by Big Wave Trader | Apr 17, 2013 |
In fine QE fashion stocks rebound in very light trade. Positive housing data did help the market even though growth came from multi-family homes. Industrial production grew at a faster pace than expected. Today was the first time we had economic data come in better...
by Big Wave Trader | Apr 16, 2013
Sunday night the market digested disappointing data from China showing their economy growing slower than many had previously thought. Gold and silver continued to decline after last night’s fall closing near the session lows. Two economic reports were released States...
by Big Wave Trader | Apr 14, 2013
The Big Wave Trading portfolio remains under a BUY signal which was regenerated on March 5th. The Russell 2000 was the only index under a NEUTRAL condition heading into the most recent week but has now re-switched back to a BUY mode as well. Overall, following this...
by Big Wave Trader | Apr 12, 2013
This week has favored the bulls as the market closed higher with gains for the fourth straight session. Volume ended mixed falling on the NYSE while running higher on the NASDAQ. A report on PC sales sent the likes of $MSFT, $INTC, and $HPQ lower putting pressure on...
by Big Wave Trader | Apr 10, 2013
A hiccup at the Federal Reserve led the central bank to release their latest meeting minutes at 9am EST. Despite several members favoring tapering the money printing operation by mid-year the market took off. Leading the charge was the NASDAQ, but on the Russell 3000...
by Big Wave Trader | Apr 9, 2013
Unable to hang to the highs of the session stocks finish higher as volume jumps over Monday’s depressed levels. Wholesale inventories jumped more than expected in the month of February throwing a kink into first quarter GDP. Breadth on the NASDAQ ended in favor of the...
