Citigroup’s stock is 22% higher on happy talk from the CEO. Other ban stocks around the world are rallying as well.Bernanke gave a speech at the CFR, I printed off the text but haven’t read it yet. Treasury auctions...
Read MoreThe US government’s bailout of AIG should be raising all sorts of eyebrows, and we’re far from getting out of this dangerous morass. The US government has so far refused to say what’s being done with the...
Read MoreOvernight financial developments include: 1. New banking concerns, with HSBC and Lloyds Bank in Britain spotlighted. This has hurt equities and the Pound. 2. The Obama administration’s muddled message and lack of...
Read MoreIt’s been all over the blogosphere the past week (well, at least much of the trading blogosphere)- H.R. 1068, or:Let Wall Street Pay for Wall Street’s Bailout Act of 2009. You can read the text of the bill HERE. It...
Read MoreThe US employment situation report is due out at 7:30 Central time. Expectations are for January NFP losses of 650K, the unemployment rate is expected to rise to 7.9%.It is possible that the markets priced in a bad number...
Read MoreI won’t have time to write the midsession comments today; I’ve got too much going on.I would note that it looks like many commodities are hanging in well in the face of another dive in the stock market.Bullish...
Read MoreI find one of the most useful indicators for swing trading is two period momentum. Linda Raschke discussed using in Street Smarts, as a way to see where you are in the buy-sell-sell short cycle of George Douglas Taylor...
Read MoreChinese Premier Wen Jiabao said his country’s targeted 8% GDP growth rate is within reach this year, indicating he doesn’t see the need for additional stimulus.And then depression set in (not economic,...
Read MoreTrade or Fade labelled today a “TRADE” day for the March S&P futures, as yesterday had the narrowest trading range of the previous four sessions. This meant we were looking for a directional move in S&P...
Read MoreStocks started out on a good foot, as traders are hopeful of a new Chinese stimulus plan.The ISM services number met expectations; the Fed’s Beige book is out at 1 PM. March S&P:Trade or Fade has resistance at 716.75....
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