We are entering critical time of day. Dow still up 300 but if it sells off meaningfully we will have a severe problem. Traders were duped la week ago when China was supposed to have announced a larger stimulus package. When that failed the market …
Turnaround Tuesday lives up to its name. Around noon markets usually sell off or level out. So, we have to see if these gains last until 2:30, or so. Markets up more than 5%. More later.
Huge rally going on. Market internals are overwhelmingly positive as the averages are up 4-5%. Banks stocks up 20-30% in an hour. Now we wait to see if this market is faded. When an opening is this strong it is axiomatic that the gap must …
Equity futures are solidly up but continue to react to Bernanke’s speech to Council of Foreign Relations. He is calling for a new regulatory authority which would, hopefully, smooth out the boom and bust cycles. Good luck with that. Especially since the Fed itself is …
It appears my web site manager has not changed his clock. I wrote this at 4:13. A tough day for traders. It was chop all day. But for the second day in a row there was some modest buying on the close. In the end, …
Everything was down in the pre-market: stocks, oil and gold. The market caught a bid shortly after opening, oil reacted to international events and boomed higher but gold continued to sink. At 1pm the market is rolling over. BAC turned out to be a heck …
In a what’s new moment, futures point to a much lower opening. My idea of a rally are, so far, misguided. Proves, once again and again, that to project one’s estimates of market behavior more than a day or two is fruitless. Oil is flat …
Cannot help but be a bit bullish. After last week’s decline there are just too many names trading below $10 and below $5(!) that predict a sever depression. Yes, things are terrible, the weekend news and commentators were a recipe for a massive dose of …
Markets opened strong. By 9:44am the Dow was up about 130. By 9:45 it started it’s descent, down over 100 Dow points. But at 3:30 the market got a bid and much of the decline was wiped out. Ten minutes to the close it went …
Yaz has a different way of talking but he has been so right on the markets for over a year. What’s Moving Markets? 2 hrs ago I am attaching Harry’s entire post from today. All of it is good. Harry\’s post Mish had this on …