Manic Rally!
The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled last week. Now, after today’s manic rally, we are back above that level. Keep in…
The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled last week. Now, after today’s manic rally, we are back above that level. Keep in…
Anyway you look at it, 6 or ½ dozen, the equities markets have crashed. With two and a half months left in 2008 there is an uphill battle to just…
When you’re not trading you find fun things to do and I did today. I started looking at short ratios for certain stocks that have decent volume and within a…
The $941.50 level I pointed out in the broader market (78.6% retracement) was steam rolled today. It is truly amazing how the markets aren’t even paying attention to technical levels.…
Well, remember that screaming toddler (the equities market)? Instead of giving them the bag of candy (full point cut) they were given a handful (1/2 point). The problem is, that…
About an hour before the market closed we got the reading of consumer credit from the Fed and it was just as expected. That's right; the consumer has put a…
The equities market wants an interest rate cut by the Fed and they want it yesterday. It was apparent that, much like a screaming toddler, the equities market was disappointed…
Bank of America ($BAC) came out and gave an earnings report (SURPRISE!) and it wasn't pretty. However, they have held up relatively speaking to its peers and they are offering…
Holy Cow! Was this the day that could be considered the capitulation day that the media has been talking about? The trading ranges on Friday and Monday are some of…
The major indices are suffering some substantial losses as we enter October with the Nasdaq leading the way lower. This past week the Nasdaq lost 10.8% and brought the year-to-date…