by Big Wave Trader | May 16, 2012
Once again stocks were able to find footing in the middle part of the day, but fail to hold the highs. A few more FOMC members are open to more quantitative easing it wasn’t enough to help the market push back into the highs. Of course we still have the mess going on...
by Big Wave Trader | May 15, 2012
The only positive news on today’s session was the fact homebuilders are most optimistic in five years. Even Empire manufacturing ticked higher than expect, but the market was unable to take its eyes off the situation going on in Europe. For the second straight day the...
by Big Wave Trader | May 14, 2012
The market got a double dose of bad news as Greece inches closer to a Euro exit and Italian short-term bond yields jump. Volume rose on the NYSE by a small fraction, but fell over on the NASDAQ. Italian CDS along with Spanish CDS jumped on the day as yields rose for...
by Big Wave Trader | May 12, 2012
To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. — Jesse Livermore “Every once in a while you must go to cash, take a break, take a vacation. Don’t try to play the market all the time. It...
by Big Wave Trader | May 11, 2012
The story of the day was CSCO and its reaction to its earnings release. PCLN didn’t’ fare well either as earnings disappoints. A slightly better than expected jobless claims figure helped the market in the early going, but the market quickly turned to sloppy trade...
