by Big Wave Trader | Nov 25, 2013
Stocks drift aimlessly throughout the day after gapping higher in the early morning session. Pending home sales disappointed month-over-month and year-over-year helped sellers push stocks lower. Dallas Fed released its manufacturing index showing slower growth than...
by Big Wave Trader | Nov 24, 2013
With the markets hitting new all-time highs in the SP-500, Russell 2000, and DJIA and the Nasdaq hitting new 13-year highs, it is obvious that everything is all good with the market. We remain under a BUY signal and there is absolutely zero pressure currently on our...
by Big Wave Trader | Nov 22, 2013
Today was a solid day for the market as we saw the NASDAQ jump more than one percent, but it was small cap stocks leading the overall market that was most impressive. The VIX dropped more than 5% as complacency continues. There simply isn’t any fear over the market...
by Big Wave Trader | Nov 21, 2013
A better than expected retail sales figure helped boost stock futures prior to the open. Released at the same time inflation data remained tame and was in line with expectations. Existing home sales wrapped up the economic releases of the day and it disappointed....
by Big Wave Trader | Nov 20, 2013
There was an absence of economic data for pundits to opine about, but the action in 3D printing stocks was not optimal. Volume slipped on the NASDAQ, but inched higher on the NYSE. The minimal pullback on the S&P 500 negated a distribution day. At this point,...
by Big Wave Trader | Nov 18, 2013
Today’s session started out as a decent day on the street ended in a sour mood. Pundits are blaming a timely quote from Icahn expressing his concern over the market and a possibility of a near-term correction. At this point, who hasn’t said this? Volume ended the day...
