About Author: Craig

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

Posts by Craig

  • We discuss the bearish action today as the S&P closed at 1261.50, at its lows of the session. The selloff coincided with a spike in oil prices, which closed at a new record high. This market is being held captive by oil prices and will not rally until crude sells off. Tomorrow will be very interesting with the ECB Rate Decision at 7:45am and the Jobs Report at 8:30am.

    Video ~ 7/2/08

    We discuss the bearish action today as the S&P closed at 1261.50, at its lows of the session. The selloff coincided with a spike in oil prices, which closed at a new record high. This market is being held captive by oil prices and will not rally until crude sells off. Tomorrow will be very interesting with the ECB Rate Decision at 7:45am and the Jobs Report at 8:30am.

    Continue Reading...

  • 3:50pm Market is incredibly weak. ES at session lows to 1263.

    Intraday Commentray ~ 7/2/08

    3:50pm Market is incredibly weak. ES at session lows to 1263.

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  • Today, Tomorrow, and the Next Tuesday, the first day of the 3rd quarter, saw the S&P put in a beautiful bottoming candle on very strong volume. The SPX got as...

    Market Outlook ~ 7/1/08

    Today, Tomorrow, and the Next Tuesday, the first day of the 3rd quarter, saw the S&P put in a beautiful bottoming candle on very strong volume. The SPX got as...

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  • We discuss today's wild ride in the market and point to some signs a short-term bottom may have been put in. This depends on what happens with oil, which put in a bearish head and shoulders reversal pattern today. We expect technology to lead this rally, as the QQQQs put in a bullish engulfing candle on huge volume.

    Video ~ 7/1/08

    We discuss today's wild ride in the market and point to some signs a short-term bottom may have been put in. This depends on what happens with oil, which put in a bearish head and shoulders reversal pattern today. We expect technology to lead this rally, as the QQQQs put in a bullish engulfing candle on huge volume.

    Continue Reading...

  • 3:50pm Markets holding in positive territory with 10 minutes left of trading. Today saw some significant technical events. Stay tuned for today’s video where we will discuss if a short-term...

    Intraday Commentary ~ 7/1/08

    3:50pm Markets holding in positive territory with 10 minutes left of trading. Today saw some significant technical events. Stay tuned for today’s video where we will discuss if a short-term...

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  • We discuss today's action as we put Q2 in the books. We identify important support and resistance levels. We look the action in oil and the oversold condition of the financials. We expect a bounce ahead of the July 4th holiday.

    Video ~ 6/30/08

    We discuss today's action as we put Q2 in the books. We identify important support and resistance levels. We look the action in oil and the oversold condition of the financials. We expect a bounce ahead of the July 4th holiday.

    Continue Reading...

  • 3:54pm Window dressing in full effect as funds dump financials ahead of quarter end.

    Intraday Commentary ~ 6/30/08

    3:54pm Window dressing in full effect as funds dump financials ahead of quarter end.

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  • Today, Tomorrow, and the Next Friday failed to produce any kind of meaningful bounce for the market. Oil traded above its recent range closing above $140 for the first time....

    Market Outlook ~ 6/27/08

    Today, Tomorrow, and the Next Friday failed to produce any kind of meaningful bounce for the market. Oil traded above its recent range closing above $140 for the first time....

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  • We discuss the continued selling in the markets today and what to be aware of heading into next week. The VIX remains relatively low indicating that a bottom has not been put in. However, a bounce is likely heading into the July 4 holiday. Oil prices remain the wild card as they continue to hold this market hostage.

    Video ~ 6/27/08

    We discuss the continued selling in the markets today and what to be aware of heading into next week. The VIX remains relatively low indicating that a bottom has not been put in. However, a bounce is likely heading into the July 4 holiday. Oil prices remain the wild card as they continue to hold this market hostage.

    Continue Reading...

  • 4:02pm Stay tuned for today’s video. 3:45pm S&P was just in positive territory briefly. 3:10pm Volume very light now, typical for a Friday afternoon. ES trending sideways. H&S neckline serving...

    Intraday Commentary ~ 6/27/08 00

    4:02pm Stay tuned for today’s video. 3:45pm S&P was just in positive territory briefly. 3:10pm Volume very light now, typical for a Friday afternoon. ES trending sideways. H&S neckline serving...

    Continue Reading...

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