by Big Wave Trader | Aug 2, 2011 |
Our caution over the last few weeks has been warranted after these past two days. I’d love to say we are about to bounce and recover, but at this point all rallies will be sold into. The VIX moved 5% today, but the 5% came at the end of the day. The debt deal...
by Big Wave Trader | Aug 1, 2011
The day started off well with the NASDAQ gapping up more than 130 basis points. However, it wouldn’t last more than a few minutes with sellers taking over pushing the market lower. ISM manufacturing and construction spending didn’t help. ISM manufacturing was expected...
by Big Wave Trader | Jul 28, 2011 |
The day started off rocky despite a positive jobless claim figure at 8:30pm. Traders pushed the market to its high of the day by midday causing many to think the recent sell off was all over. However, the market continues to be heavy with plenty of stocks continuing...
by Big Wave Trader | Jul 27, 2011
Another ugly day, or as we like to say “fugly” day on Wall Street as investors sold down stock. Small cap stocks lead the way down as the Russell 2000 closed down nearly 3%. The NASDAQ shed 2.65% while the S&P 500 closed below its 50 day moving...
by Big Wave Trader | Jul 26, 2011
Once again the Debt Ceiling debate continued to dominate the headlines despite earnings season. The lack of ability for Washington DC to come together continues to strike fear amongst market participants. Institutions stepped up their game today selling stock on the...
by Big Wave Trader | Jul 25, 2011
With little economic news to digest the market turned its sight on the Debt Ceiling debate in Washington, DC. Volume began the day lower on the NASDAQ and flirted with positive territory on the NYSE. By the end of the day however, the NYSE posted higher volume than...
