Pre-election doldrums
Today’s price action shouldn’t be too surprising given the history that will be made tomorrow. Yes, that’s right, everyone that’s a citizen of the US should be voting tomorrow as…
Today’s price action shouldn’t be too surprising given the history that will be made tomorrow. Yes, that’s right, everyone that’s a citizen of the US should be voting tomorrow as…
What a great week for the major indices as they all posted double digit gains. In the week prior to the presidential election we saw an impressive bounce (or rally)…
Somebody slipped a Mickey Finn in the drinking fountain at the NYSE today. Seriously though, it was one of the calmest trading days in several weeks. The volume wasn’t through…
Today we saw the major indices trade in a narrow range up to the FOMC announcement. It was only in the last 30 minutes of trading that saw the selling…
The financial sector has an ETF that tracks the sector ($XLF) and it had a whopping 15.7% gain today. In fact, today’s gains in the ETF are the largest ever…
Whoa Nelly! Out of the last 4 weeks of trading there have only been two days that the Dow hasn’t had a triple digit move up or down. I expected…
No capitulation today, like some were hoping for, but rather a wide range of trading for the most part. All three of the major indices ended at their lows for…
Not knowing the ramification of letting Lehman fall into bankruptcy, the Fed began purchasing commercial paper today (something Lehman did extensively). These short-term loans that businesses use to fund their…
Not the best of weeks for the equities, but with Friday’s limit down action in the futures it could have been much worse. The major indices were DJIA lost 5.3%,…
Friday's pre-market angst was surreal to say the least. Luckily we have three trades open, one that is free, one that we have plenty of time remaining in, and the…