by Big Wave Trader | Aug 12, 2010
Jobless claims rose unexpectedly to 484,000 for the weak much more than the 465,000 expected sending futures lower. In addition to the weak jobless Cisco’s weak outlook and missing revenues added to the pain to begin the day. Volume soared at the open as the...
by Big Wave Trader | Aug 11, 2010
From the get-go the market experienced heavy volume selling as the market reacts to the possibility of another economic downturn. Yesterday the Federal Reserve said it would reinvest its mortgage holdings to US Treasuries. Initially, the market cheered the move, but...
by Big Wave Trader | Aug 10, 2010
Late day selling put a damper on the post Federal Reserve announcement reaction. Stocks fell for much of the day leading up to the Federal Reserve rate decision as volume ran heavier than Monday. Anticipation of the Federal Reserve making a move was widely expect as...
by Big Wave Trader | Aug 9, 2010
This is a list of my current holdings up 10%+ since going long (up 5%+ since going short). All longs/shorts are posted to subscribers of the Silver package. All sells/covers are posted to subscribers of the Gold package. Currently around 20% long 5% short 75% cash....
by Big Wave Trader | Aug 9, 2010
Stocks continued where the market left off on Friday by moving higher, but left volume behind. With tomorrow’s Federal Reserve rate decision set to hit the market at 215pm EST institutions weren’t willing to throw their weight behind today’s move. ...
by Big Wave Trader | Aug 9, 2010
Friday’s volatile day highlights the struggle between bulls and bears. The job outlook has been grim for quite some time, but Friday’s report just highlighted the lack of movement on the jobs front. Buyers stepped up and supported the market, but late...
