This morning appears to have picked up where last night left off. Equities, gold and oil all up. Bonds could be under pressure despite this week’s excellent treasuries auction . China’s Premier, in his annual press conference wagged his finger at the US. He expressed …
Month: March 2009
Will You Still Love me Tomorrow?
Everything was up. Gold, Treasuries, Equities and Commodities, including a 11% move in crude. That is an unusual day! While the broad averages were not up as much as Monday the mid-caps, as judged by the Russell index were up more than 6.5%. That may …
A Melt-up
Markets are roaring. Positions taken this morning by many are up 5%-10%+. If you are not in wait for a pull back. Market strategists are likely to say we are overbought at S&P 745. No telling how long we can make this last. But if …
Very Encouraging
Yesterday’s standoff between bulls and bears is, for now, being resolved in the bull’s favor. My own inclination was to be cautious until some kind of confirmation could be found of staying over S&P 700. I added considerable funds this morning in anticipation of a …
Unched
Unched is trader’s talk for unchanged. Which is what the Dow was. Oh, OK, it was up by 4 points. However, NASDAQ, led by tech, names was up 1%. Both the bulls and the bears will try to own this. Each side will give it …
Layoffs
FIRST-QUARTER LAYOFFS: Selection Of Job Cuts By Major Companies The following chart is a selection of some first-quarter announcements of job cuts since the beginning of the year. Some numbers are estimates. Company Name Date of Number of Percent Announcement Jobs Cut Work Force National …
2:30 and time for the bulls to make a stand. Transportation index was strong on lower oil but is now rolling over. As is the Dow and S&P. Both off less than 1% but the path of least resistance may be down. Now or never …
Noon Look
Dow is rolling over to red. Off modestly and there is still hope for an afternoon rally. Should the bulls give up here it would not be good. It is now a struggle of the shorts, who may be emboldened by the noon sell off …
Markets are up a bit, as is gold; oil is down. The proof now rests with the bulls. Short covering is being credited with yesterday’s rally. We can expect more of that but unless we get side-lined money into equities this will be remembered as …
Yowzah!
Oh, Happy Day In what may be one of the greatest percentage gains in history this day was a stunner. DOW +5.8% S&P +6.3% Transportation index +7.2% NASDAQ +7.0 Internals were stupefyingly positive: 2.1 billion shares traded up, only 78 million down. OK, that was …