by Big Wave Trader | Nov 3, 2009
The market was able to enjoy a day of positive gains with a bit of positive economic news. Factory orders rose .9% when the street was looking for was .8%. However, Warren Buffett stole the show with Berkshire Hathway’s purchase of Burlington Northern Sante Fe...
by Big Wave Trader | Nov 2, 2009
Wall Street returned Monday opening in the green after a terrible week of heavy volume selling. Buyers stepped up after a positive reading from the ISM Manufacturing rose more than expected. Again, stocks rose again only to meet sellers sending stocks lower. By the...
by Big Wave Trader | Nov 2, 2009
I will be back on Maui tomorrow after one of the best weekends I have had in a VERY long time. I will resume normal posting after almost two months of partial-posting. With a pullback in the market that is throwing up a lot of sell signals and is giving me the “take...
by Big Wave Trader | Oct 30, 2009 |
Gross Domestic Product surprised to the upside on Thursday bringing into question those who are doubting the current recovery. On Wednesday, Goldman Sachs lowered their GDP forecast from 3.0% to 2.7% giving traders a fright. Volume was on the lower side of things...
by Big Wave Trader | Oct 29, 2009
Same story again on the Street Wednesday as stocks were sold off in panic fashion as fear over housing and the overall recovery continue to take hold. If you haven’t been on the sidelines watching with cash like many of us you have enjoyed seeing your stocks...
by Big Wave Trader | Oct 27, 2009
Earnings season has been a rough time for stocks and Tuesday’s session was another reminder expectations remain too high. The market got a big hit from an unexpected fall in Consumer Confidence with a reading below 50. It was the first time since July the...
