by Big Wave Trader | Nov 29, 2012
The market has become quite an interesting beast as of late with wild swings on every press conference DC makes. First Boehner’s comments sent the Dow down 50 points in a split second only to recover after Reid and Schumer respond. Nancy Pelosi was kind enough to wait...
by Big Wave Trader | Nov 28, 2012
Sellers were enjoying the day until comments from Speaker Boehner on the Fiscal Cliff negotiations. President Obama followed up just before noon time with similar remarks. The market was diving to new lows, but the comments spurred buying. We can argue it was High...
by Big Wave Trader | Nov 27, 2012
For the second day in a row the Dow Jones Industrial Average, S&P 500, and the NYSE Composite posted another day of distribution. It is an ominous sign for a newly developed rally to post back to back days of distribution after a follow-through day. Positive...
by Big Wave Trader | Nov 26, 2012
It was all about AAPL today as the technology giant surged more than 3% on above average volume lifting the NASDAQ to its 6th straight positive close. Disappointing manufacturing data out of the Dallas Federal Reserve Bank did very little to deter stocks from rallying...
by Big Wave Trader | Nov 25, 2012
The Big Wave Trading Portfolio switched from a successful SELL signal back to a NEUTRAL signal the past week as the DJIA, SP500, and Russell 2000 retook their 200 day moving averages. The Nasdaq remains below its respective 200 day moving average but that is due to...
by Big Wave Trader | Nov 23, 2012
Optimism over bureaucrats coming together and compromising on deals certainly has had Investors smiling as of late. The most recent move from last Friday’s has been quite dramatic. Last week when US lawmakers came forth to speak of a deal on the Fiscal Cliff was...
