by Big Wave Trader | Sep 18, 2013
The day started off with disappointing housing data coming in well below expectations. After the release of the housing the data the market simply drifted lower ahead of the FOMC rate decision. Clearly the biggest news of the week came at 2pm EDT when the headline...
by Big Wave Trader | Sep 17, 2013
Will the Fed taper and by how much is the question on many people’s mind. The market roared back after yesterday’s reversal in heavy volume. It was not a surprise today’s volume figures were light as many are hesitant to do anything in front of Wednesday’s conclusion...
by Big Wave Trader | Sep 16, 2013
Sunday evening newswires were hit with news Larry Summers had withdrawn from consideration for the Fed Chair position. Futures jumped at the opening Sunday evening hoping a more dovish Fed Chair would be nominated. For the NASDAQ it wouldn’t last long as AAPL lead the...
by Big Wave Trader | Sep 15, 2013
Aloha everyone. The Big Wave Trading Portfolio is under a BUY condition across the board in all major market indexes as all average have retaken the 50 day moving average and have done so on above average volume (minus the DJIA). Along with this, leading stocks across...
by Big Wave Trader | Sep 12, 2013
Small cap stocks led the market lower today in lower trade. Jobless claims fell below 300,000 for the first time in a long time! Perhaps it is a reflection of a shrinking workforce than job growth. Import prices fell more than expected. There wasn’t too much...
by Big Wave Trader | Sep 11, 2013
After yesterday’s sell-off following AAPL’s event sellers punished the stock once again sending shares down more than 4% weighing on the NASDAQ. On the bright side the Dow Jones Industrial average was up more than 135 points leading all major market averages....
