Daily Analysis

August 27, 2008 Markets were rather stagnant held up by a descent durable goods report. Oil is increasing and is likely to see more of the same in the days ahead, until Hurricane Gustav finally decides what it will do out there in the Gulf. There are a few reports already stating that the off-shore

August 26, 2008 Markets finished in mixed fashion today as there was little news to move stocks in either direction. However, we could see oil pick up some steam in the days ahead as Hurricane Gustav approaches the U.S. and the heart of oil production (i.e. Texas and its off-shore rigs). If Gustav gets anywhere

August 25, 2008 After three solid days of gains to close out last week, the market gave back all of those gains in one, single sitting. Financials led the way to the downside, followed by a minor uptick in oil prices. Anytime those two forces move together, it becomes an uphill battle for Wall Street.

August 22, 2008 Solid way to end the week, we have oil selling off in a dramatic way, which was the main inspiration of today’s rally. Especially after oil had rallied strong the day before, and had Wall Street thinking that all of the selling of late was done and over with. But like so

August 21, 2008 One of those days in the market today, where you might have rather watched grass grow then the ticker tape. Nasdaq down and the S&P up, and neither by any great amount. What was the headlines? More worries about the financials, but let’s be honest, Wall Street is going to be

August 20, 2008 Despite the winds and heavy rains brought to us by Tropical Storm Fay (over 17” worth in 36 hours) we, nonetheless, press on to provide you with the daily market analysis. So today’s market action was predominantly driven by some short covering late in the day mostly in the financials, which isn’t

August 19, 2008 Yesterday it was asked exactly where was the volume to support the market’s recent selling. Today, the bears responded with a descent amount of volume as the broader markets sold off to the tune of about 1% on the day. You have a moron journalist at the Times acting as if they

August 18, 2008 We’re not trying to make light of the sell-off that we saw across the entire market today, however, at this point, can we look at this sell off as anything other than a light volume pullback? I don’t think you can. Each sell off, no matter how extreme it is, continues to

A mild day to close a rather volatile week. We added more to our long positions and created a new position, that is similar to the setup that we saw in Amazon (AMZN) from earlier this week (a nice 10% gain for us in just a couple of days). Overall, the action during the

It was important for the bulls to fight back today and show that the previous two days of selling was merely a dip in a broader market rally. However the only thing we weren’t too crazy about was that the market continuously sold off as the afternoon wore on. But even so, it wasn’t anything