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 February 9, 2009 by Adam
I mentioned earlier that I don’t see too much being actionable as of right now. I think the market is in a wait-and-see holding pattern leading up to the bailout vote tomorrow.
I’m looking to take a reactionary response to the vote. I’m going to take my cues from the market reaction, rather than try to [...]
Posted on January 26, 2009 by Adam
Index futures have been steadily trending higher all night after rebounding off the overnight lows. It will be interesting to see if the trend can continue into the open. If the S&P can break above 840, the highs from Thursday’s session, look to add bullish positions. Prices could go all the way to 860. If [...]
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Be on the lookout for an extended pullback.