Late Update….cutting leverage ratio to 1.5 from 2.0
S&P at 871 as we do this. Will see how market acts on the 859 test. 2:18 PM CDT
Archive for April 2009
S&P 1040, and Still a Bear Market….Update-a new trading range
It is important that one keeps in mind that this rally is due to over pessimism and the big players being out of position. It still has a long way to go because today is the first day that they…Continue Reading →
Building a Base for The Next Two Phases
Yesterday we outlined how the bubble bursting unfolded to date. The market is now churning within a consolidation base as it prepares to deal with the implementation of the various Obama initiatives. These implementations will kick off in the next…Continue Reading →
Fixing Bubbles, a Perspective
Too many big cars, too many big houses, too many big bankers, too much BS, couple that with a willingness for a majority of the world to willingly borrow or lend on inflated bubble values and you have a prescription…Continue Reading →
Stocks are Staging for a Breakout of Consolidation
The S&P 822 to 862 area remains in focus. It would appear that the market wants to focus on the coming bank stress tests and the results will probably be a factor on a move out of this area. So…Continue Reading →
It’s Not That Things are Better
It’s that they are not turning worse and the initiatives, both public and private, that affect the real economy, not the banks, are for the most part, yet to be implemented. A major battle in the market has been ensuing…Continue Reading →
Short-Term Retest Day
The 822 support level on the S&P index and 903 resistance level on Gold are in play again today. The most likely result is the S&P will find support at 831 and then start a run up to the 915 level over…Continue Reading →
History based CEO Projections
As we mentioned yesterday, the first quarter corporate results were for a transition period. The big issue for most investors is the forecasts going forward. As such I would not put much weight on the CEO forecasts we are and…Continue Reading →
Overnight Relief Valve
Over the past few weeks it seems like most of the overnight S&P sessions have seen a big decline between 6:30 PM and 6:30 AM in the morning. This selling has been constructive for the markets, ridding excesses and allowing it…Continue Reading →
Tea Parties and Secessionists
A lot of caloric energy is being consumed with all the right wing raging this week. They might be better off if they had believed in the change and bought some stocks in March rather than megaphones and poster paper. …Continue Reading →