by Big Wave Trader | Jun 28, 2012
The morning got going with GDP coming in-line with expectations. Putrid growth of 1.9% was in-line with expectations, but far from where we should be 3 years removed from 2009 lows. Shortly after the market opened the Supreme Court upheld Obamacare and the market got...
by Big Wave Trader | Jun 27, 2012
Better than expected GDP and Pending home sales helped boost the stock market in the early going, but the rally appeared to stall out after lunch time. Heading into the 3 o’clock hour it appeared the market was ready to rollover into oblivion and then rumors started...
by Big Wave Trader | Jun 26, 2012
The markets did their best to rebound from Monday’s sell off, but fell short. Volume ended mixed on the day with the NYSE volume coming in lower and the NASDAQ coming in better than Monday’s levels. Economic data was disappointing with Consumer Confidence and the...
by Big Wave Trader | Jun 25, 2012
Despite positive news from the Dallas Fed Manufacturing survey and new home sales data the market sold off. The NASDAQ led the decline closing lower by 1.95% followed by the Russell 2000 down 1.71%. Volume overall was lower than Friday, but Friday’s volume was...
by Big Wave Trader | Jun 21, 2012
Poor economic data coupled with overbought conditions were catalysts to bring down the market today. Volume rose on the day as it was clear institutions were active in the market selling down their holdings. Crude oil dropped below the $80 mark as the commodity reacts...
