Making Runs, Agriculture and the Dollar Looking for Higher Ground
After a large run up in Q1 of this year Agriculture related commodities pulled significantly. Its not uncommon for futures to take a dive after such a large run up. However, a few short months later agriculture commodities are at it again. Check out the chart of DBA:
Right side of this chart […]
Can We Confirm This New Rally Attempt?
Friday was Day #2 of our most recent attempted rally. A tame CPI report helped boost stocks throughout much of the day. The hiccup of the day came starting after lunch where we say selling hit the markets. Many market pundits, including RevShark were calling for the demise of the morning […]
Financials Headed For New Lows, Stocks Lack Buying Interest
Financials continue to feel max pain as major banks continue to be hammered by selling. The exotic forms of investment continue to haunt those firms who were careless and did not handle risk properly. Selling has spread throughout the rest of the market as Crude Oil prices race higher. We are also seeing Grains and […]
Running In Place, Stocks Fail to Gain Any Ground
Monday the NASDAQ undercut its most recent rally attempt’s lows reseting our confirmation rally. Tuesday’s action failed to re-ignite a new rally attempt. Volume was on the light side as NASDAQ volume fell roughly 2% while on the NYSE we saw higher volume. This market continues its “no man’s land” path. Overall, this market does […]
Fear Invades the Market Like a Plague
Like storm clouds moving in Fear has gripped Wall Street. Two fear indicators: VIX and VXN have both risen 37% since the start of the month. It is unreal the amount of fear that has gripped many traders on Wall Street. Most likely candidate, not a big surprise crude oil prices […]
AMPH - American Physicians Svc
This market is not producing stocks with astronomical returns like we saw in 1999, 2003, and even 2004. Gains now seem to get cut off anywhere between 50-100% unless you are PDO and MXC. Although its been difficult I still manage to find excellent stocks although the market is bad. I want […]
The Market Giveth, The Market Taketh
The wildest and craziest market is the one we have on our hands. Friday’s action saw lots of panic but it also saw large cap oil related stocks actually fall as crude oil pushed about $138. Large capitalization oil stocks like CVX and XOM closed down on the day on heavier turnover. Even HES was […]
Stocks Power Ahead Lead by Small Caps
Thursday’s action was quite bullish with stocks opening higher at the gate. Volume on the NASDAQ was tracking higher all day and depending on your data provider it was either higher or just slightly lower than yesterday. IBD stated they saw volume lower but with the price action on the NASDAQ it has vaulted back […]
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