Thursday Market Wrap

{+++} Sequesters, fiscal cliffs and Europe; and we’re still alive. I hope by now you’ve tuned out the financial media, because they wont ever make you money. Equities ended February on a negative note as the S&P 500 settled with a slim loss of 0.1%. The key averages saw some morning indecision, but late afternoon [...]

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Wednesday Market Wrap- 3 New Set Ups

{+++} Today’s session saw an extension of yesterday’s buying as the S&P 500 managed to erase the remainder of its losses from Monday. The rally occurred with six of 10 sectors adding in excess of 1.0%. Cyclical stocks led the way with industrials and materials exhibiting relative strength from the start of the session. Today’s [...]

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Tuesday Market Wrap

{+++} The S&P 500 ended today’s session with a gain of 0.6% despite enduring some early weakness. The benchmark average started the day on a positive note with upbeat economic data proving insufficient in staving off the early selling pressure. However, markets staged a rebound in afternoon trade with the key indices climbing to fresh [...]

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Monday Market Wrap 2/25/13

{+++} Equities endured a broad sell off which saw the S&P 500 drop 1.8%. Bearish sentiment built into the afternoon as the likely deadlock in the Italian general election weighed on markets. Stocks got off to a higher start as early “instant polls” suggested Bersani, who is a supporter of reforms started by Mario Monti, [...]

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Sunday Set Ups

{+++} The market is in a range again and I don’t really trust it yet either way, but I do like these three long set ups this week. Good luck and I’ll see you in the chat room in the morning. PANW- This one has only been a public company for about six months, but [...]

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Thursday Market Wrap 2/21/13

{+++} The S&P 500 settled lower by 0.6% after today’s session saw an extension of yesterday’s selling. Equities began the day in the red and continued sliding into the afternoon when dip buyers showed up and lifted the major averages off their lows. The S&P 500 managed to hold the psychologically important 1500 level, avoiding [...]

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Wednesday Market Wrap 2/20/13

{+++} A rare down day for markets and one that had some teeth. The S&P tumbled from the 1530 level all the way to 1511. The majority of the losses came following the release of the latest Fed minutes which were once again more hawkish than expected. So far, two of the worst days in [...]

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This Market “Top” Is a Real Sidewinder

The top callers saw more new highs today. The shorts must have stayed in Davos, because they are totally and helplessly lost. Unempowered. Greece never left the Eurozone, the fiscal cliff came and went as we kick the can, and China isn’t going to have a hard landing. Those three things were basically the short [...]

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