New Highs Arrive – Where is all the Fanfare? Wednesday’s Chart – Updated Elliott Wave Count -Monthly $DJIA
Did I miss something? I don’t remember hearing any shouts of joy or any applause when the S&P moved to new all times. Nor did I hear any shouts or applause when the NASDAQ-100 pushed to new 15 year highs or when the Russell 2000 finally and I mean finally moved up to a new […]
Continue readingLogical Market Update: From That to This & This…
From that to this & this… For most of this week the best trading has taken place within the first couple of hours of U.S. trading. But it appears that once lunchtime rolls through the East and Central time zones volume does a vanishing act. Which often leaves computers with nothing to do but switch […]
Continue readingLogical Market Update: First Down Day – The Beginning or Buying Opportunity?
First Down Day For Equities – Just the Beginning or Buying Opportunity? After Monday’s big disappointment courtesy of a very tight inside day, Tuesday’s trading action brought some welcomed relief. The optimal word is some. Refreshing is a word I heard used – It was like a fresh cool drink in the desert another contrarian […]
Continue readingLogical Market Update: Morgan Stanley’s Selling What? NYSE Margin Debt & S&P 500 All Time Highs
Second Verse Same As the First: Morgan Stanley Pushing Non-Prime Fund to European Investors – NYSE Margin Debt and S&P 500 All Time Highs To say that people learn from their mistakes is a fabrication. Seems that several of the TBTF banks have decided to repackage their sub-prime mortgages and ship them off to Europe […]
Continue readingLogical Market Update: Market Update FED Comment – Much Ado About Nothing
Market Update: FED Comment – Much Ado About Nothing – Produces Numerous Trading Opportunities – MasterCard and Visa Swiped by Fed Judge Wednesday was a traders dream type of day. There were plentiful opportunities across the board in equities, treasuries, precious metals, and commodities. Volumes increased which increased price volatility and velocity. Today’s action […]
Continue readingLogical Market Update: Equity Index Market Update
Equity Index Market Update The last three trading sessions have appeared to be mirror images of the same trading strategy. Amazingly, there are players out there (large players) that still believe manipulation goes unnoticed and their tactics on how they manipulate is legal. The fact is it isn’t but there is little being done about […]
Continue readingLogical Market Update: The Bull’s Got Nerves of Steel & —
The Bull’s Got Nerves of Steel & – Yeah Right! Whatever! Good Luck With That! The bull’s got a brass pair! Wednesday’s market action did not satisfy any criteria as a correction at least from my perspective. The bulls continue to throw more and more cash around appearing to be trying to suck in any […]
Continue readingLogical Market Update: Friday is Futures & Options Expiration – Equity Update
Friday is Futures & Options Expiration – Equity Update – GOOG & MSFT Disappoint & Slide 5% Media headlines are becoming more humorous as reporter’s grapple to find a reason for the markets continued rise. One very popular financial site ran a banner “Breaking News” headline: Detroit Has Filed for Chapter 9 Bankruptcy Protection right […]
Continue readingLogical Market Update: Near Term Outlook for Russell 2000 – Rallies Pick Up AfterHours – Dollar Crumbles
Near Term Outlook for Russell 2000 – Afterhours Madness – Broader Indexes, Bonds, Precious Metals Soar – Dollar Crumbles – The Power of the FED? The broader indexes took off with a vengeance after hours on Wednesday. As I sit down to write this blog the DJIA future is up 113, the S&P 500 future […]
Continue readingLogical Market Update: Anybody Else Noticing? Hype is on the Rise!
Is Anybody Else Noticing? Hype is on the Rise! – The Russell 2000 Makes New Highs – DJIA, S&P 500 Should Follow – Treasuries In A “Dead Cat Bounce” I’m in a quandary as how to describe trading last Wednesday, Friday and also today. The broader index futures have now closed a second day “very […]
Continue readingLogical Market Update: Deja Vu of 2008 – Thursday Was Day Traders Dream – Long Bond Holders Bound in Nightmare!
It Felt Like 2008 Again – Thursday Was Amazing – Day Traders Dream – Long Bond Holders Still Trying to Wake Up From the Nightmare! If I thought Wednesday night into Thursday morning was an “Everything Must Go Sale” – Thursday’s U.S. sessions proved to be what I call a “Billy Graham Sell-Off”. All […]
Continue readingLogical Market Update: The Decline is in Full Force – Precious Metals Slide Lower – $/Euro Crushed – Bonds Are For Sale!
The Decline is Again in Full Force – Precious Metals Slide Lower – Dollar/Euro is Crushed – Bonds Are For Sale and Nobody Wants Them Fed Chairman Bernanke came he saw, he spoke, and the markets began to slide. When Asia and then Europe took over the selling spread more heavily to the Euro, […]
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