Online Stock Trading

Is the EURO Topping?

Giselle, showing no love for the dollar?
Jay-Z doesn’t think so.
What is the problem here?  They are far too late to join the party.  With these high profile people they have waited far to long to display their displeasure for the dollar.  When these types of situations happens, the trend that has been in place is […]

Bears rule, Sell into Rallies

Sell into rallies, look for the dollar to rise against the EURO.  I am out of the country, but this is looking like a bear market in the making.
Best of Luck trading,
Market Speculator

Big Techs Dive, Others Recover Intraday

Removing the NASDAQ from the equation the markets turned in one bullish intraday reversal.  The NASDAQ did close well off its lows however, it was just one completely nasty day.  I fully expect this type of action for the weeks to come.  It will be a tug a war over the USD, US Housing market, […]

Markets Begin to Show Signs of Churning

Credit concerns continue to weigh on the minds of traders.  Wednesday’s action coupled with the action over the past couple of weeks is starting to show the market is in churn mode.  This whipsaw action can send most traders into a death spiral.  Look for the markets to continue to act like this over the […]

Stocks Begin to Look Tired

A new round of bad news emerging from the Nations largest banks, in particular Citigroup announcing more to come with write downs.  Traders sold off stocks to begin the day, NASDAQ opening down more than 1.2%.  By the end of the day, stocks had trimmed most of the days losses.  Volume fell across the board, […]

Colts are Cheaters!!!

Stocks Stage a Comeback

Thursday’s action certainly would have had bears thinking it would carry through to Friday’s trade.  However, stocks rebounded on lighter trade and closed higher for the day.  Price and volume action continues to lead to a mixed market.  Volume certainly is pointed to the downside, but price action still hints to a market that wants […]

Traders Take a Bite out of CROX; Send Stocks Lower

Stocks were crushed after disappointing earnings out of CROX and more fall out from the Subprime/Housing sector.  It comes to no surprise to me that we continue to see foreclosures and worse than expected losses from this arena.  Can things get worse?  Sure can, but we must remember that Housing will only take 1% - […]

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