by Big Wave Trader | Aug 29, 2012
No surprise GDP growth was in-line with estimates as pending home sales jumped more than expected. Both figures failed to ignite buying as the market hit the day’s low just before 11am. Once again buyers stepped up to the plate supporting the market. Support wasn’t...
by Big Wave Trader | Aug 28, 2012
A positive Case-Shiller housing report was over-shadowed by a disappointing drop in consumer confidence. Volume ended mixed on the day, but did not trigger any distribution. The market appears to be waiting word from the Federal Reserve head Ben Bernanke on Friday. We...
by Big Wave Trader | Aug 27, 2012
Friday’s early evening news regarding AAPL’s patent fight with Samsung helped boost the stock today sending the NASDAQ higher at the open. The initial pop in the NASDAQ was certainly attributed to AAPL’s move, but stock would stall out before the lunch hour. A steady...
by Big Wave Trader | Aug 24, 2012
The Big Wave Trading Portfolio remains under a weak BUY signal, following a week of constructive price action in the overall market. We continue to keep positions relatively small as volume continues to be completely absent in the stock market right now. Traders are...
by Big Wave Trader | Aug 23, 2012
Jobless claims and New Home sales disappointed setting a negative tone for the entire trading day. Federal Reserve President Bullard did not confirm a new quantitative easing program, but gold and silver still jumped higher. The two precious metals are certainly...
by Big Wave Trader | Aug 22, 2012
All eyes were on the FOMC meeting minutes today! Our attention was on the price action, but market pundits were looking for the FOMC to hint at further stimulus from the central bank. Bill Gross tweeted shortly after the release of the minutes there is now an 80%...
