by Big Wave Trader | Apr 4, 2013
Distribution struck the market today with leading stocks taking a big hit as Small and Mid Caps lead the major market averages lower. A disappointing ADP employment figure casted doubt if Friday’s Non-Farm payrolls would exceed expectations. At 10 am EST the ISM...
by Big Wave Trader | Apr 1, 2013
Not the best way to start off the second quarter despite the Dow Jones Industrial average closing flat on the day. European markets weren’t open due to the Easter holiday, but Asian markets were. Disappointing economic data hit the tape as the ISM Manufacturing and...
by Big Wave Trader | Mar 29, 2013
The market was hit with disappointing GDP and Jobless claims figures prior to the market open. Then again just after the open with a very disappointing reading from the Chicago PMI. Despite the disappointing economic reports the market as able to find enough buyers to...
by Big Wave Trader | Mar 28, 2013
European stocks fell hard on Cyprus fears and continued economic slump the Southern Europe states are in. Cyprus, Italy, Spain, and now Slovenia are in the midst of falling stock markets and higher cost to insure debt. Pending home sales were slightly disappointing,...
by Big Wave Trader | Mar 21, 2013
European markets were dealt with poor flash PMI data with France flashing a very weak PMI figure. Futures were set to open lower ahead of the 830 data release. Despite a better than expected Jobless claims figure and inline housing price index futures simply couldn’t...
