Daily Analysis

July 16, 2008 From the very start, with Wells Fargo posting a solid earnings report, and oil slumping – the two areas that have driven the markets to two-year lows, made it near certainty we would get a huge day from the markets. However, despite today’s solid gains, we still to tread carefully. Mr. Market

July 15, 2008 Today’s action and volatile swing in the indices can be attributed to the “Fearsome Threesome”. The market got a dose of all the powers at bay, with commentary from the Uncle Ben (Fed), my Cousin Paulson (Treasury Secatary), and the Grandpa Cox (Head of the SEC). The tone of the stock market

July 14, 2008 Today was very interesting in the action that we got from Wall Street. Solid opening followed by an immediate sell-off, tells me that the bears will continue to use any market rally to reload their short positions. The fear in the market is becoming widespread, which makes us very cautious in going

July 11, 2008 Undoubtedly this was one of the most bizarre market sessions that I have seen in years. Freddie Mae and Mac both were looking at 50% declines to start the trading session, which had the market staring at 2% declines across the board. But throughout the day, Freddie Mac (FRE) was able recover

July 10, 2008 For the purposes of day-trading, today couldn’t get any better, with the handful of shifts in turns throughout the trading session. What stood out most were the attempts by the shorts to push the markets lower – once in the morning and then again in the afternoon, but each time, the bulls

July 9, 2008 Here’s the leading sentence published by the AP, and tell me you haven’t heard this one about a zillion times in the past year: “Wall Street tumbled Wednesday as investors grappled with renewed worries about the soundness of the financial sector.” So are these worries “renewed” or are they really just “sustained”.

July 8, 2008 Time and time again this year, we have seen major sell-offs followed by meaningless dead-cat bounces that only put off the inevitable. So the question is should we think any differently about today’s rally. Simply put – No. Oil has risen higher and faster than we ever thought possible, and yes, it

July 7, 2008 Even with oil down substantially today, Mr. Market still couldn’t provide investors any kind of solid rebound after six weeks of consistent declines. Instead, Fannie Mae and Fannie Mac stunk up the financials while Starbucks and MRK demoralized pretty much everything else. Some analysts out there are already trying to make amateurish

July 3, 2008 Well yesterday was another day that showed signs of orderly selling, but not panic dumping. It was unlikely that many investors wanted to be brave today and get on the long side. However, the markets where able to keep a positive breath throughout the day, on the back of a strengthening USD

July 2, 2008 The selloff today coincided with a spike in oil prices, like we have begun to get used too, which closed at a new record high once again. As for now this market is being held captive by oil prices and will not rally until crude sells off. In fact the bear market