Indecision 2009
The official first day of 2009 with full market participation shows indecision as a doji formed on ok volume. No real economic events occurred today and not much in the…
Market Treadmill
The bulls put in a hard day’s work and not much to show for it on the candles. That doesn’t mean we are headed lower, just means that we had…
The Next Big Thing From Uncle Sam…
The biggest catalyst today was the announcement that the government, along with the mortgage industry, will be helping those hurting. The idea is that the “troubled loans” that some homeowners…
Post election sell-off?
The current debate going on is whether today’s rally was due to the presidential election or the belief in a year-end rally. I’ll add to the debate by throwing out…
Is there a dead cat in that barrel of oil?
With all that’s been going on in the credit markets lately it seems that oil gets a sound bite here and there and not much more. Oil ($USO) has sold…