Market Analysis

The title is a little bit of an exageration, but we are actually on pace to have a positive week for once. It’ll be interesting to see if “Freaky-Friday” squashes those hopes or actually gets its groove on and adds to the misery of the shorts out there. Speaking of shorts, we’re not to anxious

I really like the action that we got out of the market today. Strong volume along with decisive price action. However this is rally is hard to get behind with what we have seen of late from recent rallies. Namely last Wednesday’s rally and the one from the week prior, where the following day, the

It was Greenspan, who on December 5, 1996, coined the phrase, “Irrational Exuberance” at a speech given to the American Enterprise Institute. Today we are seeing the exact opposite of which, Shareplanner calls “Irrational Apathy”. The markets continue to sell-off beyond what seems possible – to the same extent that the Nasdaq in the

I have to admit I was expecting more out of today’s market bounce. And heading into the last half hour, it looked like we were going to get exactly that. But either the bears are too excited to pounce on a day’s gains or the bulls are to nervous to hold their rare one-day gains

The market continues to meltdown, and the selling seems to have no end. The S&P broke its November lows, and the Nasdaq is on its way there. One interesting item of note however, is that while the S&P created a decisive break of the lows, the Volatility Index (VIX), is creating an extreme

Bernanke’s words before Congress made him seem like the most level headed person in Washington. He warded off the notion that the feds would step in and nationalize the Citigroup (C) or Bank of America (BAC). He also gave some optimism at the prospect of a turnaround in the economy by year end.

After a huge sell-off that broke through a major support level on both the Nasdaq and S&P, its beginning to look as if we are going to test those lows from last November. What will be interesting is how much further this market goes down if the bulls don’t step in to hold the

Classic ‘buy the rumor-sell the news’ action we saw today, where as soon as Geithner started talking, the Dow began dropping in 100 point clips. Which is exactly the same response that we got when the last stimulus bill was past late last year. The Nasdaq was due for a sell-off as it was

Might not seem like it, but the Nasdaq has rallied about 5% so far this week, and heading into the jobs report tomorrow, do we think that the market can continue the momentum? Not likely in my opinion. Whether or not the market sells off tomorrow, remains to be seen, but one thing is

Looks as if the Markets were still working off their hangover from the Super Bowl last night because it was staggering all over the place today, and the indices all were operating apart from each other. Looking at the daily charts of the Nasdaq and S&P, there is no real indication where the markets