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Syria Worries End Thoughts of "V" Shaped Bounce 27 Aug 2013 | 06:14 pm
Until late May every correction of 2013 has been of the 2.5-3.5% variety. That was just about where we had been the middle of last week before an oversold bounce. The question at that point is alway...
Beginning of a New "V" Rally or Oversold Bounce? 26 Aug 2013 | 05:51 pm
Well this is always the question when we drop a few percent isn't it? Aside from the correction of late May which was of the 7% variety all other corrections in 2013 have been similar to the magnitud...
Steve Ballmer to Retire from Microsoft (MSFT) – Stock Surges 9% or $19B 23 Aug 2013 | 06:28 pm
The long reign of Steve Ballmer – a much maligned CEO – is coming to an end at Microsoft (MSFT). The stock is up 9% on the news – which on one hand has to make Ballmer feel sort of bad, but on the ot...
Fed Minutes Set off Wicked Volatility 21 Aug 2013 | 11:58 pm
As usual the fate of all mankind is based in the hands of the Federal Reserve and a paragraph or phrase here or there. At first the market* did not like the minutes and now it likes it. In 20 minute...
A Cautionary Tale 19 Aug 2013 | 05:42 pm
Worries about the slowdown of massive Federal Reserve intervention continue to hang over the market, as yields on the 10 year Treasury continues to rally, first breaching 2.8% Thursday for the first t...
Precious Metals Wake Up 16 Aug 2013 | 06:26 pm
Yesterday was clearly the worst session since the late June lows. Breadth was terrible and key support lines were broken. At the close of the day the S&P 500 fell to just above the 50 day moving ave...
Cisco Systems (CSCO) Failure Helps Indexes Break Support 15 Aug 2013 | 05:16 pm
Monday we had asked if long term support could be breaking. All week the S&P 500 had been pushing up and down across a long term trend support line that connects most (not all) of the 2013 major lows...
WSJ: Mileage Boosters Boost Auto Parts Makers 14 Aug 2013 | 05:58 pm
Some of the auto parts makers are quietly having a very good year. They have some of the better chart set ups out there, even though some are quite extended. Part of this may just be a rotation into...
Is the Market Now Expensive? 13 Aug 2013 | 05:40 pm
As the market continues its gravy train upward in 2013, despite morbid earnings growth, valuations have obviously increased substantially. Either the market is going up due to earnings or P/E/ multip...
Breaking Long Term Support? 12 Aug 2013 | 05:43 pm
After a rare down week, markets are opening to a potential break of long term support this morning. The S&P 500, aside from a two and a half week period in late June through early July has been trave...