by Big Wave Trader | Aug 5, 2013
ISM non-manufacturing readings from across the globe collectively showed the service side of the economy continues to expand. The better than expected data didn’t help the DAX and Nikkei too much and failed to spark the S&P 500 and Dow Jones Industrials to new...
by Big Wave Trader | Aug 4, 2013
The Big Wave Trading Market Model remains under a BUY signal with zero pressure weighing on it. With the indexes hitting all-time highs and leading stocks leading the way higher, everything is aligned for further potential price appreciation in all asset classes....
by Big Wave Trader | Aug 1, 2013
A slew of economic data across the globe came in better than expected boosting stock prices around the globe. It began with China’s official (forget HSBC) PMI reading above 50 at 50.3. Yesterday’s end-of-day selling is a forgotten memory with the huge move in the...
by Big Wave Trader | Aug 1, 2013
It’s a stock market top! Just kidding, there is no way any of us know whether or not today was a market top or not despite many who will try to call a market top. GDP this morning gave a big boost to the market showing a GDP grew 1.7% annualized in the second quarter....
by Big Wave Trader | Jul 30, 2013
The NASDAQ hit a new multi-year high prior to noon time only to see sellers rush in and quickly move the index to its lows of the session. The S&P 500 was unable to sustain its morning gains too despite the efforts by technology names. Industrials and utilities...
by Big Wave Trader | Jul 29, 2013
A quiet day on Wall Street today as summer trading continues. Many are likely still trying to recover from their weekend festivities. Perhaps many were with Steve Cohen. Pending home sales weren’t as bad as the market was looking for, but was still negative month over...
