a disappointing manufacturing piece of data out of China last night. China’s PMI dropped below the 50 level marking a contraction in manufacturing when the sector was expected to expand. Selling started early and Chinese related...
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...
