by Big Wave Trader | Apr 25, 2012
The story of the day was none other than AAPL producing fabulous earnings. On the negative side durable goods orders was much lower than expected, but failed to derail the euphoria surrounding AAPL’s earnings. The stock comprises 17% of the NASDAQ 100 and a nearly 9%...
by Big Wave Trader | Apr 24, 2012
Disappointing housing market numbers kicked started the morning economic news, but a better than expected Richmond Fed Manufacturing index was a nice surprise. While the rebound outside of the NASDAQ was nice to see the lack of volume was quite unimpressive. The real...
by Big Wave Trader | Apr 23, 2012
French elections and a debacle in the Netherlands helped spook investors sending European stock markets lower on Monday. Fears spread across the pond to the US as premarket futures were down close to one percent. There wasn’t any economic news to rattle the markets,...
by Big Wave Trader | Apr 23, 2012
I decided to post this as an instablog on Seeking Alpha’s site since they do not accept TA pieces without some fundamental proof. The Current Rally Is Coming To An End
by Big Wave Trader | Apr 20, 2012 |
“Profits always take care of themselves but losses never do. ” The speculator has to insure himself against considerable losses by taking the first small loss. In so doing, he keeps his account in order so that at some future time, when he has a constructive idea, he...
by Big Wave Trader | Apr 19, 2012
Disappointing jobless claim and existing home sales put a damper on the market at the open. Buyers did show up pushing the market higher with volume on the rise. However, buyers were exhausted and it was sellers who took over and dominated for the remainder of the...
