by Big Wave Trader | Sep 25, 2013
For the first time this year the S&P 500 closed down five straight sessions. Is there any meaning to this? Not likely, but it is a fun point to bring to your attention. Early economic data was not kind with a weak Durable Goods number. New Home Sales were above...
by Big Wave Trader | Sep 24, 2013
A positive read on home prices from the Case-Shiller report helped futures initially. However, fears over a new housing bubble have resurfaced causing CNBC to focus their coverage. A poor Richmond Fed and a lighter read on Consumer Confidence helped sellers pushing...
by Big Wave Trader | Sep 23, 2013
Investors began the week worried about another debt ceiling fight centered on Obamacare. It appears the media will be totally focused on this issue rather than what the market is actually doing. The few bits of economic data were mixed with the US flash PMI from...
by Big Wave Trader | Sep 21, 2013
The Big Wave Trading Portfolio remains under BUY signal across the board with basically 0% pressure weighing on it. Every index is trending above their respective 50 day moving averages and they are all doing so on volume well above the average daily volumes we track....
by Big Wave Trader | Sep 19, 2013
A day after the non-Taper rate decision released by the FOMC US stocks take a break. One exception is the NASDAQ finishing higher by 5.7 points. Every other index pulled in nicely as volume fell across the board. This is the type of day when you don’t see a...
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...
