Sign inRecent Commentaries tagged (financials)
Good & Bad
Money supply is up which is good news for the markets. However the market is trading sideways as unemployment and cost cutting techniques both remain to be issues. The market may have a little more upside but I do not believe job s will start reappearing anytime soon. Also, other countries may...
Lottery
The Yen could break out over the next few days and is currently trading at 1.13. The stock market wants to make a bullish move but is still worried about jobs and factory orders. My idea to take lottery winnings and create more slot machines at airports could really help the American people....
OPTION TRADE OF THE DAY-US 30 YEAR TREASURY BOND
OPTION TRADE OF THE DAY! 2-24 June T-Bonds are in a downward progression and yesterday’s action fulfilled the markets digestive needs. We are positioning ourselves to take advantage of the perception of lower bond prices due to higher...
OPTION TRADE OF THE DAY-US 30 YEAR TREASURY BOND
OPTION TRADE OF THE DAY! 2-24 June T-Bonds are in a downward progression and yesterday’s action fulfilled the markets digestive needs. We are positioning ourselves to take advantage of the perception of lower bond prices due to higher...
FDIC Problem Banks List Balloons: What Recovery?
Banking industry regulator Federal Deposit Insurance Corp. released a new tally of at-risk banks which places the total at 702 banks, or nearly one in every eleven FDIC-insured banks. The banks on the list for the fourth quarter 2009 have assets totaling nearly $403 billion. This is the...
Consumer Confidence
Consumer confidence numbers were expected to be around 55-56 and came in at 46. Let’s talk real for a minute. The big banks, hedge funds, and traders do push their weigh around in the market and can set markets up or down. However, we the people the consumers run the show. If people are not...
Jim Wyckoff's Early Morning Blog--Friday
Friday, February 19--Jim Wyckoff's Morning Web Log ****Note: I am out of the office today and my friend andfellow trader/analyst Ken Seehusing is producing today's report. Jim OVERNIGHT/EARLY MORNING DEVELOPMENTS The STOCK INDEXES & MARKETS The March NASDAQ 100 was lower due to profit taking...
Super Bowl Hangover in the Financials
By: Elliot TurnerFrom the open today, the financial sector weighed on the broader markets. The Financial Sector ETF (XLF) opened just under the critical $14 level, which it had held as support since October. In looking at the daily chart, this one can clearly see the importance of this level....
Roubini’s Snarl Turns Into a Purr
Nouriel Roubini is a legitimate economic superstar who travels around the globe offering his view of the financial world to eager audiences. The Harvard-educated iconoclast is never shy about making bold predictions, and perhaps his most notable one was to predict the global credit collapse...
Time to Sell Key Corp and Fifth Third
“Fifth Third Bancorp, I don’t know whether a fifth or a third is how much money you had left after their quarter a year ago but this year the loss is narrowed at Fifth Third in the fiscal fourth quarter…Let’s talk about KeyCorp. A good example of what’s going on, up about 4%. They did a little...
Commodity Markets Are Now Acting And Reacting
Friday, January 15--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar versus the other major currencies. JIM'S MARKET THOUGHT OF THE DAY * The much-anticipated period of time when the commodity...
TARP Tax Misses the Mark Entirely
On Thursday morning, President Obama and his economic advisors unveiled the “Financial Crisis Responsibility Fee” in an effort to retroactively punish the nation’s largest banks for risky decisions which nearly brought the US and global economy to ruins. This new tax is expected to raise about...
Close Eye on the Continuous Commodity Index
Thursday, January 14--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are weaker gold prices and a firmer U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * Commodity traders, keep a close eye on the Continuous...
Jobs
Its scary how the Fed can be profitable yet they can’t find jobs for a couple million people. I believe it’s their American duty to create jobs no matter what the situation is. Those that are out of work should be able to put their resume in to see if they have the education requirements to...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, January 12--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are lower stock index, crude oil and gold prices. JIM'S MARKET THOUGHT OF THE DAY * Many of you may not have noticed what happened in the frozen...
