There is no doubt the Bernanke sees the writing on the wall. His reinstatement did not go smoothly. The Volcker regulations are getting advocates in the Securities legislation and the Deficit Reduction Panel is being put in place. Along with…Continue Reading →
Today we will talk about a technical aspect of the market. Last week the S&P high and low were within the range of the prior week, indicating short-term indecision. Today we are seeing the pre-market indicators pointing to a a…Continue Reading →
The short-term stock market remains event driven while the long term market is debt driven. All this means is that the 920 to 1120 S&P range for the year will keep you on your toes. Today’s events are progress in…Continue Reading →
The title is kind of tongue in cheek but no doubt has an element of truth in it. Today a new Washington Post/ABC News poll shows that two out of every three Americans are “dissatisfied” or “angry” with the way…Continue Reading →
This is a mid-morning comment as I don’t see the need for short-term trading comments at the moment. With the breaking of the 1050 support on gold and 1070 support in the S&P in the past week or so we appear…Continue Reading →
The stock market broke through some critical support last week. At the moment it may do a bit of digestion and have a little bounce for a few days but the breakdown is a strong indicator that the 920 S&P…Continue Reading →
That is the title of an article in yesterdays New York Times by Nelson D. Schwartz. While many in Washington want to demonize the role of government in our jobs situation it may be time to look at the corporate…Continue Reading →
This week I made a couple of short-term comments on the market that could tend to muddy the waters. This is an important time in the market. Unless congress and the administration can really get a significant stimulus package going,…Continue Reading →
In what should be the start of putting some meaningful teeth into Security/Banking Regulation, Paul Volcker will be providing testimony today. This should begin the process of providing some counter forces to the Bernanke/Geithner strategy of anything goes. Look for…Continue Reading →
Today’s bounce off of the Friday low is good information for the short term trader. That was a short term buy area as our ladder numbers suggested. The market has a lot to digest. Last weeks inputs from both sides in…Continue Reading →