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  • A steep and rapid increase in price followed by a steep and rapid drop in price. The rapid increase can be a result of either actual news or simply a...

    Blow-Off Top

    A steep and rapid increase in price followed by a steep and rapid drop in price. The rapid increase can be a result of either actual news or simply a...

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  • A chart pattern that consists of a small white candlestick with short tails (or shadows) followed by a large black candlestick that eclipses or “engulfs” the small white one. Bearish...

    Bearish Engulfing Candle

    A chart pattern that consists of a small white candlestick with short tails (or shadows) followed by a large black candlestick that eclipses or “engulfs” the small white one. Bearish...

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  • We discuss today's sell-off that the charts told us was coming. We are expecting more weakness in the S&P over the next 2 weeks and are preparing to cover our short in oil as it may be setting up for another move higher. We also look at some unhealthy financial stocks that may lead this market lower. And did anyone catch the continued short squeeze in TSO? Up another 11% today!

    Video ~ 6/2/08

    We discuss today's sell-off that the charts told us was coming. We are expecting more weakness in the S&P over the next 2 weeks and are preparing to cover our short in oil as it may be setting up for another move higher. We also look at some unhealthy financial stocks that may lead this market lower. And did anyone catch the continued short squeeze in TSO? Up another 11% today!

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  •  We discuss the quiet day in the markets as the S&P sets up for a move lower next week.

    Video ~ 5/30/08

    We discuss the quiet day in the markets as the S&P sets up for a move lower next week.

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  • The rally that began March 17 is over and the market has entered a correctional phase. Upon the first hit of the 50-day moving average, we called for a light volume bounce into the 20-day moving average area, which has panned out perfectly. We expect the market to head lower early next week, perhaps Monday or Tuesday. We think the S&P will find support around the 1330 level, which is near a 61.8% retracement. It is too early to identify when the correction will end, but a late June / early July turn date may setup a nice summer rally.

    Market Outlook ~ 5/29/08

    The rally that began March 17 is over and the market has entered a correctional phase. Upon the first hit of the 50-day moving average, we called for a light volume bounce into the 20-day moving average area, which has panned out perfectly. We expect the market to head lower early next week, perhaps Monday or Tuesday. We think the S&P will find support around the 1330 level, which is near a 61.8% retracement. It is too early to identify when the correction will end, but a late June / early July turn date may setup a nice summer rally.

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  • We discuss the continued bounce higher as the S&P pierced its 20-day moving average. We touch on oil 's weakness and what Doug Kass' bullish call on the financial sector means to traders.

    Video ~ 5/29/08

    We discuss the continued bounce higher as the S&P pierced its 20-day moving average. We touch on oil 's weakness and what Doug Kass' bullish call on the financial sector means to traders.

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  • We discuss the continued bounce up on light volume that we expected and look at oil's impressive reversal back above $131.

    Video ~ 5/28/08

    We discuss the continued bounce up on light volume that we expected and look at oil's impressive reversal back above $131.

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  • The rally that began March 17 is over and the market has entered a correctional phase. However, the market has dropped very far very quickly and a short-term bounce may be in store, perhaps into the 20-day moving average area. Weakness in major financial stocks lead us to believe that the credit market woes are not entirely behind us. We expect continued downside in the S&P to the 1325-1332 level over the next few weeks or so, before a potential summer rally.

    Market Outlook ~ 5/27/08

    The rally that began March 17 is over and the market has entered a correctional phase. However, the market has dropped very far very quickly and a short-term bounce may be in store, perhaps into the 20-day moving average area. Weakness in major financial stocks lead us to believe that the credit market woes are not entirely behind us. We expect continued downside in the S&P to the 1325-1332 level over the next few weeks or so, before a potential summer rally.

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  • We discuss today's bounce higher after the S&P fell nearly 5% from top to bottom last week. Oil closed lower by $3.34 to settle under $129.

    Video ~ 5/27/08

    We discuss today's bounce higher after the S&P fell nearly 5% from top to bottom last week. Oil closed lower by $3.34 to settle under $129.

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  • We discuss the continued sell off in the markets led lower by financial stocks and homebuilders. We explore areas of support and identify where this market might be headed. Weakness in energy names may be signaling a top in oil prices.

    Video ~ 5/23/08

    We discuss the continued sell off in the markets led lower by financial stocks and homebuilders. We explore areas of support and identify where this market might be headed. Weakness in energy names may be signaling a top in oil prices.

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