Market Wrap
03:19:54 AM EDT | 08/26/2009
Test Password Wrap
By Jim Brown | This is a test posting to test the password system
Market Wrap
00:00:43 AM EDT | 08/12/2009
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By Jurijs Girtakovskis | $0.2
Market Wrap
01:45:39 AM EDT | 07/12/2009
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By Jurijs Girtakovskis | TestTestTestTestTestTestTestTestTestTest
Market Wrap
00:27:10 AM EDT | 07/10/2009
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By Jurijs Girtakovskis | DADADADADADADADA
Market Wrap
11:58:14 PM EDT | 07/09/2009
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By Jurijs Girtakovskis | fdbsdfb
Market Wrap
02:16:50 AM EDT | 07/07/2009
Market wrap
By Jurijs Girtakovskis | Market wrap
Market Wrap
Sunday, June 14, 2009 7:29:18 PM
Market Wrap test 6/14 "ZA'ZA"
By Jim Brown | The better than expected economic results this morning helped the markets to post back to back gains and stretching the streak of gains to three days. "ZA'ZA"
Market Wrap
Saturday, June 13, 2009 3:44:39 PM
Test Market Wrap 090602(1)
By Jim Brown | The better than expected economic results this morning helped the markets to post back to back gains and stretching the streak of gains to three days.
Market Wrap
Thursday, June 11, 2009 3:58:40 PM
Waiting On Bonds
By Jurijs Girtakovskis | The markets traded sideways today as traders await the results from the 10-year and 30-year bond auctions later this week. Rising interest rates are slowing stock gains as traders worry how this will impact the economic recovery
Market Wrap
Thursday, June 11, 2009 9:11:51 AM
Another article
By Jurijs Girtakovskis | Testing market wrap
Market Wrap
Thursday, June 11, 2009 2:45:54 AM
Test!!!
By Jurijs Girtakovskis | WRAPWRAPWRAPWRAPWRAPWRAPWRAPWRAPWRAPWRAP
Market Wrap
Thursday, June 11, 2009 2:30:10 AM
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By Jurijs Girtakovskis |
Market Wrap
Thursday, June 11, 2009 2:23:03 AM
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By Jurijs Girtakovskis |
Market Wrap
Thursday, June 11, 2009 2:21:44 AM
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By Jurijs Girtakovskis |
Market Wrap
Thursday, June 11, 2009 2:18:27 AM
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By Jurijs Girtakovskis |
Saturday, May 2, 2009
Market Wrap
Swine Flu, Stress Tests And More!
By Todd Shriber |
It was another action-packed week for the markets. Trying to cram all the news into a confined space is a lot like listing all the ingredients on the front of a cereal box and telling people there's also a prize inside.
Thursday, April 30, 2009
Market Wrap
SPX 888 Gets the Square
By Keene H. Little |
In the past I've reviewed a very interesting technical analysis tool called the Gann Square of Nine chart. It is uncanny how effective it can be in pointing out important price levels. It did it again today.
Wednesday, April 29, 2009
Market Wrap
Broader Markets Advance Nicely on Seemingly Negative News
By Robert Ogilvie |
There appears to be a lot of capital being put to work despite the fundamental factors
Tuesday, April 28, 2009
Market Wrap
Just Passing Time
By Jim Brown |
The markets remain locked in a narrow range while trader sentiment is slowly inoculated against the swine flu and we await the potential results of the financial stress test.
Monday, April 27, 2009
Market Wrap
Health Care Scare
By Robert Ogilvie |
Another round of unknowns have come into the market. But this time it is not just the financials
Saturday, April 25, 2009
Market Wrap
Traders Stressing Over the Test
By Jim Brown |
It was a rocky week for the markets with the Dow making two complete tests of support at 7800 as traders worried how the financial stress test would change the banking sector.
Thursday, April 23, 2009
Market Wrap
Topping Process
By Keene H. Little |
Unlike reversals off bottoms, which are often v-shaped, a top is usually a laborious affair and a rounding top is very common. It would appear so far that that's what we're getting.
Wednesday, April 22, 2009
Market Wrap
Corporate Earnings Causing Volatility
By Robert Ogilvie |
Most of the market moves are earnings related
Tuesday, April 21, 2009
Market Wrap
Volatility Dip
By Jim Brown |
After Monday's -289 drop and today's +127 point gain it would appear that traders don't know how to react to the flurry of conflicting earnings reports. The dip on the BAC credit quality was bought but not in the kind of volume needed to convince the bears.
Monday, April 20, 2009
Market Wrap
Keeping it Simple
By Robert Ogilvie |
A sharp decline in the markets was wide spread and possibly due to fears that many of the large stocks reporting in the next day or so will disappoint
Saturday, April 18, 2009
Market Wrap
Going and Going and Going
By Jim Brown |
The markets are doing their impression of the Energizer Bunny as they stretched their rally gains to six weeks. Bulls are hesitant and bears are in denial but the result is still a higher market.
Thursday, April 16, 2009
Market Wrap
Techs Lead the Way Higher
By Keene H. Little |
Bullish enthusiasm is alive and well as evidenced by the stronger rally in tech stocks and small caps. The VIX is signaling little fear as the market reaches important resistance levels.
Wednesday, April 15, 2009
Market Wrap
Buying into the Close Ahead of the Earnings News
By Robert Ogilvie |
The last fifteen minutes seems to be the deciding factor for which way the markets are going to close that day
Tuesday, April 14, 2009
Market Wrap
Earnings Surprises
By Jim Brown |
Now that the Q1 earnings cycle has begun in earnest the number of surprises are growing and many are unpleasant. Traders hoping for bank like earnings elsewhere are being disappointed.
Monday, April 13, 2009
Market Wrap
Monday Deals help with the Sector Rotation
By Robert Ogilvie |
Sector rotation finds the financial sector no longer the weak link in the market, for now.
Saturday, April 11, 2009
Market Wrap
Full Moon Brings Out the Howling Bulls
By Keene H. Little |
A full moon is often associated with mood swings. It looks like this time around it got the bulls howling. But beware the werewolf (bear) who lurks in the shadows of the credit market.
Thursday, April 9, 2009
Market Wrap
No Thursday Night Newsletter
By Jim Brown |
Because the market is closed tomorrow for Good Friday there is no newsletter tonight. This week Thursday is actually Friday and Thursday's bullish market will be covered in the weekend newsletter, which is published on Saturday
Wednesday, April 8, 2009
Market Wrap
Thin Trading Easily Moves the Markets Up and Down and Up
By Robert Ogilvie |
Today was a volatile session that resulted in some short covering as a defensive more before the SEC changes the uptick rules.
Tuesday, April 7, 2009
Market Wrap
Don't Worry, Be Happy
By Jim Brown |
Stocks were all dressed up ahead of earnings but investors stopped off at the local watering hole for a drink before picking up their dates. Pre-earnings jitters settled in like a nervous teen heading to his prom.
Monday, April 6, 2009
Market Wrap
Late day strength in markets does't translate to internals
By Robert Ogilvie |
The markets were all down slightly following the late day push up in most likely a few major names.
Saturday, April 4, 2009
Market Wrap
Best Four Weeks In 70 Years
By Jim Brown |
Over the last four weeks the S&P is up +23% and the Nasdaq +24%. Bears are in denial and the bad news bulls are in control
Thursday, April 2, 2009
Market Wrap
The Land of Make Believe
By Keene H. Little |
The excuse du jour for today's rally was the FASB ruling for the banks. But if it was so good for banks why didn't they participate as much?
Wednesday, April 1, 2009
Market Wrap
Economic Reports Spur Positive Sentiment
By Robert Ogilvie |
Tonight's market wrap encompasses trading lessons and concepts while discussing the day's events
Tuesday, March 31, 2009
Market Wrap
Dip Buying Alive and Well
By Jim Brown |
Smarting from the profit taking on Monday, mutual funds again bought the dip and pushed the indexes back into the green to end the quarter with strong gains but sellers showed up again at the close.
Monday, March 30, 2009
Market Wrap
A Declining Day Doesn't Translate into a Distribution Day
By Robert Ogilvie |
One week we pop and the next one we drop. Merger Monday took a week off.
Saturday, March 28, 2009
Market Wrap
Big Drop, No Damage
By Jim Brown |
The -148 point Dow drop on Friday may have been a triple digit decline but it was only a blip in the overall picture. After rebounding +1461 points Friday's decline was not even decent profit taking
Thursday, March 26, 2009
Market Wrap
Nasdaq Wipes Out Year's Loss
By Keene H. Little |
The Nasdaq had closed at 1577 on December 31, 2008 and today it closed at its high at 1587 thereby getting into the green for the year.
Wednesday, March 25, 2009
Market Wrap
Positive Bias but Volatility is the Key
By Robert Ogilvie |
Volatility still runs rampant in the markets. Even though it closed up doesn't mean it stays up.
Tuesday, March 24, 2009
Market Wrap
Good News Continues
By Jim Brown |
The combined testimony of Tim Geithner and Ben Bernanke provided several bright spots for the markets because lawmakers were unable to beat them up as they had in the past. The market rallied on the feisty rebuttals and the perception the worst is over.
Monday, March 23, 2009
Market Wrap
WOW! is the Best Way to Explain Today
By Robert Ogilvie |
The markets all rallied today following positive a housing report and the Treasuries new plan.
Saturday, March 21, 2009
Market Wrap
Anger Grows Over Bonus Tax
By Jim Brown |
The rapid attempt by lawmakers to impose a 90% tax on the AIG bonuses caused a bit of concern on Wall Street since nearly all the major financial firms have been tainted by TARP money and will be governed by the new tax rules if it becomes law.
Thursday, March 19, 2009
Market Wrap
The Starter Pistol Fired for the Race to Devaluation
By Keene H. Little |
On Wednesday the Fed started the race towards devaluation of currencies worldwide. With the Fed's efforts to buy Treasuries they single-handedly made the boldest protectionist move to date. The inflationists are now all in a dither.
Wednesday, March 18, 2009
Market Wrap
FOMC Buys the Market
By Robert Ogilvie |
If the Fed were smart, they would front run their policy announcements by buying S&P futures
Tuesday, March 17, 2009
Market Wrap
Wearing of the Green
By Jim Brown |
It was a happy St Patrick's Day with investors wearing green in the form of another rally to new two-week highs across all the indexes.
Monday, March 16, 2009
Market Wrap
Selling into Resistance Works!
By Robert Ogilvie |
Today was a slight give back following four advancing days
Saturday, March 14, 2009
Market Wrap
Check your Expiration Date
By Jim Brown |
The short covering spike that started on Tuesday found some legs and twice overcame a halfhearted attempt by sellers to blunt the rising bullish sentiment. The result was a 10% rally and the best week in months.
Thursday, March 12, 2009
Market Wrap
Bulls Follow Through
By Keene H. Little |
After Tuesday's strong rally and Wednesday's consolidation we got a nice follow-through day today. It's the best 3-day performance this stock market has seen Santa dropped in.
Wednesday, March 11, 2009
Market Wrap
Two In A Row
By Jim Brown |
JP Morgan made it two in a row when CEO Jamie Dimon told CNBC that JP Morgan Chase was also profitable in January and February. The markets were drifting deeper into negative territory when the comment reversed the trend and pushed the indexes back into the green.
Tuesday, March 10, 2009
Market Wrap
Finally Some Good News
By Jim Brown |
Citibank, Ben Bernanke and Barney Frank all made comments that gave the markets a reason to rally today. The Dow gained +5.8%, S&P 6.3% and Nasdaq 7%. Is it a real rally or just a monster short squeeze?
Monday, March 9, 2009
Market Wrap
Today's Uncertainty Follows Friday's Uncertainty
By Robert Ogilvie |
The media has been working hard to spin good news for once. Perhaps they have capitulated from doom and gloom to cautiously optimistic.
Saturday, March 7, 2009
Market Wrap
Shorts Scramble As Week Ends
By Jim Brown |
Shorts took profits at the close on Friday rather than leave themselves exposed to possible news events over the weekend. The Dow rebounded +165 points from the lows to limp back into positive territory.
Thursday, March 5, 2009
Market Wrap
The Bulls Have Gone on Strike
By Keene H. Little |
The selling overwhelmed the buying (again), and the point count shows a steep decline today, but the selling is showing waning momentum. We just might be near a turn.
Wednesday, March 4, 2009
Market Wrap
Was That A Bottom?
By Jim Brown |
After a dismal bout of bearishness could it be that we just saw a bottom form? Upticks in China for the third month and rumors of a new stimulus program helped to power a little short covering on Wednesday.
Tuesday, March 3, 2009
Market Wrap
Market Timer In Chief
By Jim Brown |
Fed Chairman Ben Bernanke, Treasury Secretary Tim Geithner and the Market Timer in Chief all spoke before the cameras today and left the markets as confused as before they spoke.
Monday, March 2, 2009
Market Wrap
Markets Extend their Decline Near 1995 Support Levels
By Robert Ogilvie |
Once again, we are following the money flow in order to look where opportunities lie.
Saturday, February 28, 2009
Market Wrap
Citigroup, GE, GDP
By Jim Brown |
It is a miracle the markets did not lose more ground than they did after Citigroup diluted existing shareholders to 26%, GE cut their dividend by 68% and the GDP for Q4 posted the strongest drop since 1982.
Thursday, February 26, 2009
Market Wrap
Volume Leads the Way
By Keene H. Little |
When you look for confirmation of a move you like to see volume supporting the direction. Unfortunately the market is still showing higher volume for the declines than for the rallies.
Wednesday, February 25, 2009
Market Wrap
Buyers Vanish Near The Close
By Jeff Bailey |
US stocks finished mixed-to-lower Wednesday with the broader S&P 500 (SPX.X) giving back a modest gain late in the session ...
Tuesday, February 24, 2009
Market Wrap
Love Potion Number Nine
By Jim Brown |
Thank you Ben Bernanke. During Bernanke's semiannual testimony to lawmakers today he downplayed the potential for nationalizing the banks. After saying the government would rather retain private ownership the financial sector exploded higher.
Monday, February 23, 2009
Market Wrap
The Good, the Bad and the Ugly... of the Market
By Robert Ogilvie |
It is a very tough environment right now to trade. The markets are so oversold that it is difficult to short from here in fears that some news release from the Fed will spur a rally. The other side of it is that almost everyone is hoping that will happen. I learned early that there are three ways to lose money in the market; hope, fear and greed.
Saturday, February 21, 2009
Market Wrap
Nationalization A Necessary Step?
By Jim Brown |
Senator Christopher Dodd, chairman of the Senate Banking Committee, told Bloomberg News that nationalization of major banks could be a necessary step at least for a short time. That comment sent the major banks down -30% and the Dow to the lowest close in six years.
Thursday, February 19, 2009
Market Wrap
DOW Closes at Lowest Level since October 2002
By Keene H. Little |
The headlines released after today's close highlighted the fact that the DOW closed today below 7500 which makes it the lowest close since October 2002. How's that for a trip around the block in 6-1/2 years?
Wednesday, February 18, 2009
Market Wrap
Precious Metals Respond To Stimulus
By Jeff Bailey |
Stocks finished mixed to lower after Tuesday's sharp declines, with regional banks as depicted by the S&P Banks Index (BIX.X) 64.43 -1.91% yet to find any type of prolonged stimulus ...
Tuesday, February 17, 2009
Market Wrap
November Retest In Progress
By Jim Brown |
The markets reacted to negative economic news from around the world with the Dow falling to 7553 and only one point away from the November closing low. Even the signing of the spending bill could not keep the markets off their lows.
Saturday, February 14, 2009
Market Wrap
Much Ado About Nothing
By Jim Brown |
President Obama rescued the market from an early loss on Friday when he said he would announce a foreclosure prevention plan next Wednesday. The Dow was down -85 points and headed lower when the news broke. After a brief rally back into positive territory it closed back at that -85 level.
Thursday, February 12, 2009
Market Wrap
Fear Factor
By Keene H. Little |
We'll take a look at the volatility indexes today to see what the message from the market may be telling us here.
Wednesday, February 11, 2009
Market Wrap
Still In Limbo
By Jeff Bailey |
The major averages finished mixed-to-higher Wednesday in quiet trade as investor frustration with the Treasury's lack of details on how it plans to ease the lingering credit crisis continues.
Tuesday, February 10, 2009
Market Wrap
Market Stress Test
By Jim Brown |
The markets did not like the Geithner plan with a unified stress test for banks and the lack of specific details in the plan. The market responded with a stress test of its own that sent investors into cardiac arrest.
Monday, February 9, 2009
Market Wrap
While we Wait
By Robert Ogilvie |
Another uneventful day with a lot of news pending.
Saturday, February 7, 2009
Market Wrap
Irrational Exuberance Redux
By Jim Brown |
Dozens of rumors about the impending bank plan from Treasury Secretary Geithner along with details leaked about the Term Asset-backed Loan Facility (TALF) and the impending vote on the stimulus bill all combined to send expectations to an irrational level on Friday.
Thursday, February 5, 2009
Market Wrap
Bonds Are Not Cooperating with the Fed (Yet)
By Keene H. Little |
Greenspan was fond of saying the bond market is a conundrum--it usually did not do what he wanted. Today we have a bond market that's not "listening" to Bernanke either.
Wednesday, February 4, 2009
Market Wrap
Bank of America Hits 52-week Low
By Jeff Bailey |
Stocks opened higher at Wednesday's open, but another new low for Bank of America (NYSE:BAC) $4.70 -11.32% soured bullish sentiment ...
Tuesday, February 3, 2009
Market Wrap
Short Squeeze #6
By Jim Brown |
The markets rallied on Tuesday in the face of bad news but I seriously doubt this was anything other than the sixth bear market short squeeze of 2009. Hopefully I am proved wrong before the week is out.
Monday, February 2, 2009
Market Wrap
Technology is having a Stealth Rally!
By Robert Ogilvie |
Today was a relatively slow day lacking any conviction from the bounce from the early morning lows.
Saturday, January 31, 2009
Market Wrap
Not What You Expected?
By Jim Brown |
Only two weeks after the inaugural honeymoon began the dissention and unrealized expectations have begun. The Obama bloom has quickly faded and the harsh reality of politics appeared and Wall Street was not happy with what they saw.
Thursday, January 29, 2009
Market Wrap
Treasury's Version of Good Cop, Bad Cop
By Keene H. Little |
After Wednesday's strong rally, based on hopes the "bad bank" idea would solve the financial crisis, Thursday dashed those hopes and the slippery slope of hope continues.
Wednesday, January 28, 2009
Market Wrap
An InTOXICating DAY!
By Jeff Bailey |
The rally that began just after yesterday's close carried forward as market participants dealt with another possible "switch" in Treasury policy...
Tuesday, January 27, 2009
Market Wrap
Bad News, Good Market
By Jim Brown |
A record low in Consumer Confidence rattled the markets at the open but the impact was only temporary. Better than expected earnings reports turned the market around and for the second consecutive day the markets closed higher.
Monday, January 26, 2009
Market Wrap
Follow the Money
By Robert Ogilvie |
The path to a good trade is found by following where the money was and may be heading.
Saturday, January 24, 2009
Market Wrap
That Was Fun
By Jim Brown |
The markets displayed a complete lack of direction with a week of alternating moves reminiscent of trading in November. Daily triple digit reversals pushed the VIX back to a high of 57 on volume of more than 10 billion shares per day.
Thursday, January 22, 2009
Market Wrap
Mr. Softee Lands a Hard Blow
By Keene H. Little |
As if this morning's economic reports weren't enough, Microsoft announced earnings in the morning instead of after the bell and the market was not happy with their report. The market spent the rest of the day trying to get up off the mat.
Wednesday, January 21, 2009
Market Wrap
What's BIG and BLUE and GREEN All Over?
By Jeff Bailey |
"Here I come to save the day ... "
Tuesday, January 20, 2009
Market Wrap
Honeymoon Is Over
By Jim Brown |
After months of buildup and euphoric levels of anticipation president elect Obama became President Obama and that oath of office signaled the end of the honeymoon and the rocky start of four years of service to the American people. Unfortunately this is where the rubber meets the road.
Saturday, January 17, 2009
Market Wrap
Financial Faux Pas
By James Brown |
It was a newsworthy Friday for January's option expiration weekend. Headlines were flying fast and furious. Stocks couldn't make up their mind.
Thursday, January 15, 2009
Market Wrap
Late Opex Reversal
By Keene H. Little |
For the past couple of years we've seen the Thursday prior to opex as a head-fake day with a reversal often catching traders leaning the wrong way. It looks like the reversal day was a week late this time.
Tuesday, January 13, 2009
Market Wrap
A Look at 2009 and Beyond
By Keene H. Little |
Last Thursday I looked at what 2009 could bring us (an expected rally after a new low) and before I put my crystal ball away I thought it would be a worthwhile exercise to look beyond 2009 as well.
Monday, January 12, 2009
Market Wrap
Bulls Need Financials To Rally. Now!
By Jeff Bailey |
Stocks started the week out on a negative note with energy and financials helping to drag the broader S&P 500 (SPX.X) lower by 20-points, or -2.25% ...
Saturday, January 10, 2009
Market Wrap
Better Than Expectations
By Jim Brown |
The December jobs report was ugly but not as ugly as most people expected. The whisper numbers of 600K to 700K were over exaggerated but the actual tone of the report still depressed the market.
Thursday, January 8, 2009
Market Wrap
Choppy Recovery Off the Lows
By Keene H. Little |
Two days in a row with a gap down opening sets a bearish tone to the market. But the bulls were able to recover and get the market back up into the green. Now can they hold it?
Wednesday, January 7, 2009
Market Wrap
Bulls Pull In Their Horns
By Jeff Bailey |
The major averages gave back a portion of their Santa Clause rally today with Alcoa (NYSE:AA) $10.89 -10.14% and Intel (NASDAQ:INTC) $14.44 -6.05% issuing caution ...
Tuesday, January 6, 2009
Market Wrap
Still Not A Believer
By Jim Brown |
The markets struggled again on Tuesday to find traction above current resistance. The Nasdaq and Russell outperformed while the Dow and S&P eked out only minor gains.
Monday, January 5, 2009
Market Wrap
A Stealth Rally!?
By Robert Ogilvie |
The internals represented a nice day in the market today with a 2 to 1 Advance/Decline line and bonds selling.
Saturday, January 3, 2009
Market Wrap
No Complaints!
By Jim Brown |
I was expecting a much different market once we moved into 2009 but I definitely have no complaints about Friday's results. An unexpected rally is the best kind because it catches the most bears unprepared and racing to cover shorts.
Thursday, January 1, 2009
Market Wrap
Baby Oil
By Jeff Bailey |
Stocks finished a bearish year on a bullish note with a better than forecasted weekly jobless claims report helping to bolster some technical buying ...
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