Beware of the Bear Market Rally
6:10am EST Stocks rise on news IBM buying back shares, but stumble into the close as Commodities remain HOT.
Stocks set the stage yesterday by opening lower on a higher than expected PPI. Inflation is most likely knocking on the door yet many do not realize. Ignoring the inflation front, investors turned to IBM and its […]
Rumors Lift Stocks
1:15pm EST Stocks get a boost from a CNBC report a bailout for Bond Insurers.
Stocks were headed for another bearish close till rumors were perpetuated by CNBC that a bailout was close to being finalized for Bond Insurers. This story is nothing new but it helped traders jump back on the stock market bandwagon! […]
Markets Take a Bearish Turn
6:25am EST Stocks sell off after racing higher at the open, have we bottomed?
Stocks raced higher at the open, positive news out of RIMM helped stocks push higher. Factor orders failed to impress wall street and more concern over the economy seemed to get traders to sell off stocks. The market has seen its fair […]
Just put in a small long position in ANR today. In the midst of all the turmoil that is beseiging the market there are still a few good longs out there that are showing some serious accumulation. ANR is one of the few that are showing signs of strength. This is exactley […]
Stocks Find an Extra Gear
6:15am EST Stocks move higher on higher trade, ignoring $100 a barrel and the FOMC forecasted GDP growth.
Wednesday trade was definitely the first sign of strong bullish action in quite some time. Stock gapped lower on a higher increase in the CPI. By later in the day, stocks poised to move higher. Before the FOMC […]
CPI Release is Wednesday
My apologies, CPI is to be released tomorrow: Wednesday.
Best of luck.
WMT posting higher than expected sales has me thinking the consumer is no longer going after specialty stores. This could be a huge signal the US Consumer is drastically cutting back in hopes to increase the bottom line.
Trade Wisely!
Worden Blocks Trader 3.0 Review
Worden, the creators of the Telechart market tracking software, are introducing a new product in March called Worden Blocks Trader 3.0. There are three versions being introduced - Strategy, Mega Minute, and Fund Investor and I will discuss the features and prospective benefits of each later.
Roller Coaster Ride for Stocks
1:00pm EST Import prices hit 25 year highs but the market ended mixed.
Import prices were the talk of Wall Street as trading began. Import prices rose to their highest levels in 25 years. The decline in the value of the dollar has helped boost import prices. Although the dollar index is looking to put in […]
Stocks Reverse in Heavier Trade
6:30amEST Stocks Take a Bite out of the Follow-Through Day, End the Day Lower on Higher Volume.
Valentine’s Day was not so kind to the Follow-Through Day the market produced on Wednesday. Stocks had stumbled out of the gate and were looking to stage a breakout into positive territory early in the trading session. However, selling […]
On My Watchlist
The market is taking us all for a wild ride. Just when we get a follow through day(although it was a weak one) and we think we are coming off the bottom, the market decides to throw us a curveball. The only good thing about today is that volume was below the 50 […]
