Posted by 21 January 2009

January 21, 2009 Stock Market Recap

The rally got a little dicey this morning but the bulls were able to keep the pressure up into the afternoon session. So the market recouped the bulk of Tuesday’s losses on slightly higher volume. We’ve now got the Nasdaq and S&P poised to breakout above their January downtrends. Let’s see if the news flow [...]

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Posted by 20 January 2009

January 20, 2009 Recap: Banks Look Like Death

In the last recap I did before leaving in December I pointed out the huge gains the financials were enjoying then. But I also pointed out that they were still in clear downtrends and that the BKX had resistance in the high 40s. So I guess it’s fitting that on my first day back the [...]

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