Good morning. Happy Wednesday. Over the weekend I said the onus was on the bulls once again to dig their heels in and defend their turf, and they rose to the challenge yesterday. The market gapped down and then rallied all day and closed near its high (odds favor taking out yesterday’s high today). Virtually […]
Sector Performance (May 27)
Here’s how the market sectors performed today…
Dave Kansas talks about more bank failures and wonders how a jobless recovery can materialze
Here’s a couple videos from tech ticker featuring Dave Kansas, contributing editor to The Wall Street Journal. The New Wall Street: “Brain Drain” Threat Legit as Boutiques, Foreign Firms Rise Rally Hits Roadblocks: The Case for More Gains Ahead BankUnited Won’t Be Last Bank Failure: The FDIC Is Going to Have a Busy Year
Before the Open
Good morning. Happy Tuesday. Hope you had a nice weekend. It looks like we’ll begin the week with some slight weakness as indicated by the futures market being down a couple points, but this of course could change between the time this is posted and the opening bell. Both the bulls and bears got something […]
Sector Performance (May 26)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Friday. It’s been a heck of a week. Strength Monday and Tuesday turned into weakness Wednesday and Thursday. As of now the SPX is posting a 5-point gain for the week. Strong markets tend to be weak early in the day and strong late and weak early in the week and strong […]
Sector Performance (May 22)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Thursday. If strong markets tend to be weak early in the day and strong later, the market is showing more signs of weakness. Tuesday the market sold off into the close and yesterday the market got hit hard the last 90 minutes. Futures are currently down several points, and the S&P is […]
Sector Performance (May 21)
Here’s how the market sectors performed today…
Before the Open
Good morning. Happy Wednesday. The market didn’t do a whole lot yesterday. Early strength was matched by late weakness, and in the end, the indexes closes mostly down but no index lost more than 0.4%. That’s not horrible coming off Monday’s big move. Futures are up this morning. Overall I continue to see nothing horribly […]