by Big Wave Trader | Jul 1, 2013
The S&P 500 and Dow Jones Industrial average were both rejected at their respective 50 day moving averages despite better than expected ISM Manufacturing data. At 10 am the market received better than expected manufacturing data helping the market to jump to the...
by Big Wave Trader | Jun 30, 2013
It was a great week the past week on Maui and a good week overall for the stock market. The market did rally the past week but all the action came on below average volume until Friday when EOQ and EOM trading took over. As we know by now, from 1850-2008 this would be...
by Big Wave Trader | Jun 27, 2013
During the early morning the market was given a dose of economic news coming in mostly inline with expectations. Pending home sales were much better than expected, but the Kansas City Fed manufacturing index contracted coming in well below expectations. Given the...
by Big Wave Trader | Jun 27, 2013
Despite a weaker than expected first quarter GDP reading the markets rose on the day. Bond yields pulled in after reaching yields above 2.6% on the 10 year US Treasury note. Today was day two of an attempted rally and the S&P cleared a key level increasing the...
by Big Wave Trader | Jun 26, 2013
Rebounding from Monday’s sell-off stocks were able to close higher. Volume fell across the board despite the gains. Better than expected economic data did help kick off the morning, but sellers took to the market early and often pushing it nearly too breakeven....
by Big Wave Trader | Jun 24, 2013
Despite an impressive move off the lows just after the lunch hour the final hour of trading was won by sellers. Closing off the highs of the session major markets with the exception of the Dow were down more than one percent on the day. Volume simply could not compete...
