In this video we offer some trading ideas from some consumer groups. They’re not doing too badly, so if the market bounces soon, they should do well. Consumer Stocks
Before the Open
Good morning. Happy Friday. So after all that it looks like all the market could manage was a single up day. The SPX got rejected by resistance yesterday and has now fallen 8 of 9 days. Here’s the 30-min chart. It now looks like the SPX is forming a bear flag on the daily. The […]
Before the Open
Good morning. Happy Thursday. Totally random movement yesterday. Every little bit of news out of Washington caused either a moderate rally or sell-off. Here’s the SPX 5-min chart over the last 7 days. The index had broken out from a head-n-shoulder bottom, but the end-of-day sell-off destroyed the pattern. We do however have a higher […]
Jon Najarian talks about 4 steps to resolving the financial crisis
Here’s a couple videos from tech ticker featuring Jon Najarian of Option Monster. Jon Najarian
Before the Open
Good morning. Happy Wednesday. At least for the near term, the SPX seems to have found support near its Nov low. Here’s the daily chart posted before yesterday’s open. Support from the Nov low and support created from a trendline drawn parallel to resistance and through a low within the pattern have held. All of […]
Before the Open
Good morning. Happy Tuesday. Here’s an updated version of the intraday chart before yesterday’s open. The SPX gapped right up to resistance and immediately sold off. The gap filled, and last week’s low was easily taken out. I still consider the trendlines to be significant because they’re still containing the price movement. Here’s the daily […]
Robert Shiller talks about houses and stocks still being too expensive
Here’s a couple videos from tech ticker featuring Robert Shiller. Robert Shiller
Before the Open
Good morning. Happy Monday. Hope you had a good weekend. Lots of talk this weekend about Citibank and Bank of America being nationalized. Kind of amazing. The current situation is far worse than the 2000-2002 time period when many companies that had no revenue and no business models were failing. Today we have 150-year banks […]
Before the Open
Good morning. Happy Friday. It’s options expiration day which is totally meaningless relative to everything else going on in the market. The indexes broke down earlier this week and have been drifting lower within a tight range since. Here’s the SPX daily chart. For several weeks I’ve been saying the lows will be tested, and […]
Before the Open
Good morning. Happy Thursday. The SPX dropped 100 points off its high from last week and couldn’t muster even a small bounce off its low yesterday. It seems inevitable the Nov lows will need to be tested and the VIX will need to spike before any meaningful bottom is put in place. Until there’s a […]