Good morning. Happy Thursday. For the first time in over two months the S&P has fallen more than two consecutive days, and over the last 22 days, there have been 11 up days and 11 down days. SPX 875 was resistance on the way up…now we’ll find out if it’s support on the way down. […]
Sector Performance (May 14)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Wednesday. As stated yesterday, I’m officially neutral the market. That doesn’t mean I think the uptrend is over; it just means the market may need to rest and I’m not going to be aggressively long. Semis have been weak; banks need to pullback. Breakouts are not following through. The steady move off […]
Sector Performance (May 13)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Tuesday. Over the last 16 days, the market has moved up 8 days and moved down 8 days. The longest winning streak has been two; the longest losing streak has been 2. Since the up days have been bigger than the down, the SPX net change over this time has been +40 […]
Sector Performance (May 12)
Here’s how the market sectors performed today…
William Black talks about Wall St. propaganda and the next wave of foreclosures
Here’s a couple videos from tech ticker featuring William Black, Assoc. Prof of Economics and Law at the Univ of Missouri. The Big Lie: Stress Test Optimism Just Wall St. Propaganda, Former Bank Regulator Says Beware Crisis’ Next Wave: Option ARM Foreclosures, More Debt Defaults “Naked Conflicts”: NY Fed Chairman Resigns Over Goldman Controversy “The […]
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. So the market has gone from idiot mode to just not making any sense. It keeps going up and up and up. Every little dip gets bought. The Nas has now moved up 9 consecutive weeks, and the Dow, S&P and Russell 8 of 9. […]
Sector Performance (May 11)
Here’s how the market sectors performed today…
Comparing XLF and FAS
This video compares the price movement between XLF and FAS. It’s not what you think. Comparing XLF and FAS