Posted on March 9, 2010 by Adam
This is the first in a series of posts dedicated to explaining the series of events and phenomena that led up to and caused the most recent financial crisis.
There are many terms thrown around when folks talk about the financial crisis. Last year especially, the news was awash with terms like “Credit Crunch,” “Bailouts,” “Derivatives,” [...]
Posted on May 20, 2009 by Adam
Stocks gave up early gains, led lower by financials and technology.
I think you have to follow the sectors in order to gain an edge right now. I read once that the sector a stock is in controls 50% of the price movement of the individual stock. With that in mind, you want to try and [...]
Posted on May 19, 2009 by Adam
The market traded sideways all day, bound between the 905-915 range. A ten point range! Snooze.
Stocks failed to make a directional move, and were mixed across the board. The VIX, on the other hand, paints a different picture. Breaking down below 30 today, volatility levels are the lowest they have been since before the panic [...]
Posted on May 18, 2009 by Adam
Markets rallied all day across the board. This is a great development for bulls, especially since we managed to close above the magic number of S&P 900.
I’m still a bit skeptical about this sharp rally today, as the longstanding upward trend in the S&P was broken last week. We still haven’t tested 875 to the [...]
Posted on May 15, 2009 by Adam
Stocks ended a down week on a low note, although the S&P managed to remain indecisive. Prices traded down to 878, but failed to test the all important 875 level.
Yesterday, the $BPSPX went on bear alert - which signals that more downside may be coming. After today, it is likely that the $BPNYA, the bigger [...]
Posted on May 13, 2009 by Adam
Stocks finished the day near their lows on weaker than expected retail numbers. This markets the third consecutive down day. We haven’t seen that since the beginning of March.
Stocks, after breaking through 900, seem determined to test the 875 level, which it punched through after a lot of testing late last month. Continued weakness in [...]
Posted on May 8, 2009 by Adam
The marekt was up today. Who cares? The big story is the comeback of A-ROD! He’s going to swing the Yankees out of their recent slump, even without his juice.
As for the markets, I think you can tell how they reacted to the stress test news. Buyers were extremely aggressive all day. Tick readings were [...]
Posted on May 7, 2009 by Adam
Markets traded heavily all day on broad-based sector weakness. Defensive names in healthcare, utilities, and some consumer staples were the strongest, while everything else ended up in the red.
Concerning to me was the continued selloff in technology. In order to continue the intermediate rally we’ve been enjoying, technology will have to go higher, as will [...]
Posted on May 6, 2009 by Adam
Good Afternoon traders,
The market recovered from what should have been bad news, with the Bank of America warnings that surfaced last night. Excellent payroll numbers this morning skyrocketed futures higher. The market was hestitant, however, to move higher during the day. The S&P spent most of its time whipping around between 900-915 or so before [...]
Posted on April 23, 2009 by Adam
Where is the market going to go next week? If I had to guess, I would say down. Earlier this week we broke an important upward sloping trendline, which was coincident with a Point and Figure sell signal in the S&P 500. That was the first sell signal since February! The price objective of this [...]
Continue Reading
Be on the lookout for an extended pullback.