Outlook for Next Week:
My market candle scans from Friday evening indicate to me that we’ll have a bullish Monday. I’m looking at 3 to 1 bullish indicators to bearish, although the strength (predominance) of the indicators appears a little weak.
My positive observation is shared by Yong Pan in Cobra’s Market View who notes that when [...]

Market:
11:03 AM
The market is holding up better than I thought it would. I couldn’t resist, and bought a little RIMM long at fire sale prices (69.91):
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RIMM

DJI

Pre-Market:
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8:45 AM
Good morning. Futures are down pre-market on the heals of a disappointing durable goods orders report this morning. Asian markets down overnight and European markets mixed. I’m not taking [...]

60 Minutes Featuring the Dow Jones Industrial Average, S&P 500 Index, and Powershares QQQ Trust September 14, 2009
When I do posts it is as much if not more for me because it helps me keep things in perspective. I am neither a bull nor a bear I am a trader and the most important thing [...]

So much for the dog days of summer.  The week of August 10-14 promises to be one of this summer’s more pivotal weeks for the capital markets: equity markets will contemplate the Federal Reserve’s Open Market Committee Statement on Wednesday for clues regarding the strength of the economic recovery and associated monetary policy; the bond [...]

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In rather peculiar trading, which saw relatively wide intra-day ranges and yet relatively tight closing prices, the S&P 500 broad market index closed the week of June 8-12 a whopping 8 points, or 0.85% higher.

The biggest story from last week, and one which I am monitoring very closely, is the rise of interest rates in the US. The Ten year treasury bond yield which stood at 3.16% a month ago has moved to 3.83% on Friday. The 30 year Treasury bond has moved from 4.06% a month ago to 4.6% on Friday The increase in rates is a major factor for US mortgage rates and for the hopeful turnaround in housing values and sales. US mortgage rates have jumped almost 28% during the past few weeks and this continues be a major factor for new homeowners who will need the incentive of low rates to be able to feel confident in buying a home.

Today’s Market Commentary Thursday June 4, 2009
Well are sell signals worked out pretty good yesterday. We hit both my pullback targets on the DJIA yesterday 8650 and 8600 and the daily 200sma on the SP500. We rallied into the close and it appears that once the SP500 hit it’s daily 200sma buying came in and [...]

Today’s Market Commentary Wednesday June 3, 2009
Well the DJIA hit the daily 200sma and closed below it again with a nice doji candle yesterday. We did not get the pullback I was looking for yesterday but we have had some selling overnight and today I have sell signals on the 1 and 2 day charts [...]

For the past three weeks we have been experiencing a period of broad market consolidation – a time when trading ranges narrow, whipsawing many traders to the sole benefit of their broker. This ‘digestion’ period came after nine straight weeks of gains on the Nasdaq – a logical point at which to pause and  view [...]

Today’s Market Commentary Monday May 11, 2009
Well I shot a ETF in 60, which was going to be my video debut at FINZ.tv but due to technical difficulties we were not able to get it produced in time for today’s open. That’s ok it was a lot of fun and bloopers galore but my videos [...]