Based on last night’s analysis I thought there was a good chance that the short-term upward sloping trendlines would be broken today. They were broken but that turned out to be a head-fake. Buyers stepped right in and pushed the market almost back to the post-Fed reaction highs of yesterday afternoon. One of the best [...]
Posted by 31 January 2008
Watchlist for January 31, 2008
Posted by 30 January 2008
January 30, 2008 Stock Market Recap
The market liked the Fed’s interest rate cut for all of about 60 minutes today. Then it was back to reality as talk of S&P downgrading some $270 Billion in mortgage-backed securities made the rounds: Standard & Poor’s on Wednesday said total losses for financial institutions from the unfolding mortgage market problems will eventually reach [...]
Posted by 30 January 2008
Watchlist for January 30, 2008
There’s not much to say right now. We’ve just got to wait & see how the market reacts to the Fed decision this afternoon. On Today’s Calendar: 2:15 — FOMC Policy Statement More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one of the recent ‘Chart Reading‘ [...]
Posted by 29 January 2008
