by Big Wave Trader | May 29, 2013
Tuesday’s continues to be the day to be long stocks. The Dow is now 20 for 20 since January. This morning’s economic reports pushed stocks higher as the Case-Shiller index and Consumer Confidence indicators beat expectations. An intraday selloff tainted the day’s...
by Big Wave Trader | May 27, 2013
The Big Wave Trading Portfolio remains under a BUY condition, despite the harsh sell off this past Wednesday. During such a strong uptrend with the averages constantly riding the 5, 10, 20, and 50 day moving averages higher, it will take more than a one day sell off...
by Big Wave Trader | May 23, 2013
It all began in Japan where the Nikkei hit an all-time high only to end its day lower down by more than 7%. Selling swept the globe where Europe was hit hard, but it was the United States market to see some resiliency. A better than expected Jobless Claims figure did...
by Big Wave Trader | May 23, 2013 |
It was about time we saw the market close lower on heavy volume. At one point the Dow Jones Industrial Average was up more than 155 points. The market was clearly focused in on Ben Bernanke’s testimony and prepared comments then it would turn its attention to the...
by Big Wave Trader | May 21, 2013
Void of economic releases the market did get showered with more than $3 billion in asset purchases from the Federal Reserve. A hiccup in the morning was quickly support as the Federal Reserve Open Market Operations flooded the market with fresh new cash. Over Europe...
by Big Wave Trader | May 20, 2013
Heading into the week the US market once again watched the Nikkei continue to move further into the stratosphere. Futures were pretty anemic heading into the trading session today. Overnight news focused on the plunge in precious metals as Silver and Gold were hit...
