by Big Wave Trader | Aug 31, 2011
Looking back at the month we were witnessed to a wild and crazy trading. The S&P 500 was down more than 5% for the month while the Russell 2000 index was down more than 8%. All the while S&P downgraded the United States Issuer rating from AAA to AA+. Today’s...
by Big Wave Trader | Aug 30, 2011
The market got a major dose of economic news this morning. Case-Shiller released its reading on the housing market and although prices fell again they did not fall as much as expected. Good news, relatively speaking. Stocks were able to climb off session lows, but...
by Big Wave Trader | Aug 29, 2011
Hurricane Irene did not come as advertised helping boost stocks at the beginning of the day. A surprise jump in personal consumption helped fuel the early morning rally. The US savings rate dropped a bit to 5%, but the market liked what it saw and pushed higher. Even...
by Big Wave Trader | Aug 26, 2011
Four High Quality Stocks Unfazed By The Volatile Tape
by Big Wave Trader | Aug 25, 2011
The news story of the morning was Warren Buffett’s deal to buy $5bn of BAC warrants paying him a 6% yield. Bank stocks soared on the news pre-market cheering the oracle of Omaha’s investment. Ignoring a jump in jobless claims futures pushed higher into the market...
by Big Wave Trader | Aug 24, 2011
A positive Durable Goods report help set the tone for early morning trading. Buyers quickly rushed in and scooped up shares, but the early morning cheer quickly faded heading into the late morning hours. As the NASDAQ reached last week’s gap it was an obvious place...
