by Big Wave Trader | May 3, 2013
Yesterday’s action was not expected, but not surprising either given our current market environment. Low volume rallies have been the norm for the market and especially at new highs. The market was able to shrug off the selling pressure after the FOMC announcement to...
by Big Wave Trader | May 2, 2013
Small cap stocks lead the entire market lower as the market didn’t respond well to the FOMC’s statement. At the beginning of the day the ADP employment report disappointed showing weak job growth for the month of April. ISM manufacturing did surprise to the upside,...
by Big Wave Trader | May 1, 2013
Closing out the month of April stocks were able to go out on a green note. Volume was hot throughout the day and did not need the surge of volume at the end of the day to eclipse Monday’s level. What is normal for this market is for us to see volume not accompany...
by Big Wave Trader | Apr 30, 2013
Another new high set by the market despite uninspiring economic data. Personal savings rate hit a new low as incomes could keep up with spending. In addition, the Dallas Fed survey dropped well below expectations. The Federal Reserve has been pumping billions into the...
by Big Wave Trader | Apr 28, 2013
The Big Wave Trading Portfolio remains under a NEUTRAL condition, following this week’s action. While the price action was very strong with many stocks producing large moves, the overall indexes are still trapped in a trading range between their respective...
by Big Wave Trader | Apr 26, 2013
In just 5 days the market has been able to regain almost all of the prior week’s loss as volume jumps on the day. Jobless claims were better than expected helping boost futures. The only other economic release was the Kansas City Fed Manufacturing Index and it...
