Pre-Fed Jitters
On the eve of the FOMC statement the market is usually ambivalent as there is concern that the Fed won’t do what the market wants. With only 100 basis points…
On the eve of the FOMC statement the market is usually ambivalent as there is concern that the Fed won’t do what the market wants. With only 100 basis points…
It would appear as though the major indices are giving a lot of credence to the auto industry bailout as the Senate failed to pass the bill and the overnight…
Look at the option chains for the stocks listed below as their option activity has seen some tremendous increase today. Typically you can see what others are thinking by looking…
The major indices finally gave in to the bad economic data out there and the probable failure of the automobile industry bailout bill in the Senate. If the recent gains…
A bit of indecision in the broader market today but the bulls did manage a small gain after gapping up at the open. Look at the option chains for the…
Indecision is the word of the day as the broader market did have 1% gain, but most of that was from a gap up. For the day a nice doji…
Some selling pressure in the markets today after two days of gains. Keep in mind that we are in a bear market. Look at the option chains for the stocks…
So much for that new level of support in the broader market ($SPX)! No news to shock the markets and we fall right back down after making a higher high.…
The week is off to a bullish start with the major indices all making some nice gains today. With no economic data today the markets reacted to a couple of…
Despite a few nice gainers this past week, the major indices still turned in a losing week. The Dow lost -2.2%, the Nasdaq lost -1.7%, and the S&P 500 lost…