Author: Scott Hoffman

There’s some follow through movement from yesterday’s moves, some more than others.  If tocks can’t extend their rally we could end up getting a little bear flag here.  Overnight there wasn’t...

This weekend a Deputy Governor of the PBOC said that the Chinese government is planning new measures to try to cool their economy; this pressured equities.  Europe has some good news this weekend; the Greeks didn’t...

Bernanke’s reappointment yesterday is aiding stocks.  Q4 GDP rose by 5.7%.  This is a ‘rough draft’; and is often a lot different by the time the revisions are done, but it’s still a...

In this morning’s STI watch list I wrote the following about the NASDAQ  futures:  “Yesterday was an inside day, so we treat today as a breakout day.  Use the overnight high at 1820.00 for an upside...

Well, yesterday ended with little of substance out of Washington.  The FOMC meeting announcement was a non-event, save the vote by KC Fed President Hoenig.  Obama’s State of the Union speech contained nothing to...

If you’ve been reading this blog for a while, you know that one of my favorite trading situations is the crude oil market after the release of the weekly crude oil inventory report from the EIA.  There are often good...

We’ve got the FOMC meeting announcement at 1:15 PM and Pres. Obama’s State of the Union speech tonight, so eyes will be on Washington today.  We also have a congressional hearing about the AIG bailout; expect...

Overnight China announced an extension of their plan to cap credit growth, raising fears that global growth will take a hit. S&P put Japan on credit watch for a downgrade. The SP Case Shiller Home Price Index declined by...

Stocks are higher after a ‘nose count’ for Bernanke’s reappointment seems to be improving.  In Europe, Greek debt spreads are narrowing after a 5 year not auction that appeared to be well received. ...

Markets are still digesting Obama’s proposal to rein in banks; there are concerns about the effect it would have on profitability. There’s also talk that it could lead to investment outflows from the US.  The...