by Big Wave Trader | Oct 16, 2013
Overnight news of a deal helped fuel optimism in the markets pushing futures higher. Buying started just after 9:45 as if it knew the Senate had come to an agreement on a bill. However, highs would be set before noon time and stocks coasted into the close. The House...
by Big Wave Trader | Oct 15, 2013
We continue to see this market digesting every single headline coming out from Washington. It appeared earlier today the market was about to rocket to new highs, but sellers jumped all over the chance to sell this market down. By the end of the session we still didn’t...
by Big Wave Trader | Oct 14, 2013
Despite CNBC’s best efforts to create massive fear stocks continue to shrug off any attempt to sell-off in front of the possible US default. From the open buyers pushed the market higher throughout the day, even pushing the Russell 2000 to new all-time highs. So much...
by Big Wave Trader | Oct 10, 2013
This morning stock futures were given news of a potential short-term debt ceiling deal from republicans and futures reacted quite positively. A poor jobless claims figure was released and while it showed more claims were put in the data was skewed due to a technical...
by Big Wave Trader | Oct 9, 2013
A mixed day on the street as the US Government remains in shut down mode. It appears the street can’t figure out when the Government will actually default and it has caused some confusion amongst traders. The good news on the day was the market was able to close above...
by Big Wave Trader | Oct 8, 2013
Continued fears over the debt ceiling and the probabilities of default dominate trader talk. The NASDAQ led all major averages lower closing down 2% followed by the Russell 2000 which closed down 1.71%. Volume exploded on the day as institutions continued to dump...
