by Big Wave Trader | Jul 17, 2013
Poor housing data kicked off the morning with Mortgage Applications falling along side Housing Starts and Building Permits. However, the data wouldn’t keep stocks from ending positive as Bernanke’s testimony and continued to press the Fed would remain accommodative as...
by Big Wave Trader | Jul 16, 2013
A better than expected Homebuilder sentiment reading failed to lift stocks and sent homebuilding stocks lower. Trading volume rose above Monday’s level, but again was below average. The major stock indexes did notch a day of distribution in technical terms. However,...
by Big Wave Trader | Jul 15, 2013
A better than expected Empire Manufacturing index was a positive for the market in the early going. However, weaker than expected retail sales gave the market some pause. Despite the mixed economic readings the market was able to push higher on the day even without...
by Big Wave Trader | Jul 14, 2013
The Big Wave Trading portfolio is currently under a BUY mode across the board, with the Nasdaq fully switching to a BUY signal on the 9th with the SP-500 and DJIA following on the 11th. These indexes now join the Russell 2000 which was placed under a BUY signal last...
by Big Wave Trader | Jul 12, 2013
After Wednesday’s close Ben Bernanke back pedaled from his taper fantasy. Stocks enjoyed the renewed effort by the Fed Chairman to continue to pump money into the market. Economic data was essentially ignored by the market as the only thing that matters at this point...
by Big Wave Trader | Jul 10, 2013
It was clear from the start traders were waiting on the FOMC meeting minutes. Volume was running much lower from Friday’s pace. The housing market continues to receive bad news from Mortgage Applications as once again they fell 4% week over week. Higher rates have...
