Stocks Rebound from Massive Oversold Conditions
November 24, 2008
Oversold conditions spark a sharp recovery as shorts covered their positions
We’ve seen this story more than once, a sharp massive recovery after setting new lows. The huge % gain on the day came on volume but it wasn’t accumulation from insititutional investors. Big boys do not like to run up the price on themselves and chasing anything beyond 1-2% beyond their buying levels. Stocks are simply oversold, not as oversold as they were on 10/10 but nonetheless oversold. Look … [visit site to read more]
Stocks Rebound from Massive Oversold Conditions
Castrophe: The Stock Market Crash of 2008
November 20, 2008
Stocks crash as investors lose confidence in the system; having many wonder will we ever come back.
I am sure many investors are on the verge of giving up or already have. My curiousity has led me to open a poll…Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.The NASDAQ is down 26% since Americans elected Obama as our next President. Stocks are a forward looking indicator, and at this time stocks are not liking what they are seeing. It appears that this meltdown of our current broken (non-free) markets are headed for … [visit site to read more]
Castrophe: The Stock Market Crash of 2008
The Stock Market Battle
November 19, 2008
Stocks retrace 90% of November 13th’s gains and find support
Tuesday’s stock market action was certainly not one for the faint of heart. The awesome volitility seen during the day makes an old wooden rollercoaster look like child’s play. We are seeing extreme pessimism, Wall Street and Main Street continue to be extremely negative on the economy and the stock market. However, from our October ‘07 highs to our November ‘08 lows the market was off roughly 50%. The stock market … [visit site to read more]
Roller Coaster Ride for Stocks Keeps the Lid on an Expected Rally
November 16, 2008
The stock market did a fabulous job keeping traders, investors, and speculators on their toes Friday. Stocks whipped around those who were watching intraday as volume fell off a cliff. Volume on the day was well under Thursday’s session as institutions weren’t in full force buying up stocks. The day’s action put a damper on those who were looking for stocks to rally. Although the day wasn’t a pretty one, it was a day of consolidating Thursday’s gains on lighter volume. It will be most … [visit site to read more]
Roller Coaster Ride for Stocks Keeps the Lid on an Expected Rally
Stocks Rocket Off Multi-Year Lows
November 15, 2008
Stocks set a multi-year low as more fear about the economic situation grew. However, stocks found footing and with volume soared from its lows. Is this the bottom? Time will tell, but the move off the lows was very powerful and with volume. At its lows today the NASDAQ was off 50% from its October 2007 highs. Extreme moves like this usually result in massive snap back rallies. After the 1938 lows the market rallied 50% from its lows and we could see something similar with our … [visit site to read more]
Stocks Rocket Off Multi-Year Lows
The Stock Market is Lacking Leadership
November 10, 2008
Stocks react negatively to the tune of the worse week of a presidential election.
Traders enjoyed another week of volitility as the market swung around reacting to Americans selecting Barack Obama as our next President. Regardless of political loyality it was a horrible reaction to a new president. Stocks simply are discounting further economic troubles with Obama in office. Once again, the President has very little control over economic condition, it is Congress who holds … [visit site to read more]
The Stock Market is Lacking Leadership
Stocks Crumble; Investors Look Ahead to an Obama Presidency
November 6, 2008
Stocks sell off hard at the end of the day as volume picked up into the close.
The stock market is a great discounter of the future. Wednesday’s action can be construde as what we will expect from the stock market under Presdient Obama. Volume on the day was lower than Tuesday’s action, somewhat of a silver lining. Last week we saw the major indicies move higher on lighter trade and now we are beginning to see the complete opposite. If volume begins to swell to the downside … [visit site to read more]
Stocks Crumble; Investors Look Ahead to an Obama Presidency
The Stock Market Awaits Election Results
November 4, 2008
Stocks end mixed on lower volume, awaiting the next elected President.
The NASDAQ saw a bit of positive price action, but once again volume closed lower than Friday’s level. In addition, call buying dropped again suggesting many are simply standing on the sidelines waiting on the election results. Simply put, yesterday was a “nothing” day. This confirmed rally is weak at best and the lack of accumulation following the confirmation proves that this rally has very little chance … [visit site to read more]
The Stock Market Awaits Election Results
Volume Faded as Stocks Close Out October
November 2, 2008
The Stock Market rose all week long on lower and lower volume.
Price action was something stock market participants can be excited about. We rose off the most recent lows and confirmed the rally with a move in the S&P 500 and Dow Jones Industrial Average by more than 1.7% gains on higher volume than the previous day. However, that Tuesday rally was the only day stocks showed accumulation. The rest of the week saw stock gains on lower and lower volume suggesting the move … [visit site to read more]
Volume Faded as Stocks Close Out October
Stocks Rip on Higher Volume; Is it This Time
October 29, 2008
The Dow Jones Industrial Average and S&P 500 follow-through, but significant challenges remain.
The market staged an excellent rally on Tuesday with the Major Indexes up more than 10% and volume was higher than the previous day. Stocks rallied due to the hope that a FOMC rate cut will generate enough leverage to pull this economy out of a recession. Sadly, rate cuts simply signal that there is more downside to the economy leading the major averages down. Once again the … [visit site to read more]
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