Disappointing earnings from DELL and AIG (among others) are weighing on the market this morning. The question in my mind once again is ‘will this follow-through?’ Given the last few weeks I’m very skeptical but I guess one of these times the trading range will break — if for no other reason than everybody’s been [...]
Posted by 28 February 2008
February 28, 2008 Stock Market Recap
I just can’t work under these conditions! The intraday choppiness got even worse today. The market gapped down then had two cycles of mini-rallies & mini-selloffs. So it was just a microcosm of what’s been taking place in the daily charts for the last month. So it’s just more consolidation as the market waits for [...]
Posted by 28 February 2008
Watchlist for February 28, 2008
Posted by 27 February 2008
February 27, 2008 Stock Market Recap
It was a choppy day which was helped along by the wacky moves in Freddie & Fannie. On the same day that they announced huge losses the Office of Federal Housing Enterprise Oversight (OFHEO) decided to lift the portfolio cap restrictions they put on Freddie & Fannie in 2004 in response to their accounting irregularities. [...]
Posted by 27 February 2008
Watchlist for February 27, 2008
Bernanke is speaking before Congress today & tomorrow. I doubt that he’ll have anything earth-shattering to say but I’m sure the market will be on edge… On Today’s Calendar: 10:00 — New Home Sales 10:30 — Crude Inventories More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
