About Author: Craig

Website
http://www.focalequity.com
Description
Stubborn Bear from Boston

Posts by Craig

  • Tomorrow and the Next Wednesday, the market continued its trend higher, with the S&P notching a 5 point gain to 1282. Intraday, the S&P bumped up against solid resistance at...

    Market Outlook ~ 7/23/08

    Posted on July 23, 2008 | No Comments
    Tomorrow and the Next Wednesday, the market continued its trend higher, with the S&P notching a 5 point gain to 1282. Intraday, the S&P bumped up against solid resistance at...

    Continue Reading...

  • StockTock.com discusses some significant technical events that occurred today as this market continues to trend higher after last Tuesday's short-term bottom. The 1291 level is key resistance for the S&P. We think Nat Gas (UNG) is a buy at this level and we question the sustainability of the rally in financials. We also look at USO, GS, LEH, FNM, and IWM.

    Video ~ 7/23/08

    Posted on July 23, 2008 | 4 Comments
    StockTock.com discusses some significant technical events that occurred today as this market continues to trend higher after last Tuesday's short-term bottom. The 1291 level is key resistance for the S&P. We think Nat Gas (UNG) is a buy at this level and we question the sustainability of the rally in financials. We also look at USO, GS, LEH, FNM, and IWM.

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  • 4:00pm To recap the important technical events today, the S&P hit and pulled back from resistance at 1291/92, which represents a 38.2% retracement. The XLF closed below its 22.50 resistance...

    Intraday Commentary ~ 7/23/08

    Posted on July 23, 2008 | 27 Comments
    4:00pm To recap the important technical events today, the S&P hit and pulled back from resistance at 1291/92, which represents a 38.2% retracement. The XLF closed below its 22.50 resistance...

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  • Tomorrow and the Next Tuesday, the S&P logged an impressive reversal and closed near session highs at 1277. The rally was led by financials, with the XLF gaining more than...

    Market Outlook ~ 7/22/08

    Posted on July 22, 2008 | No Comments
    Tomorrow and the Next Tuesday, the S&P logged an impressive reversal and closed near session highs at 1277. The rally was led by financials, with the XLF gaining more than...

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  • We discuss today's strong rally, led by financial stocks. In just 6 sessions, the XLF has rallied 34% off the lows and has retraced 50% from the May 2nd high. The XLF is overbought and faces significant resistance at its 50 moving average, which it pierced today. We touch on oil and the dollar. Also GS, FNM, LEH, QQQQ, and the VIX. If you've missed this move, don't chase it.

    Video ~ 7/22/08

    Posted on July 22, 2008 | No Comments
    We discuss today's strong rally, led by financial stocks. In just 6 sessions, the XLF has rallied 34% off the lows and has retraced 50% from the May 2nd high. The XLF is overbought and faces significant resistance at its 50 moving average, which it pierced today. We touch on oil and the dollar. Also GS, FNM, LEH, QQQQ, and the VIX. If you've missed this move, don't chase it.

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  • Since last Tuesday’s short-term bottom, the S&P has rallied 6.4% and the XLF, which tracks the financial sector, has rallied a massive 34%. Bear market rallies are known for their...

    If You Missed The Move, Keep Missing It

    Posted on July 22, 2008 | 4 Comments
    Since last Tuesday’s short-term bottom, the S&P has rallied 6.4% and the XLF, which tracks the financial sector, has rallied a massive 34%. Bear market rallies are known for their...

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  • 4:30pm In the last 15 minutes of ETF trading, the XLF spiked higher to 22.49, piercing its 50 moving average. This is a significant resistance level. And with the S&P...

    Intraday Commentary ~ 7/22/08

    Posted on July 22, 2008 | 15 Comments
    4:30pm In the last 15 minutes of ETF trading, the XLF spiked higher to 22.49, piercing its 50 moving average. This is a significant resistance level. And with the S&P...

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  • This article from The Economist is a must read. It explains how the United States got into this mess and the implications it faces now that its financial system is...

    Fannie and Freddie Explained

    Posted on July 22, 2008 | 2 Comments
    This article from The Economist is a must read. It explains how the United States got into this mess and the implications it faces now that its financial system is...

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  • We discuss today's hit of the 20 moving average on the SPX daily. It was the first visit

    Video ~ 7/21/08

    Posted on July 21, 2008 | No Comments
    We discuss today's hit of the 20 moving average on the SPX daily. It was the first visit "home" in a month and a half. Look for a pullback/consolidation from this level over the next couple days. Disappointing results from AAPL and AXP are pressuring the futures lower after hours. We look at the oil trade, which we have been all over. We also touch on the UUP, XLF, and QQQQ.

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  • 4:02pm Stay tuned for today’s video. Apple (AAPL) and American Express (AXP) report after the bell today. 3:22pm The ES is bumping up against the 200 moving average at 1259....

    Intraday Commentary ~ 7/21/08

    Posted on July 21, 2008 | 17 Comments
    4:02pm Stay tuned for today’s video. Apple (AAPL) and American Express (AXP) report after the bell today. 3:22pm The ES is bumping up against the 200 moving average at 1259....

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