by Big Wave Trader | Nov 22, 2011
The big economic news of the day was the big revision lower for third quarter Gross Domestic Product. Slower growth is a killer to budget forecasts and does not bode well for business confidence. Volume on the day ran lower, very typical for the Thanksgiving holiday...
by Big Wave Trader | Nov 21, 2011
Troubles in Europe remain as France’s cost of borrowing continues to rise. The European contagion will not stop until every country in the European Union is pressed. France’s CDS continues remain at highs signaling higher borrowing costs. Over on this side of the pond...
by Big Wave Trader | Nov 20, 2011
Friday’s lackluster performance following Thursday’s drop pins the tail on the donkey. Despite the market being oversold in the near-term doesn’t mean we can’t fall further. Price and volume have been on the side of the bears as of late. The bulls lack of response to...
by Big Wave Trader | Nov 17, 2011
I will make this simple for everyone. Big Wave Trading follows the trends. We will be wrong a lot and cut our losses when we are. Until this year, we were always right more than wrong. This year, however, we have been wrong more than right, due to the extreme...
by Big Wave Trader | Nov 16, 2011
A report by Fitch on US bank exposure to Europe sent stocks into a tailspin late in the trading session. For most of the day it appeared the market was gaining intraday support like most other days in the market. Leading stocks were acting well, but with the NASDAQ...
