Washout?
While the late day run up yesterday shook out some bears, they came roaring back today and stopped the bulls 5 points away from closing this morning’s S&P gap. Double-dip recession talks made head line news...
Read More…so I’d say caution is warranted into the close even though S1 has been good support so far. Heck, if it holds long enough I’m open to a final hour miracle like yesterday, just no evidence of that right now...
Read MoreAfter looking into the abyss for an hour, the buyers showed up and closed us in the green. There is a huge performance gap in the NASDAQ today; perhaps it’s related to large fund liquidation? Did window dressing play...
Read MoreThis could be very important, if it pans out. Adviser to US Presidents, Plunge Protection Team, she carries some weight. Ok, without further ado Get Prepared Euro Your Time Is Gonna Come by billwitt Pithy Klatuu
Read MoreInternals are largely positive so I’d normally expect price to hold its ground or ultimately advance in the p.m. session. However, for now a mild downward trend is persisting (see negative VWAP) and Tech is showing...
Read MoreCopper’s been a leading market indicator for so long that’™s it’s nickname is Dr. Copper. It’s most recent diagnosis has been a bearish movement in the S&P 500. If this morning’s German...
Read MoreA minor opening bounce was decisively sold, and the market closed near the lows of the day, crushing our three-day bounce. Volume was a bit lighter, but we have another lower high forming after testing the break down area...
Read MoreI’ve blogged recently about the change in market behaviour recently, particularly in relation to short term mean or range reversion. Quite simply, the market aint behaving like it used to. In some ways, we had it too easy...
Read MoreThis is a postscript to my previous post and a recognition that the market gave up half its impressive mid day gains by the close, much of it in the last hour. Sincere congrats are due by all readers to my esteemed cohort Rob...
Read MoreThis morning, the market blasted higher on continued chatter about some sort of Euro-TARP and quarter end optimism. SPX turned down in the upper end of resistance zone 1190-1195 as news rolled out that the most recent...
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