by Big Wave Trader | Oct 18, 2011
Early morning trading was decidely negative as the news of slowing Chinese growth hit the markets hard. In addition, Producer Price Index was higher than expected showing prices continue to push higher. The bright spot on the day, relatively speaking was the a jump in...
by Big Wave Trader | Oct 17, 2011
The low volume continued today despite fears Europe will not be able to come together to solve its debt crisis. Insitutions were mainly on the sidelines today, but the price destruction was quite clear. Economic news didn’t help the situation as the Empire...
by Big Wave Trader | Oct 16, 2011 |
Currently the Big Wave Trading Portfolio and the Big Wave Trading Retirement Portfolio are in cash. The regular account is currently 10% short 16 stocks (12 being initiated during July-August downtrend w/ half of profits taken on 8/8 on all positions). Big Wave...
by Big Wave Trader | Oct 13, 2011
The low volume rally continues as volume on the S&P 500 registered lower than Wednesday’s level and lower than Monday’s holiday volume. Finishing the day near the highs of the session was the NASDAQ boosted by GOOG and AAPL stock. GOOG reported...
by Big Wave Trader | Oct 12, 2011
The Follow-Through Day (FTD) that was not to be. After the release of the Federal Open Market Committee (FOMC) meeting minutes stocks took a jump to the upside. Traders hung their hats on the revelation the committee openly discussed another round of bond buying (or...
by Big Wave Trader | Oct 11, 2011
Slovakia was center stage for the market pundits as the country was set to vote on the EFSF. Early morning selling gave way to buying pushing all the major indexes into the positive territory. Volume struggled on the NYSE to eclipse Monday’s holiday level. The...
