Payday
I am taking a little off the table. I have a few runners and have placed stops a couple of points underneath last sale. I want to lock-in here as the market become over bought.
The Markets As flu fear subsides the futures rally. A higher opening is indicated. As noted here many times over the last few weeks, this market shows tendencies to accept higher levels of risk. That is seen in higher and stronger closes, sideways action in …
The Markets The futures have us down to the exact level of support: S&P 840. They gotta be bought here or we head lower. It cannot be good that both Citi and Bank of America need even more capital. BP reported better than expected quarterly …
Impressive
The Markets With everything the market had thrown at it the performance was pretty, pretty good. Long positions still got spanked but no one was really crying hard. S&P 840 looks to be support; 19 points below today’s close. Tomorrow is Turn Around Tuesday so …
Manicures.
When our friend Jane, who lives in San Jose, has her manicures by Sally the discussion often turns to stocks. It seems Sally is a day-trader and had been doing alright. Last summer Sally kept telling Jane about the stocks she was trading and, seemingly, …
Noonish Look
The Markets Lets see: Swine flu spreading around the world, earthquake in Mexico to add to their plight and a stray airplane. The latter involved the sighting of a large jet flying low down the Hudson River Valley being chased by a fighter and then …
Sell in April, Run away in May?
The Markets The best six months of the stock market year are November 1st through April 30th. Switching from equities to bonds beginning May 1st has produced astounding results. Usually. Over the last 58 years (according to the Stock Market Almanac) this strategy has gained …
Late Night
It is long time until the NYSE opening but I’ll take a +1 1/2% Tokyo opening. It is always interesting to see it it holds overnight. Had a great sail today. Out from Wrightsville Beach for about twelve miles. Winds out of the south, a …
The Markets Telling the difference between a bear market rally and full bull market is almost impossible. Since March 9th we have experienced the best rally since 1938. Since that date the S&P has gone from 666 (yeah, I know, everyone thinks that’s kinda spooky) …
The Markets Traders have a lot to digest this morning. Major companies have reported over the last several days and the signals are mixed, to say the least. Now it will be encumbant for investors to separate the weak from the strong, the strong from …