Archive for May 2008

Key Points Today

As we have mentioned recently the selloff in gold, commodities, and oil accompanied with a dollar rally will continue for a while with as much as a 30 percent decline in those sectors.  This will be supportive for the stock…Continue Reading →

Waiting for New Signals

The S&P 1440 top made last week remains the big event. At the moment the quick selloff into the 1370 area probably means that there will be a bounce to the 1395 area.  If there are going to be any…Continue Reading →

Not much New Today

With the S&P 500 at an area, 1395,  where some support could appear in the short-term, there is not much to do today.  The overhead resistance above 1420 is a ceiling for now. Aggressive decision traders could lighten up a…Continue Reading →