by Big Wave Trader | Oct 29, 2013
Once again the market was dealt with less then stellar economic data. PPI and Retail sales were disappointing with Retail Sales at an unadjusted rate of -9%. Early in the trading session, but once again buyers were able to use the newly found liquidity from the...
by Big Wave Trader | Oct 28, 2013
More disappointing economic data hit the market prior to the market open and after. An initial effort by sellers pushed the market to its lows, but by 11am buyers found their way armed with more than 5 billion in stimulus from the Fed’s POMO. Even as buyers found...
by Big Wave Trader | Oct 24, 2013
Jobless claims disappointed the market, but they wouldn’t hold back the Dow Jones Industrial Average from gaining 90 points on the session. Also on the negative economic news front Markit Preliminary PMI for the US printed lower than the expected 52.5 reading at 51.1....
by Big Wave Trader | Oct 22, 2013
We finally go the September jobs report showing a measly 148,000 jobs were added to the economy. The unemployment rate dropped from 7.3% to 7.2% despite the labor force participation rate held steady. At 10:30 the NASDAQ and momentum leaders were hit hard by a sell...
by Big Wave Trader | Oct 21, 2013
Coming off last week’s tremendous gains the market took a slight breather today. AAPL a big winner on the day helped the NASDAQ close in positive territory, but there were very few large movers as many stocks were digesting gains. NFLX another winner of the day soared...
by Big Wave Trader | Oct 17, 2013
Overnight the bill to advert default was signed by President Obama giving 90 days till another fiasco. The market cheered as the S&P 500 hit fresh all time highs closing 1733.15. The winning index on the day was the Russell 2000 closing higher by .9%. Volume...
