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...
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...
