by Big Wave Trader | Jun 14, 2012
Good news for consumers as CPI dropped, but a worse than expected jobless claims figures continues to show the weakness in the job market. The big story of the day was rumors of a joint strike by central bankers to provide liquidity to the market. Money printing...
by Big Wave Trader | Jun 13, 2012
Jamie Dimon headed to the hill today to testify regarding JPM $2 billion trading loss held up the broader market for majority of the day. Economic news took to the back burner as the market watched Jamie Dimon testify and JPM the stock rise. The rally would not last...
by Big Wave Trader | Jun 12, 2012
European fears remain, but rumors of the Federal Reseve moving towards quantitative easing part three brought buyers back into the market. Gold and silver jumped on the news, but both precious metals remain well off their highs. Early trading saw sellers give way to...
by Big Wave Trader | Jun 11, 2012
The EU bailout of Spanish banks was received well when the futures market first opened Sunday evening. Sellers dominated the day as the markets sniffed out and disapproved of the Spailout. US equity markets did enjoy a good start, but selling was unforgiving and...
by Big Wave Trader | Jun 8, 2012
The Big Wave Trading portfolios switched from a SELL to NEUTRAL signal intraday on 6/6/12 as the Nasdaq rose 1.5%+. The heavier volume selling was drying up before the switch and we warned that a switch was coming last week. That indeed was the case this week. If the...
