Online Stock Trading

Market moves higher despite record number of Bears

Thursday’s action saw stocks rocket in higher trade. This is despite AAII Bear
index hitting a 52 week high of 54.98% and AAIIbull hitting 52 week low. The
population in bears have signficantly grown in the past weeks leading to a
silver lining to this decline. It could be over.
Russell 2k led the charge up […]

Indexes break trend head higher, but volume heads south

Lackluster day for stocks.  CPI, a measure of consumer prices came in higher than expectations.  Stocks acted positively, Fed Funds futures were pricing a more than 100% chance of a Fed hike in late June.  The Dow ended higher 1.03%, Nasdaq breaking an 8 day losing streak ended higher .65%, S&P500 […]

Panic about inflation continues

Investors ran for the hills again today.  More inflation fears spooked everyone on wall street. 
 
If you have been reading this blog you know that I am advocating cash…Today reinforces my belief cash is the place to be.  I hold two stocks, PRFT and HOM…PRFT is being sold at the open tomorrow.  […]

Another Failed Rally Attempt

Day 3 ended with our 3rd failed rally attempt. More Fed talk, more fear. There is a direct correlation with investors fears about the FED going too far. On CNBC’s show Closing Bell with Maria Bartiromo, George Soros is in the camp that the FED will overshoot. I have no doubts […]

Volume pulls back but so do Stock Indexes

Stocks started Friday session, day 2 of an attempted rally positive only to end in negative territory. Starting from the gates volume simply was gone. Early vacation for traders? Clearly, big institutions sidestepped Friday’s action and simply went home for the weekend. Again, market is leaning towards the downside and Friday’s […]

Late day reversal lifts Dow and S&P

Stocks sold off through mid-day. Al-Zarqawi’s death did nothing to drive any positive momentum in the early portion of the trading session. Selling accelerated throughout the morning and afternoon. Buyers stepped in and saved all the major averages from the depths of heavy selling action.
Dow […]

Markets turn to the DOWNSIDE!

Markets started a modest rally only to end negative. Dow pierced a pyschological level of 11k.
Not much else to report…Next week PPI numbers come out…if they come in HOT sparking increased fear about inflation will more than likely SPOOK investors.
CASH IS KING…stay in cash…best place
MktSpec

Market sells off again, cash is king.

The Dow Jones Industrial average took its prior low striking down this attempted rally. With weak leadership and low volume rallies this attempt was weak at best. Dow finished down .42%, Nasdaq down .32, S&P500 down .11%, Russell 2k down .41%, S&P400 down .56%, S&P600 down .67. As […]

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