• Hedge Fund Redemptions Lead to Late Day Sell-Off

    Hedge Fund Redemptions continue to dictate market action, and continues to do so during the last 15 minutes of each market session – just as we saw today. Now the markets are setting up for a major show down much like we saw last week. The technicals working in the bulls favor, is that almost

    By |Published On: November 17, 2008|1 min read|

  • Showdown at 850 goes to the Bulls

    Huge day for the bulls today. You saw where on an intraday basis, the stop-losses started triggering all at once plunging the indicies over 3% each. But that was a good thing actually in that, it wiped out in one fell swoop, a lot of the weak hands, and left nothing but buyers to

    By |Published On: November 13, 2008|1 min read|

  • Inverse Head and Shoulders Have Bulls Excited

    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 see the bears, once again,

    By |Published On: November 11, 2008|1 min read|

  • Wall Street Receives a Traditional Dead-Cat Bounce

    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 being somewhat of a

    By |Published On: November 8, 2008|0 min read|

  • Major Sell-Off, Take Two

    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 to the fact that we

    By |Published On: November 6, 2008|1 min read|

  • Wall Street and Obama Square Off

    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 usually take some time to

    By |Published On: November 5, 2008|2 min read|

  • Is This Rally Legit?

    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 that those problems that still

    By |Published On: October 30, 2008|1 min read|

  • Don’t Throw Caution to the Wind

    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 going to use it to

    By |Published On: October 28, 2008|1 min read|

  • Investor Breathe a Sigh of Relief

    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 that said, it is becoming

    By |Published On: October 24, 2008|1 min read|

  • Bears Flex Their Muscles

    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 opporutnities to sell into strength.

    By |Published On: October 22, 2008|1 min read|