Today was a chop-fest which turned out to be a stalemate between buyers and sellers. The indices are back in short-term overbought territory based on stochastics and at near their upper Bollinger Bands do don’t be surprised to see some retracement here. I wouldn’t be an all-out bear here though since quarter-end markups could keep [...]
Posted by 27 September 2006
Watchlist for September 27, 2006
Posted by 26 September 2006
September 26, 2006 Stock Market Recap
Posted by 26 September 2006
Watchlist for September 26, 2006
Posted by 25 September 2006
September 25, 2006 Stock Market Recap
Trading was a little tricky this morning as Ugly illustrated well. The market gapped up then closed the gap which brought the Nasdaq and Russell back under their 200-day moving averages. (Another day in which fading the gap would have worked.) The bears were probably real happy at that point but then the market reversed [...]


