by Big Wave Trader | Nov 15, 2013
A disappointing jobs number did not hold back the market for long. We continue to see buyers step in just as the Fed’s POMO begins. The NASDAQ was held back today by CSCO reaction to its disappointing earnings release. CSCO CEO Chambers really did not have an...
by Big Wave Trader | Nov 13, 2013
The last half-hour of trading revealed how bullish today’s session was as stocks close out at session highs. Things didn’t get moving until after 12:00 New York time as buyers bid up stocks led by the NASDAQ Composite index. Preliminary volume figures show volume rose...
by Big Wave Trader | Nov 13, 2013
Once again this market finds a way to find support and not go out on the lows. Technically speaking the S&P 500 and Dow notched a day of distribution. However, we must discount volume due to yesterday being a holiday. Moreover, the support off the lows certainly...
by Big Wave Trader | Nov 11, 2013
Friday’s job report initial sent stocks lower in fears over a Dectaper. However, a peek into the numbers behind the report eroded the fear and stocks pushed higher. Today’s trade was a continuation of Friday’s meltup in very light trade. Veterans Day volume is...
by Big Wave Trader | Nov 8, 2013
A surprise from third quarter GDP with the release showing the economy grew by 2.8%. Expectations were for the economy to grow only by 2%. However, all attention would be on Twitter’s first day of trading over on the NYSE. Just as the stock would open sellers got to...
by Big Wave Trader | Nov 6, 2013
The NASDAQ and Russell 2000 continue to lag the broader market as the Dow Jones Industrial Average takes on the leadership role. Led by MSFT big breakout the Dow added 128 points finishing higher by almost 1% while the S&P 500 closed with a 7.5 point gain. Volume...
