Market View
I mainly focus on the SPX in my analysis as that's what I trade. Here's some charts that caught my eye this weekend. Keep in mind that we have the…
QE3 Complacency
There's no denying that the market was overextended as a result of last week's Fed decision. So far this week we've seen a small pullback in price while many of…
Let’s Get Ready To Rumble!
Two days into the new week and the bulls and bears have taken the gloves off. Monday saw the major indices print new multi-year lows on decent volume. The bears…
Dow Makes Six Year Low
Decent overnight moves higher in the futures fell flat on their arse today as the selling pressure ensued. With tomorrow being options expiration it wouldn’t be too surprising to see…
Oh The Power Of A Bailout
Are we seriously pinning our hopes on another financial bailout; seriously? Last time I checked it wasn’t up to one person to pass legislation but I’ll check on that and…
Uneasy Market Conditions
Wal-Mart ($WMT) put a little fear in the futures pre-market this morning ahead of the weekly jobless claims. Same store sales for Wal-Mart rose 1.7% for December while analysts were…
Indecision, Part II
The FOMC meeting minutes were released this afternoon and it shows no sign of an improving economy any time soon. With the Fed rate at historic lows “at or near…
2008 Is In The Books!
2008 will no doubt be an indelible image burned in the brains of many, both in and out of the market. The Dow Jones Industrial Average lost 35% this year,…
Bulls Having Trouble
$GE is being largely blamed for the downside movement today in the equities market as it was hit with a negative ratings outlook. The stock itself lost about 8% with…
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…