Good morning. Happy Thursday. The Fed is in the rear view mirror. The market tends to reverse whatever reaction it has to the Fed the next day, but yesterday’s reaction wasn’t typical. Normally we get 30 minutes of choppy trading before a trending move materializes into the close. We would then reverse that trending move […]
Sector Performance (Jun 25)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Wednesday. Happy Fed Day. Today Ben Bernanke and Co. target the overnight rate and set the discount rate. The rates can’t be lowered, so the only question is whether they’ll be raised or not. They won’t be so – at least that’s what everyone thinks – but the language they use in […]
Sector Performance (Jun 24)
Here’s how the market sectors performed today…
Nouriel Roubini says a disaster has been averted but still sees a grimm economic outlook
Here’s a couple videos from tech ticker featuring Nouriel Roubini, Professor at NYU’s Stern School and chairman of RGE Monitor. Nouriel Roubini’s Three Reasons Why Stocks Are Bound to Fall Disaster Averted, But ‘Dr. Doom’ Still Sees Grim Economic Outlook Massive Govt. Spending Prevented a Depression, But “There Is No Free Lunch,” Roubini Says Roubini: […]
Before the Open
Good morning. Happy Tuesday. Yesterday the market closed within the bottom 20% of its intraday range, so odds favor yesterday’s low being taken out. The Asian/Pacific markets closed down across the board; Europe is up across the board. Futures here in the States suggest a gap up open. There are lots of smart market operators […]
Sector Performance (Jun 23)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. Looks like we’ll start the week on a down note. The Asian/Pacific markets didn’t do so badly, but Europe is down across the board and futures here in the States suggest decent gap downs at today’s open. The World Bank has cut its 2009 global […]
Sector Performance (Jun 22)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Friday. I think today carries more weight than most summer Fridays. After pausing on Wednesday and moving up yesterday, the market needs to follow through to the upside for me to think the bulls have some fuel left in the tank. A sell-off easily sends the SPX back to the May low […]