Daily Analysis

December 28, 2007 If today’s market action (assuming you were paying attention) made you yawn, you weren’t alone. After opening strong, on the belief that the market sell-off over the assassination of Bhutto was overdone, the market quickly gave up those gains to a weak New Homes Sales Report. We were correct in assuming that

December 27, 2007 After a few days of strong rallies, the market possessed a bearish bias today as a result of combination of geopolitical unrest in Pakistan and a lower than expected durable goods order report. However, although the last hour selloff accelerated losses, Wall Street traders and portfolio managers didn’t cancels their vacations to

December 26, 2007 Market opened low to start the day, and from there it rallied into the close. All of the major indexes finished in the green, with the NASDAQ leading the way. Strong sign for the market as investors were able to ignore the not so merry news that Christmas retail numbers were at

December 21, 2007 Pessimism and fear had its way with investors but the tide has changed as of this week. A number of interesting developments has occurred that alleviates investors of their fears. First is foreign capital being infused into the banking system, second the Fed and other Central Banks around the world helping the

December 20, 2007 A strong earnings report that exceeded analyst expectations sent the NASDAQ soaring today and leaving all the other indexes far behind. For the Dow and S&P the action is identical to the previous two trading sessions, in which the markets open the day strong, followed by a midday selloff, and then a

December 19, 2007 Almost identical to yesterday, the market opened up strong, sold off, and then at the end of the trading session, the bulls managed a meager rally to close out the major indexes in a mixed fashion. In other words, it was a breakeven day. There were some interesting news items to note

December 18, 2007 There you have it: clear indecisiveness on the part of investors in determining market direction. Without a doubt the market is in oversold conditions and we should have some positive days ahead of us with that being the case. However, a solid bounce over the course of the next couple of days,

December 17, 2007 The atmosphere on the floor of the New York Stock Exchange couldn’t be any gloomier then it is right now. Investors and traders alike are starting to realize that a storm is on the horizon and that they are ill-equipped to weather it. The word stagflation, which is an environment of inflation

December 14, 2007 This Friday’s selling session had an eerie feeling of past Friday’s; namely of those back in November where they were accompanied by heavy selling. This day was no different. After an early attempt by the bulls to fade the gap, the bears took over and never looked back. Major indexes sold off

December 13, 2007 Futures this morning provided a gloomy forecast for the day ahead. But fortunately for the bulls the rain clouds went away and the market finished the day in a mixed fashion, with the NASDAQ finishing in the red. With the recent volatility, today provided some relief for the market, enabling it to