Weekly/After Stock Market Review Archives

July 16, 2008

• Shorts Sent Scrambling, But Need More Signs of Bottom

  Holy moly, the long awaited oversold snap back rally has arrived! Time to locate those cash bundles under the spare bedroom mattress and buy, buy, buy!  Eh, well not exactly but after 6 consecutive weeks of market declines, it was good to see the green return in a big way.  While I don’t consider myself [...]

July 13, 2008

• Capitulation Averted BUT Prepare For Massive Short Term Rally

  What a week, what a Friday.. but we’ve been down this road before.  The constant parade of CEOs and government officials denying there are problems.  The rumors, the manipulation the itchy trigger fingers of traders.  We saw it around the March bottom and one can only hope that we are near the end here at [...]

July 6, 2008

• Solar Whacked, Medical Showing Strength, GE Reports Friday

  I’m trying to take a bit of time off this weekend so won’t have a detailed look at the market this week but will have an update once normal trading volumes return towards the middle of the week. 
  ::: Model Portfolio :::
  ** This section will now appear as a separate report about every other Wednesday.  [...]

June 26, 2008

• Market Carving Out Double Bottom? Need a Spike in VIX

  I have to admit, today’s move caught me a bit off guard.  I was looking for some kind of dead cat bounce from oversold levels and a big washout once earnings began pouring in and traders returned from the July 4th holiday.  The market awaits nobody!  I mentioned to members last night that you can [...]

June 15, 2008

• Due for a Rally, But Bears Still In Control

  I’m gonna keep it real short this week and stick to the meat and potatoes of the technicals.  After all, it is Father’s Day and the US Open is winding down.. :)  Hope you’re all enjoying a little BBQ.  The market continued to deteriorate last week with distribution still going on, but this market is [...]

June 8, 2008

• Nasdaq, a Double Top in the Making; Bears Firmly in Control

  In any market, there will be differences of opinion but certainly at market tops and bottoms, the predictions become more bold.  I was reading a few articles over at Seeking Alpha and came across one guy (who manages money for a living by the  way) exclaiming that Thursday’s move was huge! He was  as bullish [...]

June 1, 2008

• Stock Market Offers Another Chance To Lock In Gains

  Lots of intraday swings in both the overall equities market and crude prices, with the end result at the end of the week being a small pull back in crude with a decent recovery in stock prices, following a dismal week of distribution.  With the S&P bouncing off the 50 day moving average and the [...]

May 26, 2008

• Nasdaq and S&P500 to Test Key Support As GDP Approaches

  THANK YOU TO ALL THE BRAVE MEN AND WOMEN WHO HAVE MADE GREAT SACRIFICES FOR THIS GREAT NATION.  WE SALUTE YOU NOT JUST ON THIS MEMORIAL DAY, BUT EVERY DAY.
  Last week we saw the indices take a much needed breather after an impressive run off those March lows and as expected the next level of [...]

May 21, 2008

• Tune Into the Charts, Tune Out the Talking Heads

  How many times over the past couple weeks have you heard the so-called "experts" declare that now is a great time be adding stocks, despite the fact we had just run up more than 10% off a bottom created as a result of a severe correction.  Despite the fact that technical indicators were flashing overbought [...]

May 4, 2008

• Selling in May Is Not a Bad Strategy

  I’ve been talking quite a bit about the formiddable resistance areas the indices are now testing and not much has changed there, so I’ll keep it brief and just throw up the charts.  Actually, the real reason is that it’s Sunday and a real beauty in Seattle where I’m visiting for the weekend.  The last [...]

April 27, 2008

• Beware ‘O Major Resistance in Indices

  I’ll keep it fairly short this week.  The indices haven’t done much since my last analysis and still look considerably bullish but that could change in a hurry as major resistance of the downward trends loom.  As mentioned in the last analysis, where is the leadership going to come from if the oil and the [...]

April 20, 2008

• Google Catalyst for Big Break, But Big Resistance Remains

  It’s no secret that the character of this market has been shifting over the past several weeks as the market adjusts to lowered expectations across the board.  However, when GE reported awful results last Friday it was a bit too much for the bull to swallow, leaving the indices in a bit of a precarious [...]

April 16, 2008

• Indices Reclaim 50 Day Moving Average Keeping Breakout Potential Intact

  Just last Friday, the market wasn’t able to continue the trend of shrugging off the bad news as the big GE earnings miss had the bears growling and indices plummeting below their 50 day moving averages.  The move was enough to cast doubt on a big spring rally, but the bulls would not be denied [...]

April 9, 2008

• Coiling For Big Rally? Leaders With Momentum - ATW, MTL, SD, ECOL

  As the market quietly digests the big gain of last Tuesday, the big story continues to be oil which hit an all time intraday high today of 112.21/barrel and held on to much of the gains to mark an all time closing high of 110.93.  The market was certainly weighed down with oil breaking out [...]

April 1, 2008

• Market Breaks Out But Volume Suspect; Stock of Day - AsiaInfo (ASIA)

  The morning began with big write downs out of UBS and Deutche and LEH needed to raise 4 billion to shore up its balance sheet. Once analyst called the UBS write down a "kitchen sink job", saying "It’s a kitchen sink job. They’ve separated all their toxic waste. If they’re going to finance that then [...]

March 23, 2008

• Despite Market March Madness, Indices Remain In Trading Range

  It’s Easter, the best tournament of any sport at any level is on and I’m not in the mood to dissect the market today.  I’ll keep it short with charts.  Happy Easter all.
   Despite all the news and the wild swings we’re still in a trading range and waiting for an explosive move in either direction.  [...]

March 16, 2008

• The Fear Begins Now: St Paddy’s Day Looking Red

  In the last weekend market report I talked about the importance of and relation of greed and fear.  It’s a part of trading, it’s a part of market cycles.  The greed of nearly free money has long come and go.  It’s time for fear to play it’s hand and that begins now.
  From last week’s Where [...]

March 9, 2008

• Where Are We in the Greed and Fear Cycle?

  In a sea of short term market volatility, it’s often difficult to see the big picture but we all need to remember that in the midst of manipulation, rumor, Fed speak and chat room BS there is just one constant that will never change.  Human emotion. .. specifically fear and greed.  We are reminded of this [...]

March 2, 2008

• Bears Make Defining Move, Retest of Lows More Likely

  Last Friday’s action was a polar opposite of the previous Friday.  Last time around, there was Charlie Gasparino saving the day for the bulls, with the announcement of an imminent Ambac bailout.  A furious 30 minute rally saved the indices from breaking short term support levels, which would have created the likelihood of a retest of those [...]

February 26, 2008

• Despite Inflation Data & Google, Market Breaks Out But Volume A Concern

  When a market shifts from one of topping to bottom seeking, you begin to notice a shift in reaction to the news.  At tops, it seems the market shrugs good news aside and looks for an excuse to sell.  That’s because most of the good news has been built into the price already.  Near the [...]