by Big Wave Trader | Dec 4, 2013
Stocks rallied off the morning lows only to take out the morning lows by early afternoon. The morning session the market looked great setting up an outside reversal day. Volume was running higher, but the rug was pulled out from underneath buyers until sellers were...
by Big Wave Trader | Dec 3, 2013
Economic data was on the light side today with only the ISM New York figure hitting the wires. European markets were lower in heavier trade putting pressure on futures and much of the morning session. Volume jumped above Monday’s level giving the S&P 500 another...
by Big Wave Trader | Dec 2, 2013
It appears market participants ate too much Tryptophan and couldn’t keep this market afloat. Generally speaking global PMIs were positive and it was certainly the case here in the states. Gold took a beating today as “King Dollar” appears poised to move higher. The...
by Big Wave Trader | Dec 2, 2013
Aloha. I hope everyone had a wonderful Thanksgiving and post-Thanksgiving weekend. As you all know, it was a holiday shortened week but it was still a bullish week as all market indexes continued to hit new all-time and 13-year highs. Nothing of importance happened...
by Big Wave Trader | Nov 28, 2013
A burst of economic data hit the market this morning. Once again the data was mixed with the Chicago PMI once again showing strength. Durable goods weren’t up to snuff. However, the data was quickly forgotten as many were looking ahead to the Thanksgiving Day holiday....
by Big Wave Trader | Nov 27, 2013
Just another day in Wonderland as stocks close in the green, but the Dow Jones Industrial Average and S&P 500 hit stall speed. Volume jumped across the board, perhaps institutions are trying to get allocations ahead of the Thanksgiving holiday. Economic data...
