The bearish volume action continued today with another higher volume selloff. The Nasdaq and S&P 500 were both down about 2.5% and are closing in on their August intraday lows. The Dow, following the Russell 2000′s lead, broke its August low today. Given how poorly Intel was trading post-earnings tonight I think the August lows [...]
Posted by 15 January 2008
Watchlist for January 15, 2008
The S&P is set to give back all of yesterday’s gain on today’s open thanks to bad news from just about everywhere. So I guess I’ll start looking at the bottom of the recent trading range to see if we breakdown… On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | [...]
Posted by 14 January 2008
January 14, 2008 Stock Market Recap
For all the dramatic moves over the last week or so the market has just been marking time. The indices closed today in the middle of their recent sideways trading ranges. The one thing that has changed over the last week is that the market’s no longer short-term oversold. That tells me that it’s no [...]
Posted by 14 January 2008
Watchlist for January 14, 2008
Posted by 11 January 2008
Watchlist for January 11, 2007
The gains from yesterday’s CFC-fueled rally are evaprating quickly this morning. Now the market’s worried about earnings from financial firms like AXP, C, and MER. The bulls may have to hang their hopes on actual earnings reports which start to roll out next week. On Today’s Calendar: 2:00 — Treasury Budget More Calendars: U.S. Earnings [...]