The market gave back a lot of points and broke a short term trend line on an intraday chart, but we are only back to the levels from one week ago. The media paid no attention to the 100+ point … Continue reading →

The market will be reported as having had a good day because of the 89 point gain on the Dow. But the story was awful: the Russells closed below yesterday’s low. The transports lead the way down. Breadth was negative … Continue reading →

The 12 handle sell off in the Es from 1558 to 1546.25 occurred before Regular Trading Hours. Through out the day, the market rallied all the way back- confounding the shorts. The advance was OK with 1596 advancers to 1425 … Continue reading →

Why the IMF can’t lend directly to Spanish banks: FT see also Why Germans don’t want to bail out Greece: Seeking Alpha Spain’s spending by the numbers: Channel 4 Japan growing GDP by leaps and bounds: WSJ New capital rules outlined … Continue reading →

Take a look at the info on Nasdaq’s site about its Nat Gas Index (XNG), and you’ll see why the retail investor is skeptical of the stock market. The third component isn’t even listed and the sixth is Enron. Ken … Continue reading →

I have distain for politics and politicians, but they are market moving forces these days so we need to assess their policies’ impact on the market. Every candidate has said they would immediately fire Bernanke. They reason- the money printing … Continue reading →

In trading, receiving and comprehending the latest news quicker than somebody else is what gives you “the edge”.  But we live in a world submersed in”Breaking News!” The problem with the internet and a 24-hour news cycle is that it has taught … Continue reading →

As the market approaches its 52 week high, we have to wonder: is a debt ceiling resolution already priced in? “Priced in” means every market participant that assumes a resolution will lead to upside has already bought all the stock … Continue reading →

YUM is next up to report. I’d sell this thing before it reports tonight. Here’s why: it’s got a 13% growth rate and sells at almost 20x.  They have 37,000 restaurants, mixed between franchises and company owned. That makes YUM … Continue reading →

The market MUST rally today and fill the gap. As of right now, a little before 1pm, I think it’s likely. It hasn’t fallen apart yet after the abysmal Non-Farm Payroll release. A completed island reversal would be extraordinarily bad, … Continue reading →