Chalk up another one for the bears. A mid-day rally on news of further assistance being sent to Fannie and Freddie, while also helping existing home owners in trouble of defaulting on their mortgage. The news that broke mid-day actually saw the markets erase most of its losses, only to [...]
Light volume day on Wall-Street today, which over-shadowed the descent gains that were made across the board. More than anything, today’s action in the markets is likely to be no more than a dead-cat bounce and we’re probably to see more of the same next week (I guess I am [...]
The bears are making their intentions clear and they are doing so by ending the six-day party enjoyed by the bulls of late. Now investors are fretting once again, but the kind of fear that we saw a few weeks ago isn’t quite there yet – probably in large part [...]
Maybe the title is a bit of an exaggeration, but new presidencies always bring jitters to Wall Street regardless if the President is a Republican, Democrat, Whig, Federalist, or none of the above. Simply put, uncertainty creates profit taking, and profit-taking creates selling pressures, and as a result the markets [...]
Here are some new ETF’s that will be hitting the market tomorrow (11/5) in a ground-breaking fashion. These ETF’s will provide 3x the returns of a particular index that it is tracking or it will trade 3x inversely. I’m not sure as to how popular they will be right off [...]
We’ll get straight to the point…it is highly unlikely that this market has finally turned the corner and is now pressing forward. There are far too many variables stacked against this market, to think that it can move upwards without investors having confidence that the worst is behind us and [...]
Release Date: October 29, 2008 The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business equipment spending and industrial [...]
While we were right about the bears losing their aggression heading into Tuesday’s market session, we do not believe that they are closing up shop; meaning the rally that we saw today will be used as an opportunity to reload their short positions. And like we said before, we are [...]
Just as we had expected, with futures down so much in the premarket and all the chatter on CNBC about curbs kicking in once the Dow hit 1100 down, that the Dow finished down only 300 points. It’s unbelievable how much hysteria those people create on the business networks. With [...]
All those bottom callers got an ugly dose of reality today, as they now have to question themselves as to whether this market is really capable of hanging on to the recent lows. There are still a lot of unsettled nerves out there, and investors continue to seize rallies as [...]
This market continues to become increasingly erratic. Direction is at the flip of a coin…or so it seems. There is however consolidation occurring near the lows, whether it bounces and breaks this downward trend or is nothing more than a continuation pattern to new lows is difficult to say at [...]
I’ve got to admit, today’s price action had me surprised – even with futures indicating a strong open, I still thought we would see the markets give those gains back before the end of the day, and while there were a few attempts throughout the session to drive prices lower, [...]
