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March 28, 2007: Bernanke, Oil, Economic Data Temper Enthusiasm; Oil Stocks Surge; Stock of Day - Houston Wireless (HWCC)Comments: 2 | Categories: State of the Market
Apologies for getting the report out so late tonight. IE7 froze (surprise, surprise) and half the report wasn't saved. Is it just me or do others find themselves using Fire Fox almost exclusively? I know I won't ever write a...
March 25, 2007: Step Aside In An Uncertain Market; Energy Heating Up
Comments: 0 | Categories: State of the Market
Last week was supposed to provide more of an indication of how steep the correction would be, but all we have now is more uncertainty... both from a technical and fundamental perspective. Fundamentally, we're once again going to play the...
March 21, 2007: How Quickly Bears Turn Into Bulls; Stock of the Day - Zumiez (ZUMZ)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: So the Fed removed "additional firming" in its statement today and traders felt that was enough to put the possibility of a rate hike a bit further on the back burner. Considering that the Fed...
March 20, 2007: After Market Report - Buyers Lack Conviction; Energy Looking Good
Comments: 6 | Categories: State of the Market
::: Today's Market Action ::: Merger activity was a major catalyst in propelling the market higher at the end of '06 and into '07 and that was the case today as well. On the surface (looking at price performance alone)...
March 18, 2007: Market Improves Technically; Housing Date & Fed Decision Loom
Comments: 0 | Categories: State of the Market
With the exception of Wednesday's high volume reversal, the market played out fairly predictably from a technical standpoint. The dead cat bounce gave way to significant selling, albeit short lived as buyers and short covering lent some support in the...
March 14, 2007: Key Reversal - Bulls Put Up a Fight
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: Just as they have done many times before over the past few months, the bulls will not go down without a fight. A reversal off the lows after 2 days (ok one and a half)...
March 13, 2007: Trust the Charts, Stay One Step Ahead; Stock of Day - Smith & Wesson (SWHC)
Comments: 1 | Categories: State of the Market
::: Today's Market Action ::: During times of market corrections or break outs it's critical to trust what the charts are telling us and not get wrapped up in emotion. Based on a few emails from members and some of...
March 6, 2007: A Modest Short Covering Rally; Stock of the Day - Bolt Technology (BTJ)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: The market was due for a bounce after several days of sharp declines, but today's action wasn't any indication that a bottom to this correction has been put in. However, it was strong enough to...
March 4, 2007: Weekly Market Report - Focusing on the Negative
Comments: 0 | Categories: State of the Market
It finally happened. The much anticipated sell off. I have been mentioning over the past few weeks that the market was pricing in perfection and that I wasn't seeing where future upside catalysts would come from. In last week's report...
March 2, 2007: Worden of Telechart On the Sell Off - The "Bravado Stage"
Comments: 0 | Categories: State of the Market
The following are the thoughts Don Worden, founder of TCNet/TeleChart, a great real time chatting/charting application. It was written the evening after the market sell off. Don's a great writer and always offers eloquent insights into the market action. The...
March 1, 2007: Nasdaq Accumulation - Small Victory for Bulls; Top Home Health Care Play LHC Group (LHCG) Breaks Out
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: The bulls can claim a small victory today - at least in the Nasdaq which carved out a reversal to close back above first level of support around 2400 with volume higher than yesterday. That's...
February 27, 2007: After Market Report - The Straw That Broke the Markets' Back
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: Today's Self Investors Leading Stocks Index said it all: 425 Decliners to 11 Advancers (see below). It seemed like deja vu with today's sell off. I mentioned in the weekend report the ominous sign of...
February 27, 2007: Market Correction Now? Now What?
Comments: 0 | Categories: State of the Market
I've had a few requests from premium members to provide my thoughts on how to play this market right now. I thought I'd pass along with what I shared with them here.. I've had a few questions this morning about...
February 25, 2007: Weekly Market Report - Is the Men's Room Indicating a Market Top
Comments: 0 | Categories: State of the Market
Last May on a flight to Mexico I couldn't help but overhearing a couple behind me spending about 30 minutes discussing how well the market has been doing. They appeared to be average investors with who might follow the market...
February 20, 2007: After Market Update - Nasdaq Breaks Out As Small/Mid Caps Lead the Way; Volume Waning on S&P and Dow; Stock of Day - Morningstar (MORN)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: I mentioned in the weekend report that I would get increasingly bullish if the Nasdaq broke out of that consolidation with volume. It did that today. As a result, I got a bit more bullish...
February 18, 2007: Weekly Market Report - Looking for Naz Break, Japan Heating Up (JEQ, JOF, EWJ), CPI & Fed Minutes Tuesday
Comments: 0 | Categories: State of the Market
Just when it appeared the market would begin a slide into significant deterioration, Bernanke saved the day on Wednesday with dovish comments, indicating inflation concerns continue to diminish and the economy remains strong. It provided a catalyst for another surge...
February 14, 2007: Market Loves Bernanke, Broad Rally With Volume; Stock of Day - Titanium Metals (TIE)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: Leave it to the calm and upbeat Bernanke to spoil the bears attempt to send this market into the much anticipated, all so elusive correction. I'm not sure what the stats are on this but...
February 13, 2007: After Market Report - A Weak Bounce Ahead of Bernanke; Stock of Day - ICON (ICLR)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: After 3 straight down days, it looked the market was looking for an excuse to rally and it found one the rumored takeover of Alcoa by either BHP Billiton (BHP) or Rio Tinto (RTP) which...
February 11, 2007: Weekly Market Report - Pay Attention to Reaction of News, Metals Shine Again
Comments: 0 | Categories: State of the Market
We just wrapped up what was perhaps one of the quietest "non holiday" weeks of trading in recent memory. It was a nice change, allowing me to work on some other projects and rest a bit. I wouldn't mind having...
February 9, 2007: After Market Report - The Calm Before the Storm? Stock of Day - Liquidity Services (LQDT)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: Just when it looked like it was going to be another ho hum day of trading to wrap up the week, the bears stirred to life ahead of the weekend and sent the market into...
February 5, 2007: Pricing In Perfection
Comments: 0 | Categories: State of the Market
When trying to determine where the market is headed over the next several days, weeks.. I almost exclusively rely on price/volume and support/resistance analysis but I also keep in mind what the market is currently pricing in and whether the...
January 31, 2007: After Market Report - GDP, Fed Set the Market Afire But Leaders Lag; Stock of Day - BE Aerospace (BEAV)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: As has been the case over the past couple the months, when the market wobbles to and fro and looking ready to plunge into a correction, out comes data and Fed speak indicating everything is...
January 28, 2007: Weekly Market Report - Metals Shine, Nasdaq Takes Out Support .. Again
Comments: 0 | Categories: State of the Market
It was another volatile and unpredictable week, but when the dust settled the end result was another round of deteriorating technical action. With the S&P and Dow still above their 50 day moving averages and the Nasdaq with support at...
January 25, 2007: This Rally May Be Coming to an End; Stock of the Day - Bitstream (BITS)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: It's been a long day and the words are beginning to blur together, so I'll try and keep this short tonight - I mentioned last night that after weighing the negatives and positives, it was...
January 24, 2007: After Market Report - Despite Big Nasdaq Move, Reason to Be Cautious; Stock of Day - Life Time Fitness (LTM)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: With a light economic calendar this week, earnings (see today's earnings movers below) were once again the focus of traders. This time around strong earnings from some big tech names fueled a big Nasdaq bounce...
January 21, 2007: Weekly Market Report - Support Intact, But Market on Shaky Ground
Comments: 0 | Categories: State of the Market
Last week was a week of role reversals, as tech related stocks took a back seat to previously pummeled commodity stocks. The selling in the Nasdaq was particularly intense with semiconductors sustaining significant technical damage. This does not bode well...
January 18, 2007: After Market Report - Nasdaq's Worst Day Since June 13th; Stock of Day - SEI Investments (SEIC)
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: For the second straight day, the Nasdaq took the brunt of the selling and led the market lower. It gets worse. In terms of price and volume action combined, today marked the worst performance of...
January 17, 2007: After Market Report - Intel Disappoints, Cisco Downgrade Again Too Much for Nasdaq
Comments: 0 | Categories: State of the Market
::: Today's Market Action ::: In a bit of reversal of fortunes, it was industries beaten down recently (oil, metals) that outperformed while the techs, led by an Intel earnings disappointment and another Cisco downgrade that provided the catalyst for...
January 15, 2007: Weekly Market Report - Bulls Still In Charge
Comments: 2 | Categories: State of the Market
What a difference a week makes. With a light economic calendar last week and earnings not yet in full force, I didn't expect the market to make any significant moves. However, a big plunge in crude helped fuel a break...
January 11, 2007: After Market Report - That's a Nasdaq Breakout; Stock of Day - Genentech (DNA)
Comments: 0 | Categories: State of the Market
I have been sending the following report (in addition to the Sunday night Weekly Market Report) on days of important market action to registered members of SelfInvestors.com but from now on I'll be publishing these reports at the blog as...
November 27, 2006: Dow and S&P Break Upward Trend Lines
Comments: 0 | Categories: State of the Market
Following a little Thanksgiving intermission, traders were in no mood to continue their buying spree. A declining dollar, civil unrest in Iraq, a valuation question of Google and poor sales results out of WalMart all provided good reasons for good...
November 6, 2006: Bulls Make a Stand, Major Indices Holding Upward Trend Lines
Comments: 0 | Categories: State of the Market
All indications were pointing to profit taking of some kind, with the big unknown being the severity of the decline. With the action of last week and today, it seems we're getting the answer. Any correction won't be severe. Over...
November 1, 2006: Round of Profit Taking Begins, Leading Stocks Deteriorate
Comments: 0 | Categories: State of the Market
After any sustained move in the market up or down, I get a bit more hyper vigilant about looking for clues that the trend is about to change, at least in the short term. That always begins with a read...
October 26, 2006: Nasdaq Takes Out Multi Year Highs With Volume, But Pay Attention to Tomorrow's Close
Comments: 2 | Categories: State of the Market
Just as the S&P did more than one month ago, the Nasdaq too has cleared multi year highs with sights set on much loftier goals of following in the footsteps Dow and taking out all time highs (a long ways...
October 17, 2006: Market Priced for Perfection, Ripe for Retreat
Comments: 0 | Categories: State of the Market
Christmas has come early for the Bulls. Over the past several weeks it seems that just about every economic report, Fed speech and recently earnings reports (most notably from consumer related stocks) have been just what the Bulls have asked...
October 3, 2006: Dow to Record High. Now What?
Comments: 0 | Categories: State of the Market
Don't mind me I'm just sorting out my thoughts about this current market and how best to play it. Getting my thoughts down in virtual ink helps put it all in perspective. Feel free to share your own thoughts! Once...
September 20, 2006: Dow and S&P Have Momentum to Blow Through Highs
Comments: 0 | Categories: State of the Market
As expected today, the Fed left rates alone following a series of economic data points indicating a soft landing ahead (but with a deteriorating housing market). The real story of the day and yesterday has been the resiliency of this...
September 12, 2006: Big Drop in Commodities Gives Market Momemtum, But Major Resistance Still Stands in Way
Comments: 0 | Categories: State of the Market
With traders filing in from Labor Day vacations and trading volume returning to normal levels, the market was to reveal more clues as to its direction. There certainly has been much speculation (myself included to a certain degree) that the...
August 17, 2006: S&P Joins Nasdaq With a Breakout
Comments: 0 | Categories: State of the Market
Two days ago the Nasdaq broke out of its downward trend as money begin to flow into technology names once again. Yesterday, the S&P followed the Nasdaq lead and joined the ranks of breakout indices as traders once again cheered...
August 16, 2006: Nasdaq Clears Key Resistance, Volume A Bit Tepid
Comments: 0 | Categories: State of the Market
Following a surprising cooling in inflation, at least temporarily (let's remember that one month of data doesn't make a trend), the market got a nice pop yesterday. While volume came in higher than the day before, indicating accumulation, it was...
August 15, 2006: MarketSnapshot & MidDay Updates (Today the Rally is Muted)
Comments: 0 | Categories: State of the Market
I mentioned several weeks ago to members of Selfinvestors.com that another major upgrade is in the works.. I won't give a timeline because these projects always seem to take much longer than expected. BUT, I will say that one new...
July 30, 2006: Dow Also Surges Above Downward Trend Line, But Market is Flashing Red Flags
Comments: 0 | Categories: State of the Market
Last Tuesday, the S&P500 became the first major index to rise above resistance of its downward trend line. On Friday, the Dow too, was able to follow in the S&P's footsteps. Time to jump into long positions right? Not so...
July 25, 2006: S&P Clears Resistance On Follow Through, Dow Next?
Comments: 0 | Categories: State of the Market
After yesterday's big move with surprisingly little volume, it appeared that the market would once again turn tail at important resistance.. and that was the case in early trading this morning following a run up in oil and some poor...
July 13, 2006: Two Year Trend Lines In Jeopardy
Comments: 0 | Categories: State of the Market
On Tuesday, the market appeared to be setting up for a tradeable rally off support levels by reversing sharply off the lows in higher volume. It didn't take long for the bears to rush in and spoil the optimism, taking...
June 29, 2006: F-E-D Spells Relief
Comments: 3 | Categories: State of the Market
The market knows all and forecasts the future, pricing in fears and optimism along the way. Over the past few weeks the market has been pricing in rate hike, slowing economy and inflation fears and today was a clear indication...
June 16, 2006: Rise to Resistance
Comments: 0 | Categories: State of the Market
On a day like today it's very easy to see all that green and want to jump in with both feet and forget about where we are coming from. Granted, if you're swing or day trading today's move created opportunity....
June 8, 2006: Saved By the Bull - Convincing Reversal
Comments: 0 | Categories: State of the Market
When the market is searching for a bottom and you see it drop like a stone with heavy volume, you have to be on the lookout for that dramatic reversal that signals a bottom. We got it today. In a...
June 6, 2006: Unconvincing Reversal
Comments: 0 | Categories: State of the Market
The good news - the market avoided collapse on heavy volume. The bad news - the reversal didn't occur in very convincing fashion. At this point, it's very difficult to play the market either way. A bit late and/or too...
May 23, 2006: A Close Look @ The S&P500
Comments: 0 | Categories: State of the Market
It's on.. Let the bull and bear tug 'o war begin! After the bears had the run of the place over the past couple weeks the bulls have begun to step up and defend their ground a bit, but today...
May 16, 2006: Support Looms in Nasdaq - Rotation Where?
Comments: 0 | Categories: State of the Market
Howdy all, good to be back and attempting to get my arms around the market. After spending a week in Sayulita Mexico (wow, what a place) it's been more difficult than imagined to get back into a market mindset and...
April 11, 2006: The Tipping Point.. Again
Comments: 0 | Categories: State of the Market
It was just a couple of weeks ago that the the major indices broke to new multi year highs and were at least in position for a sizable, sustained move up from there. After today's move, that optimism has faded...
March 29, 2006: It's Been Confirmed - Nasdaq Breakout
Comments: 0 | Categories: State of the Market
It's official, the Nasdaq has joined the breakout party enjoyed by both the Dow and the S&P over the past couple weeks...and it did so in impressive fashion as volume rose considerably higher than the day before. If there was...
March 28, 2006: No End in Sight to Rate Hikes
Comments: 0 | Categories: State of the Market
The market was looking for a party, but the Fed wasn't in the celebratory mood. It seems before every new Fed announcement on rates there are predictions that we're in one and done mode.. or maybe one and another and...
March 15, 2006: 3rd Time a Charm?
Comments: 2 | Categories: State of the Market
We find ourselves again on the doorstep of another major market breakout with the little bear on the shoulder saying "its gonna fail again, its gonna fail again".. I suppose the bit of uncertainty and fear of past failures is...
March 6, 2006: The Big Squeeze: Something's Gotta Give
Comments: 0 | Categories: State of the Market
Are you ready for the final days of frustration, ready for this bull/bear battle to resolve itself? With the market getting squeezed between an intermediate upward trend line and upper resistance, I think it happens very soon. When a bull...
February 22, 2006: Waiting For a Move That Makes Me Go Wow!
Comments: 0 | Categories: State of the Market
Howdy all, apologies for the silence here of late. Out of the blue I was struck with a nasty case of bursitus/cellulitus and am just now regaining my strength and getting better every day. Having been in a hospital for...
February 7, 2006: The Fear Creeps In
Comments: 0 | Categories: State of the Market
With the major indices teetering near the edge of support levels that would keep the intermediate uptrend intact, the negatives once again become accentuated. Housing is slowing, earnings guidance is a concern, Iran fears, more rate hikes.... These are all...
January 22, 2006: Seahawks 24 - Carolina 10
Comments: 5 | Categories: State of the Market
I couldn't think of a good title for this post, so I thought I'd just throw in my prediction for today's NFC championship. Go Seahawks! Friday’s surprising sell off was reminiscent of an annoying in law that drops by for...
January 17, 2006: After Hours Tech Wreck - Market Faces Some Tests
Comments: 0 | Categories: State of the Market
I don't think too many could have predicted the kind of results that Intel and Yahoo posted after the bell. I know I was suprised. At the very least I thought maybe they post average results.. but they were far...
January 9, 2006: Springboard Off Support
Comments: 0 | Categories: State of the Market
What a start to 2006. It’s been about as good a start to 2006 as the start to 2005 was bad.. alleviating fears of another meltdown to start the new year and once again catching many off guard. The breakout...
December 30, 2005: Expectations of the Masses
Comments: 0 | Categories: State of the Market
Once again the market doesn’t deliver on expectations of the masses .. not much of a surprise there. Many market commentators had been wondering if we’d get the Christmas rally. What was that we had in November? The Christmas rally...
December 13, 2005: Awaiting the CPI Data
Comments: 0 | Categories: State of the Market
Once again the Fed spoke and once again (as far as what was said), I could care less. What’s important is how the market responds to the often vague wording of the Fed, which for today was ultimately positive as...
November 14, 2005: 5 Pictures Worth 5 Thousand Words
Comments: 0 | Categories: State of the Market
.. I think my math is correct there. Let's see, 5 pictures. One picture is worth a thousand words. So... I knew that math degree would come in handy at some point. Yep, the market is ripe for some consolidation...
November 2, 2005: Nasdaq Makes Biggest Move Since August '04
Comments: 0 | Categories: State of the Market
I know when my real time watchlist is a sea of green and the prices are flickering rapidly it's a big day with volume. However, it wasn't until I took a look at the chart of the Nasdaq over the...
October 31, 2005: A BIG step
Comments: 1 | Categories: State of the Market
Falling crude prices, strong consumer spending, a little M&A... it all led to a decent follow through following Friday's rally. The resiliency that the market has shown in the past 2 days following the distribution at resistance of last Wednesday...
October 26, 2005: Distribution @ Resistance
Comments: 0 | Categories: State of the Market
It was a real battle at resistance levels today with the market swinging back and forth all day. But eventually the bears won out as volume picked up on the sell side. Today's distribution at resistance sets up the possibility...
October 19, 2005: Massive Capitulation
Comments: 0 | Categories: State of the Market
Wow, the market never ceases to surprise does it. Just yesterday the Nasdaq hit resistance as institutions favored selling once again which led to yet another day of distribution (for the sixth time this month). That momentum continued in the...
October 16, 2005: Still No Sign of a Bull
Comments: 0 | Categories: State of the Market
Good news regarding inflation finally rolled in on Friday as core inflation remained in check, leading to a nice little relief rally. There continues to be no reason for the Fed to be concerned about higher oil prices creeping into...
October 7, 2005: Oil & Inflation
Comments: 0 | Categories: State of the Market
Once again it was the Fisher show, reiterating inflation concerns. On Tuesday the market was holding up just fine until the one man wrecking crew appeared to spoil the party. Today, he returned to take care of the few stragglers...
October 3, 2005: Averting a Meltdown One More Time
Comments: 1 | Categories: State of the Market
The resiliency of the market was once again on display last week, by narrowly avoiding a meltdown one more time, as key support levels held up. The action throws us right back into the trading range we've been accustomed to....
September 22, 2005: Market a Mess
Comments: 0 | Categories: State of the Market
After two days of destruction, triggered by yet another Fed rate hike and the prospects of yet another potentially catastrophic hurricane, the tone of the market has changed dramatically. Amazing how fast that happens isn’t it. Just 48 hours ago...
September 19, 2005: Market Shrouded In Uncertainty
Comments: 0 | Categories: State of the Market
"A market shrouded under the mystery umbrella of Greenspan and Co. gave way to certainty as the bulls roared ahead toward new highs on news that rates (for a moment) will stay in place. " That’s not the most likely...
August 25, 2005: Look Out Below
Comments: 4 | Categories: State of the Market
In the past several days, the major indices have been hanging on to support by a fingernail.. until yesterday afternoon. A late day surge in crude and renewed inflation worries sent stocks reeling and the major indices below key support...
August 14, 2005: Indices Testing First Level Support
Comments: 0 | Categories: State of the Market
After a fairly abrubt, unorderly pull back off the highs in the first couple days, this latest consolidation is actually shaping up to look fairly healthy. Friday's big drop wasn't a major concern considering volume levels were below average and...
August 2, 2005: What Resistance?!
Comments: 0 | Categories: State of the Market
The Nasdaq led the way today as potential resistance around 2200 (see yesterday's post) proved to be no match. Volume edged higher across all indices and closed near the highs of the day. The action doesn't get any more bullish...
July 31, 2005: Nasdaq Faces Resistance
Comments: 0 | Categories: State of the Market
It's been quite a ride for the market over the last couple of months and there really isn't any reason to think it can't continue.. which is what has me a bit on the cautious side. While the market looks...
June 26, 2005: Just a Quick Shakeout? Probably Not
Comments: 0 | Categories: State of the Market
After briefly breaking out of a fairly tight trading range towards the end of the last week, the market reversed course in a big way on Thursday and Friday. Conditions were certainly ripe for some profit taking, especially with strong...
May 31, 2005: Caution! Slippery Road Ahead
Comments: 0 | Categories: State of the Market
Sometimes it’s easy to lose site of the big picture when the market’s consistently rising and get caught in the trap of “the market will continue to rise”. In fact, writing these reports every so often helps to keep me...
May 18, 2005: This Bull Appears Ready to Run
Comments: 0 | Categories: State of the Market
Just when it appeared the market was going to run into resistance and fall flat on its face once again, a bullish inflation number sparked the market to a big rally above resistance, possibly setting the stage for a summer...
May 8, 2005: Turning the Corner, But...
Comments: 0 | Categories: State of the Market
Extreme market pessimism has given way to hope as the market has picked itself up by the ‘ol bootstraps and staged a decent looking rally over the past several days. Throw in a couple of accumulation days and you have...
April 17, 2005: Runaway Train
Comments: 0 | Categories: State of the Market
Sure didn't take long for the market to brush aside the one day wonder move following Fed comments and wipe out major support levels. The magnitude and decisiveness of the moves of the past couple of days will most certainly...
April 12, 2005: Greenspan Saves the Day..
Comments: 0 | Categories: State of the Market
The Fed threw the market a life preserver today. Comments alleviating concerns of a more aggressive policy whipsawed the market in the opposite direction, saving the market from drowning and undoubtedly inducing some short covering along the way. While big...
March 30, 2005: Not Impressed
Comments: 0 | Categories: State of the Market
Just short lived short covering or something more? That's the question after today's big move up from oversold conditions. You'd think with the broad based rally throughout the day, that volume would have swelled. Not the case. Volume levels were...
March 17, 2005: Equities Oil Slicked, Slips Below Support
Comments: 0 | Categories: State of the Market
Just when you think oil can't go any higher.. it just goes higher. 60 a barrel anyone? It's hard to believe that the price of oil was just $10/barrel in January '99 and $17/barrel at the beginning of '02. Unbelievable....
March 9, 2005: No Follow Through
Comments: 0 | Categories: State of the Market
The following is a portion of the report I sent to free members of SelfInvestors.com on Sunday (if you'd like to receive a market report like this each Sunday you may sign up on the home page by following the...
February 22, 2005: Waiting For Confirmation
Comments: 0 | Categories: State of the Market
(The following is a small portion of the free market report sent to members of SelfInvestors.com.. if you'd like to receive the free report via email each weekend, you may use the sign up form on the home page) The...
February 7, 2005: Good, But Not Great
Comments: 0 | Categories: State of the Market
The market capped off another solid week, with an impressive advance Friday as weak jobs data temporarily alleviated fears that interest rates will rise rapidly. On the surface, it looks like the market will shoot to the moon. But the...
January 31, 2005: Zeroing In On A Bottom?
Comments: 0 | Categories: State of the Market
First off, hats off to our troops and the brave people of Iraq who are providing inspiration to others in the Middle East. Our troops must be proud. Whether the news results in another forceful market rally is anyone's guess...
January 10, 2005: Teetering on the Edge
Comments: 0 | Categories: State of the Market
What the market did last week is what the market does best - make a move when you least expect it. While the market was certainly in overbought conditions and due for a retreat to major support levels, not many...
January 5, 2005: Market Faces a Big Test
Comments: 0 | Categories: State of the Market
Another early rally attempt gives way to institutional selling late in the day. That is the theme we have seen in the last three days, but the indices are still holding major support levels. If they don't hold, it could...
October 27, 2004: Send Those Bears Into Hibernation
Comments: 1 | Categories: State of the Market
The following is a portion of the free report I send out to subsribers of SelfInvestors.com. What I'll do is post portions of the report during critical moments for the market, but eventually would like to post the entire report...
July 20, 2004: Where Do We Go From Here?
Comments: 0 | Categories: State of the Market
Obviously, July has been ugly for the market, especially for the Nasdaq. Fear is building as negative events/outlooks continue to get priced in. But I don't think we've seen the end of the selling just yet. Bottoms usually occur at...
July 9, 2004: .. but it all looked so rosy
Comments: 0 | Categories: State of the Market
Looking out over the horizon last Wednesday, it would have been impossible to see the cliff right in front of you. That's because the sun was a shinin' right in your eyes. It all looked rosy just days ago as...
June 23, 2004: Here We Go!
Comments: 0 | Categories: State of the Market
We got it all today. The price movement, the close at the high, the volume, the break through resistance, the participation of technology and leading stocks leading the way. It all led to a day of accumulation as institutions began...
June 8, 2004: State of the Market
Comments: 0 | Categories: State of the Market
**Note: click on the day to see the report I sent to free members of SelfInvestors.com - if you would like to receive this report, you may sign up here. It's been a month or so since my last post...
May 12, 2004: Has a Bottom Been Found?
Comments: 0 | Categories: State of the Market
The market continued its downward spiral heading into lunch today with no end to the selling in sight. That is until an impressive and surprising end of the day rally that saw the Dow reverse nearly 200 points with increasing...
May 3, 2004: A Big Test for the Nasdaq
Comments: 0 | Categories: State of the Market
The market has jerked investors around pretty good for the last couple weeks as interest rate, China slowdown and Iraq fears all weigh on investors minds. For months, many have said all we need for another leg to the bull...
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