Daily Analysis

April 30, 2008 April comes to a close and what better way to do it then by adding a little Fed-driven volatility. At first the market seemed to like the FOMC statement, but late in the day we got a sell-off that put the indices in negative territory for the day. No clue as to

April 29, 2008 Once again investors are weary of putting any money to work ahead of the Fed meeting tomorrow as the indices traded in a sideways fashion. With that said, expect tomorrow to also be especially quiet heading into the announcement. However, once the news hits the wires, computer buy/sell programs will most certainly

April 28, 2008 Quiet day on one of the weakest volume days of the year as investors are staying on the sidelines until the FED makes their interest rate announcement. It is widely expected that the Fed will cut by a quarter of a point, which means that market reaction will likely be tied to

May 28, 2008 We continue to make steady progress on the charts. But we need to see the indices (NASDAQ and S&P) break the highs established earlier this month. In one of our weekend articles we wrote about the prospect of oil’s bubble popping in the near-term. Well we’ve seen some selling in oil this

April 21, 2008 Little excitement today in the markets as we finished in split fashion. Tomorrow should see much more volatility as a number of companies report earnings coupled with a retail and housing report. The indices are looking a bit top-heavy and may be due for a pull back of sorts. We’ll see what

March 28, 2008 To end the week, the market left a sour taste in the mouths of investors. Faced with continued worries over the state of the economy and the ability of the financial markets to weather the storm, the market used today to give back some of the gains that it has made over

March 27, 2008 Everyone knew that it was bound to happen, that all good things must come to an end, or in Wall Street’s case, at least give back some of the recent gains that have been made. The culprit behind today’s rally was a severe slow down in the GDP, showing the economy progressing

March 26, 2008 Another batch of economic reports today gave reason for investors to pause; a durable goods report missing expectations and showing further weakening in the U.S. economy, followed, by another sour New Home Sales report, had Wall Street selling for much of the day. Today’s action provides further reinforcement that we are not

March 25, 2008 For most, it was expected that the market would continue its rally, but instead we got a day in which the indices finished in mixed fashion. However, encouraging to investors was that the market was able to put aside a report showing consumer confidence slipping and another showing that housing prices continuing

March 24, 2008 JPMorgan Chase (JPM) is showing itself to be a more effective manager of the economy then the Federal Reserve. In fact Bernanke and Co. may want to watch closely at how well JPM is doing at single-handedly restoring confidence in the market. All kidding aside, the market had another solid day