Logical 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: 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: Near Term Outlook Gold & Silver
Near Term Outlook Gold & Silver – Downside Potential Stronger Wednesday’s trading was limited with intraday ranges also limited for most issues. After hours tech titans IBM and INTC reported earnings. Initially reaction took the stock prices lower, which included a very brief downdraft in the NDX and SPX futures only to be replaced by […]
Continue readingLogical Market Update: Precious Metals Hammered Lower – Negative Momentum Getting Extreme
Gold & Silver Hammered Lower- Negative Momentum Getting Extreme Gold and silver dropped to new two-year and nearly three-year lows. The futures markets have again seen the liquidation of “weak-handed” longs and continued technical short selling as the market reacts to the prospect of a stronger U.S. economy triggering the Federal Reserve to begin […]
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: ECB Cuts Rates – Euro Sinks – U.S. Futures Perk Up – Stay ALERT!
Intraday Update – ECB cuts rates – the Euro is sliding on Draghi’s post cut comments – The initial reaction from the US futures was higher – those levels were rejected and have been more than halved. Stay alert and nimble — DAY TRADING should be a wild and crazy ride! The Dollar/Euro is first […]
Continue readingLogical Market Update: RUT Drops 2.5%, DJIA S&P 500 1%, Treasuries Embrace Zero %, U.S. $ Tumbles
Russell 2000 Looses 2.5% DJIA and S&P 500 Drop 1%. Treasuries Embrace Zero % – U.S. Dollar Tumble It was not surprising the S&P 500 headed lower on Wednesday dropping just under 1% after pushing to new highs on Tuesday. The overall light volumes did though. The lack of buyers did not precipitate a stampede […]
Continue readingLogical Market Update: AMZN, BIDU, and SBUX Disappoint On Guidance! What Now?
AMZN, BIDU, and SBUX – Disappoint on Guidance! What Now? I’m reminded of the 70’s Chiffon margarine commercial that carried the tag line “It’s not nice to fool Mother Nature!” But in place of Mother Nature I am inserting “The Street.” The hits just keep on coming with Amazon, Baidu, Expedia and Starbuck’s all […]
Continue readingLogical Market Update: Beware the Volume Warnings! Chop City on Wednesday!
Beware the Volume Warnings! Chop City on Wednesday! It was the kind of day that revealed itself early on – as in pre-market. Volumes across the board were very light making for extremely choppy trade in most equities, the broader indexes, treasuries, and forex. Notables that drew in traders were MSFT, AAPL, and BAC. […]
Continue readingLogical Market Update: What a Tangled Web – Apple’s Earnings – What’s Next for the Markets?
What a Tangled Web – Apple’s Earnings – What’s Next For the Markets A funny thing happened on the way to Apple’s first quarter report – they beat estimates, announced a $60 billion share buyback plan, discussed a “significant increase” in its capital return policy, which will total $100 billion by 2015 and raised […]
Continue readingLogical Market Update: Weekend Edition – Economy Talk – Day Trading vs. Position Trading – Seriously!
Weekend Edition – Economy Talk – Day Trading vs. Position Trading – Seriously! – What is Next for Precious Metals Economy Talk I saw a headline on Friday that basically stated that U.S. investors are increasingly becoming concerned that the economic recovery is stalling. This struck me as odd against the constant […]
Continue readingLogical Market Update: Earnings Mixed – Buy the Rumor Sell the News – Correction Finds Support – All’s Well? – Nope
Earnings Mixed – Buy the Rumor Sell the News – Correction Finds Support and a Bounce – All’s Well? – Nope! Thursday’s Notables: American Express presented a mixed bag after the close yesterday by beating on an EPS basis but missing on revenue, but still managed to find buyers mid-way through Thursday’s […]
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