by Big Wave Trader | Mar 20, 2013
Positive housing data kicked off the trading day with Building permits jumping higher than expected. However, it was just after the 10 am hour the market dove as CNBC blame worries over the Cyprus bailout. Volume started the day off light despite the positive housing...
by Big Wave Trader | Mar 19, 2013
Over the weekend the biggest news story was the Cyprus Bailout news. The terms of the bailout had depositors losing roughly 10% of their deposits. World markets reacted negatively from Asia to the US, but unlike Asian markets Europe and the US markets were able to...
by Big Wave Trader | Mar 15, 2013
Once again the Dow was able to close higher as volume jumped on the day. It was nice to see volume expand above Wednesday’s level. However, volume remained well below its 50 day volume average. We can’t have everything. Jobless claims fell less than expected a sign...
by Big Wave Trader | Mar 13, 2013
A surprise uptick in consumer spending helped boost the market in the early going. Advanced retails sales jumped in the month of February by 1.1% (seasonally adjusted) much more than the expected .5%. Import prices rose 1.1% more than the expectations, but retail...
by Big Wave Trader | Mar 12, 2013
$SLCA has been a leading stock in this market rally. After the bell yesterday the company announced a new share offering and supply of the stock is proving to be too much for the stock at the moment. The broad market is pulling back in heavier trade. We are tracking...
