Is the FOMC Santa or the Grinch?
Since the S&P 500 hit its high off the March lows on November 16th it has done nothing but consolidate in a tight range. Take a look at the chart…
Is That Smoke I Smell?
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…
Bad News Already Priced In?
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…
Working Into A Corner
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…
Pivotal Week Ahead
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…
The calm before the storm?
The bulls will argue that of the record gains yesterday, today’s lower close is just a rest stop before another surge higher. Take a look at the breadth chart below…
Dead Cat Bounce or something stronger?
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…