Daily Analysis

June 16, 2008 Heading into today, no one was sure what to expect from Wall Street, as last week was filled with a volatile, see-saw action between the bulls and bears. But with oil spiking like it did early on, there was that feeling that we were staring at another potential 200-point day to the

June 13, 2008 Don’t be fooled by today’s action. First, the volume was weak, so there wasn’t a lot of conviction by buyers with today’s rally. Secondly, most of today’s buying was on the part of short sellers covering their positions. If you’re not sure what short selling is, just read about it in our

One of the best retail reports in six months, wasn’t enough to keep the markets up for the day’s entirety. In fact by the end of the day, the major indices found themselves in the red before rebounding in to the positive to close the day. It should be no coincidence either that oil happened

We’re looking at a perfect storm, in which spiking oil is leading to higher prices and therefore causing inflation, coupled with a financial crisis with your banks and lenders that has led to a near financial meltdown. With these two factors, the U.S. now faces a stagflationary environment where two unlikely bedfellows, inflation and a

June 10, 2008 Interesting day we had on Wall Street. Futures were point to a very weak start, only to see the bulls close the gap before the bears finally pushed the indices back slightly in the red. To say the least, the bears need to pick up the pace some if they are going

June 9, 2008 Not surprising to see oil down on the day after the day it had last Friday, however, investors weren’t about to jump on board with the market today. Instead we saw a lot of sideways action as the markets finished mixed. Friday’s sell-off has caused investors to put their capital on the

June 6, 2008 For most of you out there, today was a terrifying day and rightly so with oil spiking higher than we’ve ever seen, and unemployment data that showed even more people without jobs. While we have managed to stay clear of a recession at this point, we will nonetheless get there if matters

June 5, 2008 Just what the doctor ordered for the bulls today. The major indices rallied nearly 2% across the board. If you didn’t get spooked out of the market in recent weeks you were making some nice coin in today’s action. Going into tomorrow, if we have a solid day of follow-through, then sentiment

June 4, 2008 The summer time can bring some of the most unpredictable and abnormal trading behaviors of the year, and today was no different. This week has been driven by rumors in the financial sector that are by and large unsubstantiated. To say the least, investors are nervous about getting long in this current

June 3, 2008 While it looked as if it would be a rather quiet day, when 1:30 rolled around, the computer sell programs kicked in and sent the markets down in a heartbeat. Though the markets managed to close off of their lows, and even saw some buying interest in the later parts of the