Author: Scott Hoffman

The financial sector buzz saw keeps chewing up the stock market as the bank stocks continue to get pummeled.Real fear and pessimism seem to be taking hold-the Obama administration has lost initiative (did the Rick Santelli rant...

The bull market in precious metals paused yesterday; this correction was a good chance to buy silver.The green line in the chart below is the swing high from September 25th.1393 has served as support for the past sessions;...

CPI was a non event.Negative sentiment continues, with the Dow futures taking out their November low. March SP:Momentum is still bearish, 766 is support. March NASDAQ:I came in short from yesterday. 1153.50 was the last swing...

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March SP:The early rally attempt faded; I expect a selloff this afternoon. March NASDAQ:The chart for the Naz looks worse that the SP, it’s testing yesterday’s low. March Treasury Bonds:Regaining sharp losses after...

Economic numbers were bearish-PPI and claims both were higher that expected.It’s hard to believe in higher prices in this economy, but maybe there were New Year’s price hikes.The Germans are holding a press...

March SP:Intraday charts look bullish, 795 and 797.50 are still resistance, 781 support. March NASDAQ:1213 is the upside objective. March Treasury Bonds:The longer stocks stay stable, the more likely as bond selloff. March...

Stocks and Treasuries are both higher-stocks bouncing from yesterday’s losses, Treasuries because the Chinese reiterated that they will continue to buy Treasuries provided they maintain liquidity and preservation of value....

USfinancial firms are in trouble (which isn’t helped by the lack of clarity on a new plan from the Obama Administration), but Europe’s may be worse, which is causing a big flight to quality move to the Dollar. The...

Markets are lower over concerns about European banking. Europe’s banks have huge exposure to Eastern Europe, among other things, and some of the former Soviet Bloc countries are basket cases.German economic sentiment...