Stocks have turned lower overnight; earnings continue to be a worry after B. of A. got pummeled yesterday.There are concerns about what the bank stress tests will show. Yesterday a blog (of very questionable legitimacy) claimed...
Read MoreIt was an ugly day for the stock market, but the charts tipped us off that something might be afoot today. Following a two day rally last Wednesday and Thursday, both the Dow and the NASDAQ had narrow ranges and doji bars...
Read MoreYesterday I wrote a blog post about the triangle formation in the crude oil futures (you can read it here.). A triangle doesn’t tell you when the market will break out, or the direction it will take when it does break...
Read MoreStocks are down. The Bundesbank said that Q1 of ‘09 will be worse than Q4 of ‘08.Bank of America posted a big earnings number, but this was mostly due to one time items. The stock is trading poorly. B of A’s...
Read MoreSince rallying off its depth of the recession lows and $33 double bottom earlier this year, crude oil has seen a rally of 66% as traders price in the stronger demand one would expect with an economic recovery. Over the...
Read MoreFriday saw a sharp selloff in Bond futures. Looking at the daily chart shows a breakout setup, a logical entry price, and target for the break. I circled Thursday’s bar; it was an inside day and the narrowest of the...
Read MoreCitigroup and GE both posted good earnings reports. Citigroup’s earnings were better than expected (if you want to believe them).There are reports of demand for the US Dollar, and Moody’s may downgrade...
Read MoreThere is a number of interesting chart setups today; illustrating some of the concepts and methods I use to analyze the futures markets. Let’s look at a couple of them. First let’s look at the June Gold futures....
Read MoreJP Morgan Chase reported better than expected earnings. They said they can pay back their TARP money and won’t need to raise equity.Jobless claims showed a big drop, continuing claims rose. Housing starts showed a bigger...
Read MoreTax day! (Here in the States, anyway).Stocks are slightly higher in spite of a cautious earnings report from Cisco and yesterday’s weak retail sales report.Lots of news to chew on today-CPI, Industrial Production, crude...
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