Online Stock Trading

IBD calls for confirmed rally, Big Ben hints at rate cuts

The most likely scenerio, the bulls will run with the hope of more FOMC target rate cuts.  Wednesday’s action proved that when stocks soared on big volume.  Thursday’s action was an excellent day to see the market stand still on lower volume.  The market simply can not go straight up, you like to see days […]

Day 3, Stocks Soar on Hopes

Volume swelled as traders cheered Kahn’s comments about another possible FOMC rate cut.  Although this V-shape move is more severe than in Aug we still can not fight it.  Day 11 of the attempted rally is when the FOMC will announce its cut.  That is, if we don’t get a surge on one of the […]

Stocks Rally with Volume, Day 1

Tuesday’s trade marked Day 1 of an attempted rally.  During this current Market Correction traders have not been able to sustain more than one day of any attempted rally.  It is important in order for a new confirmed rally to work that we get accumulation.  Yesterday’s trade was the start of that, albeit volume was […]

Stocks Can’t Hang Onto Gains, End Badly

Upbeat news out of the US retailers had stocks poised for a higher open until more credit concerns swooped in.  The rally on Friday now looks more like a short covering rally than any type of accumulation.  Market participants simply do not want to accumulate stocks and are waiting for another moment in time to […]

And so Sellers take out this mornings rally!

So much for a rally…VIX not confirming this move down.  I still see more downside for a general trend.
Market Speculator

Watch for rally…

There are far too many bears in the woods.  AAIIBEAR index hit 52.71%, very high for the short term.  Watch for stocks to rebound using Friday’s trade and upbeat news from retailers from this past weekend. 
I was at a mall Saturday around 11am.  I was able to park with ease, walk around without trouble and […]

Point and Figure Charts

Just remember that these do not show volume.

Stocks Can Not Find a Bottom

Stocks continue to search for a bottom as more worries about the falling dollar and housing markets.  As dip buyers continue to operate looking for bargains they continue to lose.  Stocks will be poised for a lift after Thanksgiving Day, but can it last for the entire (shortened) trading day?  The VIX CBOE Market Volitility […]

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