by Big Wave Trader | May 17, 2011
Weak economic data kicked started the day with Housing Starts dropped more than expected in the month of April. Sellers rushed to dump stocks after the 10 o’clock hour was underway sending stocks to their lows. However, this push was sent the market well into oversold...
by Big Wave Trader | May 3, 2011
News spread quickly Sunday night regarding the killing of Bin Laden. Stock market futures immediately jumped on the news vaulting nearly one percent. It appeared as if the market was going to rally hard, but by the end of the day the market was a far cry from its...
by Big Wave Trader | Apr 27, 2011
The early going was very rocky as sellers took to the market taking down equity prices prior to the 12:30pm EST policy statement and 2:15pm EST press conference. By 11:00am EST stocks hit the lows of the day and began to trend higher. Leadership took a hit prior to...
by Big Wave Trader | Apr 25, 2011
Volume tumbled as stocks took a break after last week’s price run up. The market attempted to breakout and even notched a follow-through type day last week it is not out of the question we’d have a slight pullback. In addition, the market is certainly positioning...
by Big Wave Trader | Apr 18, 2011
At 9am EST Monday morning Standard and Poors (S&P) shocked the market by putting the United States debt rating on negative watch. Futures dropped like a rock as fear gripped the market and selling would not stop there. At 10am EST the NAHB Housing Market Index...
