by Big Wave Trader | Jun 7, 2011
For the fourth day in a row the NASDAQ ended lower, but volume fell on the day. AAPL stock fell more than 1.6% weighing down the NASDAQ and continues to be a sore spot for the NASDAQ. Although the market was shaking off AAPL’s weakness for much of the day and it...
by Big Wave Trader | Jun 6, 2011
The market did not receive any economic updates today, but writing on the wall suggests further pain is likely to be upon us. Since the first week of March the market has been heading sidways and has been unable to make headway despite positive earnings reports. Weak...
by Big Wave Trader | Jun 1, 2011
Kicking off the day with horrible economic news was the ADP employment report showing a measly 38,000 jobs created last month. Terrible because the street was looking to see a gain of 175,000 jobs! In addition, the ISM Manufacturing index slowed again nearly...
by Big Wave Trader | May 31, 2011
Over the weekend IMF and other world leaders came together to help fund another Greek bailout giving a boost to the futures. However, the news of a possible Greek bailout quickly fizzled after the market digested less than stellar (terrible) economic data....
by Big Wave Trader | May 25, 2011
Starting the day off with economic news did not sit well with the market. Durable goods suffered a wider than expected drop perhaps signaling further weakness in manufacturing seen from earlier reports. Volume started the day off much heavier than Tuesday’s action,...
by Big Wave Trader | May 24, 2011
New home sales jumped more than expected but it was the data out of the Richmond Federal Reserve Bank that shook up the market. The manufacturing index flashed a negative reading well below the expected reading showing manufacturing is slowing significantly. Traders...
