The market is marking time; with no good news expected anytime soon, there is a bias to the downsid
February 15th, 2009 · No Comments · Markets
December 14th, 2008 · No Comments · Markets
Despite a barrage of grim news eg: failure of autobailout in the Senate, the market rallied. Generally an indication that a bottom is probably in. Dec 12 was also a full moon day.
November 30th, 2008 · No Comments · Markets
The market has risen from the low of 739 . . . suggesting a pullback in the next two weeks.
November 16th, 2008 · No Comments · Markets
For the last 3 months the US markets have been trading in a range – S&P500 futures between apporximately 1060 and 820. Absent any good news, there is a better than even probability that we may visit new lows in the next 6 months.
November 9th, 2008 · No Comments · Markets
A historic US election overshadowed all market news.
November 2nd, 2008 · No Comments · Markets
Although the market has made lower lows during the last two week, it appears that much fewer sellers are left these levels. Shorter-term technical analysts would argue that a tradeable bottom has been established and the Crash of 2008 is over. In addition to the major decline in the financials(XLF), precipitated by the sub-prime real […]
October 19th, 2008 · No Comments · Markets
The S&P500 futures posted a major low around 9:15 CST on Friday October 10, 2008 of 837.00. The alltime high was 1586.75, almost exactly a year ago October 11, 2007. The low is 52% of the high – a sobering fact !
October 12th, 2008 · No Comments · Markets
A major down move this week . . . key global players meet this weekend to act . . stay tuned ! Berlusconi Says Leaders May Close World’s Markets (Update1) By Steve Scherer Oct. 10 (Bloomberg) — Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they […]
October 6th, 2008 · No Comments · Markets
The day started with a large gapdown and proceeded straight down . . . the low was a critical level and the rally in the afternoon suggest we may have a tradeable bottom . . next few days will be critical.
September 28th, 2008 · No Comments · Markets
A volatile week . . . with Congress working on the Pualson Plan, expected to be completed Sunday September 28, 2008. Stay tuned for more continued volatility.