Walking Lightly
Yes, today’s price action in the Dow and the S&P was the third straight day of gains, but we formed a black candle in the broader market. The black candle…
Yes, today’s price action in the Dow and the S&P was the third straight day of gains, but we formed a black candle in the broader market. The black candle…
Today’s price action, along with Friday’s, should give you an indication of just how beat down Wall Street is. On Friday we had the news of President-elect Obama’s choice for…
Another week, another loss for the major indices. The Dow finished the week down -5.3%, the Nasdaq lost another -8.7% and the S&P 500 sank another -8.4%. The big loser…
I'd like to take a look at this week's move in the broader market ($SPX) and see what happens tomorrow with options expiration. To do this, I'll take the high…
It’s official! The broader market has given back 5 years of gains today as the relentless selling pressure continued, even into the close. Take a look at the chart below…
No gas for the bulls as yesterday’s meager attempt to buy some lows was met with fierce selling today. In fact, the broader market ($SPX) closed at its lowest point…
OK then, looks like we have a change in the scenario as the major indices decided to climb higher today in the last hour of trading. Actually the broader index…
More of the same today as late selling pressure shows the mindset of the market—in and out on the same day. Not too surprising given that we have the Producer…
Add another tick to the losing side of things as the major indices couldn’t hold onto any gains this past week. There just isn’t enough conviction on the bull’s part…
There are a few good catalysts this week in the form of the Producer Price Index (PPI) on Tuesday and the Consumer Price Index (CPI) on Wednesday. Both of these…