by Big Wave Trader | Jun 21, 2012
Poor economic data coupled with overbought conditions were catalysts to bring down the market today. Volume rose on the day as it was clear institutions were active in the market selling down their holdings. Crude oil dropped below the $80 mark as the commodity reacts...
by Big Wave Trader | Jun 20, 2012
The story of the day was the Federal Reserve and its actions. With very little on the economic front the market turned and waited on the Federal Reserve to deliver its rate and policy announcement. Failing to initiate a third round of quantitative easing the Federal...
by Big Wave Trader | Jun 19, 2012
Another good day for the markets as leading stocks continued to see breakouts. Volume rose on the day, but remained below its 50 day volume average. The market was able to ignore poor housing starts while building permits picked up more than expected. European markets...
by Big Wave Trader | Jun 18, 2012
The Greeks voted for the pro-bailout candidate helping the EURO to stay intact for now. Initially, futures markets cheered pushing higher. However, for a few indexes the rally would not last. Spanish and Italian stock markets reversed hard and closed negative while...
by Big Wave Trader | Jun 16, 2012
“The less I cared about whether or not I was wrong, the clearer things became, making it much easier to move in and out of positions, cutting my losses short to make myself mentally available to take the next opportunity.” – Mark Douglas...
by Big Wave Trader | Jun 15, 2012
Penned this last weekend but finally getting around to post it on the web site.
