Stocks Take a Giant Step Back
Volume eases across the board but negative price action calls into question Wednesday’s Follow-Through Day.
Following a FTD by the market, a strong market would show immediate gains. However, we are living in a different market at this point in time. The 50dma proved to be too much for the S&P500 as it got hit hard [...]
FOMC Rate Decision To Hold Steady; Stocks End Higher Following Through
Amid the House of Representatives debating the new Stimulus package stocks moved higher on the Federal Reserve keeping rates unchanged.
Volume ran up in the first 30 minutes of trading as many on Wall Street were begging the Federal Reserve to pump more money into the system. Stocks were in a tight range leading up to [...]
New Poll!
Will inflating the dollar save the US Economy?
No (84%, 16 Votes)
Yes (16%, 3 Votes)
Total Voters: 19
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This Banking Crisis is Like No Other
Central banking is destroying our liberties and destroying this country.
Markets Move Higher as Bailout Package Looms and Fannie and Freddie as for More Billions
Stocks receive lift from the housing market, but a deeper look reveals almost half of the existing home sales were either foreclosure or short sale.
Stocks moved higher across the board Monday showing signs of life. Volume receeded more than 10% across the board as buying conviction just isn’t there. Ratios still remain negative as the [...]
Metals Are On The Run
Precious metals get a lift; the world beginning to lose confidence in the dollar as its reserve currency.
Precious metals are back in demand. Metals are often viewed as a protection against inflation and at the rate the Federal Reserve is printing dollars we could very well see inflation hit hard. The Federal Reserve has the [...]
The Market Slides on Mixed Earnings and Volume
Apple’s earnings news couldn’t outweigh the negative earnings from Microsoft.
Earnings season is always full of surprises; some good some bad. AAPL was able to blow away earnings on iPod sale, but MSFT disappointed and announced 5,000 in job cuts. The market did not take kindly to the poor MSFT news and subsequently triggered a [...]
Stocks Avoid Armagedeon; Beaten up Financials Lead the Way
Financial stocks lead the way after news of insider buying; banks are still insolvent.
Tuesday’s action would have left you to believe we were on the verge of absolute collapse, but the bulls were out and Wednesday’s action proved that cash is still KING! Financials are no tthe sector you want to be leading the market [...]



