• Volatility Showing Signs of Diminishing

    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 this point. However, a breakout

    By |Published On: October 21, 2008|1 min read|

  • Rally Lacked Conviction

    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, the bulls prevailed. However their

    By |Published On: October 20, 2008|1 min read|

  • One Step Forward, Two Steps Back

    The title of this post probably best characterizes the give-and-take aspect of this market. Many will call it complete randomness, I tend to believe it to be a case study on mass psychological behavior. You have a lot of people scared to death that they will not be long at the very bottom of this

    By |Published On: October 16, 2008|2 min read|

  • Big Bounce But Still Big Doubt

    A lot of people are out there calling a bottom to this market. But I’m not going to. Too much risk remains in the market. Besides the government has gotten everything wrong to this point, what makes you think it will for once get something right now? Remember two weeks ago after the market saw

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

  • Dow’s 1000 Point Swing

    Today was shaping up for another brutal day in the markets. After the initial open where the markets dipped down in an extreme fashion, they managed to recover a chunk of those losses before latewr giving much of it all back. But then something very curious began happening, and we started to see volume and

    By |Published On: October 11, 2008|2 min read|

  • Thank the SEC!

    We warned this morning when the market futures were showing solid gains that the lift of the short sell ban would create some major selling today due to the flood of supply that would hit the markets – and that’s exactly what we got. Which sector you ask that led the way? FINANCIALS! Who do

    By |Published On: October 9, 2008|2 min read|

  • Nasdaq 37% Off Highs

    It becoming very clear, that no one want their money in this market at all and that buyers are running for the exits in mass. As much problems that has already occurred with all of the failed federal interventions and so forth, the last thing the Fed would want to do is talk down the

    By |Published On: October 7, 2008|1 min read|

  • Staggering Like a Drunk

    Probably no better title to describe today’s market action especially with what we saw in the later afternoon where the market erased about 5% of its losses to finish down only 3.9% in the S&P and 4.3% in the Nasdaq. My suspicion for the late day rally was probably in part because of last

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

  • Another Nasty Day

    If Tuesday’s rally had you thinking the worst was behind the financial markets, then today had you second guessing that wild assumption. For the Nasdaq, things only got worse, by closing below Monday’s lows, and to be completely honest there is no sign that a bottom is coming in the near-term. Bailout or not,

    By |Published On: October 2, 2008|1 min read|

  • Sucker’s Rally?

    Most expected a bounce today and we got one. The surprise in matter was the strength of the bounce. However, I wouldn’t make the assumption that a bottom has formed, because the volume doesn’t support it. Today’s rally didn’t convince me that a lot of capital was pouring into the markets trying to bargain hunt.

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