Today was probably more of a rally due to the general markets being oversold, than it was about the markets having a sudden change of heart in regards to the conditions affecting our economy and stock market. However, I wouldn’t be surprised to see some a few more days of [...]
Watching grass grow would have been equivalent to sitting in front of a computer monitor following the stock market today. Nothing major, but conditions are starting to look positive for the bulls to put together a rally of some kind, as we saw a nice uptick in volume today, not [...]
Let’s just say that was a pretty bad jobs report today, which obviously was the main driver for the market going down so hard. Believe it or not though, had this report come out about in November or early December, the markets probably would have gone down 8-10%. Instead the [...]
It’s a new year, and the question everyone has on their mind is whether this is the year the market will finally recover. No one quite knows, but I do know this, that a majority of “Market Experts” believe that the S&P will finish up between 10% and 20%. What [...]
With it being the week of Christmas, you can expect investors to take some time off this week, especially after the year the market has had – so don’t expect a lot of heavy trading, because it isn’t likely to happen. Today was a light volume day, that continues to [...]
Big time play by the Fed to assuage investor fears over the putrid economic conditions the United States is currently facing. Cutting rates between 75 and 100 basis points is huge and will likely reverberate across international markets. Its likely too, that other countries will step up their efforts in [...]
Release Date: December 16, 2008 The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production [...]
From a technical standpoint, another solid day for the market even though the major indices finished in the Red. Reason why we say this is that in spite of one of the worst financial scams of all-time with Madoff robbing investors of roughly $50 billion – and yet we have [...]
It’s interesting how after some $2 trillion has been spent on trying to turn this economy around, the bulls still look to Uncle Sam to spend enough money to fix it. Eventually Congress will agree on a deal, it has to – it’s in its blood to bail these companies [...]
That darn 50-day moving average provided enough intimidation for the bulls that they decided to lock in recent profits and retreat to the nearest exit. However, for a good portion of the day, the indices were trading in positive territory before finally caving in. The S&P and Dow Jones had [...]
Well, it looks like the market’s momentum has finally turned the corner. The bulls have broken the downward trend, put in a new “higher-high” and looks poised to continue building on its most recent gains. At this point, I would not assume that the market is done and over with [...]
Incredible turnaround for the bulls today as they trampled the bears into utter submission. This could be a trading day that we look back on and say that this was the day when the bulls finally said “Enough!” Unfortunately, there is no way to know that in the short term. [...]
