A variety of data released today, shows a divergence between a decline in personal spending and income versus an increase in new home sales (although sales remain depressed at the lows of their 2008/09/10 levels), as shown on...
Read MoreHere’s a quick snapshot of where we are at on the S&P and the big question becomes, will it fail to break through resistance and move lower, or will, it break out and potentially set the market up for a nice run into...
Read MoreRemember the market has pushed into resistance so we need to wait for a break of the 200dma area before really loading up on longs. Right now the reward/risk favors the bears and shorting. Also don’t forget today will be a...
Read MoreBelow is an updated Daily chartgrid, about which I wrote in my post of December 20th: http://strawberryblondesmarketsummary.blogspot.com/2011/12/markets-sample-christmas-pudding-early.htmlIn a nutshell, the ES (S&P 500...
Read MoreData released (quarterly) pre-market today shows that Britain’s Current Account dropped to the lowest level since the December 2007 release, as shown on the graph below (courtesy of www.forexfactory.com). Read...
Read MoreEconomic Reports Due out (Times are EST): GDP (8:30am), Jobless Claims (8:30am), Chicago Fed National Activity Index (8:30am), Corporate Profits (8:30am), Bloomberg Consumer Comfort Index (9:45am), Consumer Sentiment (9:55am),...
Read MoreThis article by The Wall Street Journal today reported that the National Association of Realtors revised downward its sales figures by 14% from 2007 through 2010, showing that the housing bust was far worse than initially...
Read MoreFor the bears this is a disappointing day, they came strong out of the gate, but with an hour left in the market, the bulls are fighting their way out of the whole they dug early on. I wouldn’t put a lot of weight into...
Read MoreDelta: The measure of how much exposure your option position has to the underlying is Delta. Delta lets you know how much your option position will change for a 1-point move in the underlying. Call deltas range from 0.0 to 1.0...
Read MoreEconomic Reports Due out (Times are EST): MBA Purchase Applications (7am), Existing Home Sales (10am), EIA Petroleum Status Report (10:30am)Premarket Update (Updated 8am eastern): Futures are slightly down after selling off its...
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