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…
Monday, Monday…
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…
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…
Was this the test?
OK, we had the test and the grades are in; the support levels passed. The good news is that there is a lot of bad news, both earnings forecasts and…
Down With The Economy!
The party is over for McCain and the bulls as Obama won and the markets sold off today. As mentioned in last night’s newsletter, it isn’t too surprising to see…
The Calm Before The Storm?
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…
Cut One, Cut Two, Cut! Cut!
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…
Large Moves Today, Can They Hold?
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…
Monday Market Report
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…
Market Update
The 13 EMA on the broader index ($SPY) is still a road block for the bull’s journey higher. September 19 was the last time the SPYders were above the 13…