by Big Wave Trader | Dec 19, 2011
Forget the ECB failing to give the market what it wants, non-sterlized bond purchases it was BAC stealing the show. The stock dropped below the pivotal $5 mark signaling continued selling pressure on the stock. Homebuilder confidence inched higher and even coming in...
by Big Wave Trader | Dec 15, 2011
Economic data gave a boost to premarket futures pushing the market to gap more than one percent at the open. The euphoria at the open did not last long unfortunately as sellers took to the market. It wasn’t long before the NASDAQ dipped into the red; buyers weren’t...
by Big Wave Trader | Dec 14, 2011 |
Buyers had post Federal Reserve policy statement hangover for much of the trading session. Volume rose on the NASDAQ, but fell on the S&P 500. Price action looks pretty iffy on both indices with the S&P 500 joining the NASDAQ composite below their respective...
by Big Wave Trader | Dec 13, 2011
Advance retail sales were much lighter than expected, but the news failed to bring down futures in pre-market trading. The market was awaiting news from the Federal Reserve at 2:15pm EST. Volume was light heading into the meeting as institutions once again on the...
by Big Wave Trader | Dec 12, 2011
Europeans continue to dominate the headlines while the Shanghai Composite continues to strike new 52 week lows. News outlets continue to focus on the European markets and their debt situation while completely ignoring what is going on the mainland of China. Early...
by Big Wave Trader | Dec 11, 2011
Big Wave Trading is currently long numerous positions in the IRA and margin accounts. These accounts will both be heavily invested after the round of purchases on Monday. The overall model continues to be in a neutral mode (due to the lack of volume follow through...
