Looks like the Santa Claus rally showed up at the last minute. I just wonder if Bill “Grinch” Gross’ “we’re in a recession” comments will rain on the parade… Anyway, this is probably the last regular post for about two weeks. I may post some charts if something interesting develops but if not, look for [...]
Posted by 20 December 2007
Watchlist for December 20, 2007
This little newsflash brought a smile to my face: Indian markets regulator says to allow short selling – Forbes Forbes reports markets regulator Securities and Exchange Board of India said it has decided to allow short selling of shares by all classes of investors. SEBI has also decided to stop institutions from day trading or [...]
Posted by 19 December 2007
December 19, 2007 Stock Market Recap
We’ve basically gone nowhere in the two sessions since yesterday’s gap up opening. I see signs that things are swinging to the bulls’ favor in the short term but who knows if they’ll step up ahead of the holiday week. Keep in mind that this is an expiration week, so watch for pins… Trend Table [...]
Posted by 19 December 2007
Watchlist for December 19, 2007
The Nasdaq closed just shy of its 200-day moving average yesterday. I think that’s the thing to watch today. A good move above that line could spark some short covering, if not actual buying… On Today’s Calendar: 10:30 — Crude Inventories More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential [...]
