Daily Analysis

May 15, 2008 The price of oil was once again on the forefront as it managed to finish down on the day. Wall Street is watching the price of oil very closely, as the higher that prices rise, the less able that consumers will be able to purchase their iPods, big screen tv’s, and other

May 14, 2008 The market got off to a solid start today on the easing of inflation fears, as oil once again saw strong selling. If you take a look at the charts, especially OIH, a double top is beginning to form, with the 2nd top on much less volume and enthusiasm than the first

Mixed day in the market overall today, which doesn’t give us much to write home about. Nonetheless, a positive retail report along with some acquisitions in the news created some good feelings across the market, while Wal-Mart reported solid earnings but left questions as to its future earnings growth. Overall, the NASDAQ appears to be

Finally a day in which oil shows some weakness, which is undoubtedly welcomed news to consumers. There were also some feel-good reports that the worst may be over in regards to the credit crisis. In regards to oil though, the price increases seen in this commodity have been off the charts, and will likely see

May 9, 2008 News that AIG would need to raise some capital and the old familiar story of soaring oil prices in response to some wacko in some foreign communist country who wants to dominate the world and destroy the United States and its allies in the process, sent the markets down today. But most

May 8, 2008 The bulls wouldn’t let the bears sustain any momentum today despite another record close for oil. Heading into today it was anticipated that the market would continue to see weakness as it looked for excuses to sell the recent rally. However, for the day the S&P 500 bounced between the unchanged mark

May 7, 2008 We got enough negative action out of the markets today to keep Wall Street honest. Some not so hot economic reports were setting the negative tone for the market’s action. NASDAQ, heading into today, had been acting as if it would just continue to soar higher, as well as the other major

May 5, 2008 Microsoft withdrawing its buyout offer to Yahoo! dominated the financial news today and weighed heavily on the markets spending most of the day in the red. After hours showed Yang, in an indirect fashion, admitting that his game of hardball probably wasn’t such a smart idea and is willing to re-open discussions,

May 2, 2008 The markets finished in split fashion this week after posting solid gains the day before. For the week, the markets were very strong after a slight pullback early on. Friday gave more positive feelings to the market and in the short-term ‘feelings’ are what drives Wall Street. A better than expected job

May 1, 2008 The old saying, “Sell in May, Go Away” looked a bit outdated with the way the market surged forward to open up the month. A few good reports, strength in the dollar, and a drop in oil prices gave strength to the overall market, with the major indices finishing over 1.5% with