Posts Tagged ‘XLF’

• The Morning Morsel-Action in the Oil Patch
  UpsideTrader, March 11th, 2010 at 7:05 am, Comments: 0

  British oil giant BP made its first foray into Brazil by injecting $7 billion for assets owned by Devon Energy (DVN). PBR has had tremendous success there and BP wants a piece of the pie.
  It’s cheaper to drill for oil on the floor of the New York stock exchange than on land or sea, and [...]

• Weekend Linky Dinks-Always Interesting
  UpsideTrader, February 20th, 2010 at 7:55 am, Comments: 0

  We saw a week where our Olympic kids took down more gold than Paulson’s fund, the Fed hiked the discount rate and Tiger made a mea culpa more popular than Clinton’s. I watched it and felt that he was sincere, for an automaton, however, I would love to get a copy of the script that [...]

• The Morning Morsel-Will the Financials Be the Tell?
  UpsideTrader, February 16th, 2010 at 8:09 am, Comments: 0

  As a new trading range develops in the S&P, 1050 to 1080-1100 many wonder what the next move will be. Will we take out resistance or will it drop lower under its own weight?
  As usual, there are so many variables to consider, the health of Europe, the dollar, our own economic data and ever present [...]

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  The Week Ahead 2/16/10
  UpsideTrader, February 15th, 2010 at 7:04 pm, Comments: 0

  …

• The Morning Morsel- Fine Until the Next Headline
  UpsideTrader, February 10th, 2010 at 7:00 am, Comments: 0

  What a day. The market was rolling over hard all morning, then news started to filter out that Germany would come to the aid of Greece, the market moved 6 S&P point s in the blink of an eye and started a reversal and a move of 150 points from bottom to top on the [...]

• Weekend Linky Dinks-Europe Weighs
  UpsideTrader, February 6th, 2010 at 8:37 am, Comments: 0

  “The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt.”
  -Cicero, 55 BC ( Courtesy -Hedgeye)

  Crazy day. Why did the market cave and then rally through the highs of [...]

• Weekend Linky Dinks-January Sucked
  UpsideTrader, January 30th, 2010 at 1:49 pm, Comments: 0

  Following last week’s sharp sell-off, a two-session decline on Thursday and Friday left U.S. equity markets lower for a third consecutive week. All 10 sectors that make up the S&P 500 closed unchanged or lower, led by Materials (-4.4%), IT (-3.7%) and Energy (-2.8%).
  Next week investors will turn to reports from ADP on payrolls, the ISM on [...]

• The Morning Morsel- Bear Flag Central
  UpsideTrader, January 29th, 2010 at 7:04 am, Comments: 0

  “At the same time I realize that the best of all tipsters, the most persuasive of all salesmen, is the tape.”
  -Jesse Livermore
  The indices are in trouble for now and all of them are in bear flags. We closed just below support at 1085 on the S&P, but we are also getting very oversold. If we [...]

• The Morning Morsel-Fed, Geithner and The State Of the Union.
  UpsideTrader, January 27th, 2010 at 6:51 am, Comments: 0

  This photo of the XLF man being chased by the regulation bear was taken late yesterday, around the time that Reuters reported that Volker will have a special meeting next week to discuss the banks. It won’t be a dovish meeting in my opinion, as this was his idea in the first place.
  The financials got [...]

• Bull and Bear Wish List for Next Week
  UpsideTrader, January 24th, 2010 at 11:10 am, Comments: 0

  As I sit here this morning, I can’t help but think about what will happen to the market next week.
  What the bulls need:
  They desperately need Bernanke to be re-appointed. Alternates are Kohn (older than dirt) Summers (elitist that would tell Jim Bunning to f**k off) Krugman (hates banks) Volker (nah).
  They need the 1080-1090 level to [...]