Good morning. Happy Tuesday. I said yesterday the charts didn’t matter much because the market was on an edge. It was either going to break down and result in a horrible collapse or rally. There was no middle of the road. Draw all the lines you want on all your charts; they don’t matter as […]
Paul Kedrosky talks about alternative energy and groping for a bottom
Here’s a couple videos from tech ticker featuring Paul Kedrosky of Infectious Greed. …
John Mauldin talks about surviving until the next bull market and Europe being a bigger problem than subprime
Here’s a couple videos from tech ticker featuring John Mauldin. John Mauldin
Nouriel Roubini talks about the economy being worse than he first thought
Here’s a couple videos from tech ticker featuring Nouriel Roubini. Nouriel Roubini
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. The indexes closed near their lows on Friday. The SPX and Dow took out their 2002 lows; the Nas and Russell did not. I’m not sure the charts mean much right now. The market is sitting on an edge. It’s either going to collapse or […]
Consumer Stocks
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 […]