By: Elliot TurnerThe market was gapping down even before this morning’s disappointing Initial Jobless Claims. Financials, led by Citigroup’s failed offering, continued to weigh on the market. Citi lost another 7.5%...
Read MoreBy: Scott RedlerThe following are ALL REASONS FOR SOME ANXIETY on Main Street:Citigroup is a DISASTER–they crush shareholders so that their managers can get paid! Didn’t Cramer say 11 bucks by 2010? FDX pre-announced...
Read MoreBy: Scott RedlerWe recently reentered the gold trade with an average price of $110.44 on the GLDs after having exited our year long position on 12/3. If GLD can get an hourly close above $111, I will add yet another...
Read MoreBy: Scott RedlerIn this morning’s blog, we talked about AAPL’s action in holding the $193-195 zone. Price has been consolidating since earnings in a very tight pattern. When it breaks the downtrend line in place...
Read MoreBy: Scott RedlerJust Like ThatIt seems like yesterday we were testing 1,085 in the S&Ps.–maybe that’s why the S&P couldn’t push through highs yesterday. The tape is a bit frustrating–you need to...
Read MoreBy: Elliot TurnerYesterday the S&P 500 closed at new move closing highs and above its month-long upper range, however it has yet to make new move intraday highs. That begs the question as to whether this is a meaningful...
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Read MoreBy: Scott RedlerOnce again, the S&P is a stone throw away from new highs. A 60 minute close above 1,109 in the SPYs should give us a move to 1,127 and then the 1,135 area.Sector RundownInvestors in XTO are chilling...
Read MoreBy: Scott RedlerI appeared on CNBC today talking about the prospects for retail stocks moving into year-end and whether equity markets can continue to move higher should the dollar break its...
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