Market Today
Monday, December 12 2011
9:52 AMComment! Risk Off for the Day it Appears
I did not really “get” the happiness Friday, as not much seemed to be resolved other than some language for more unity and to “hold people accountable” for excessive debt in the... Read »
8:11 AMComment! Technical Messages from the S&P 500
Does the stock market have a momentum problem? Yes, according to a number of market technicians, the folks who study the price charts for signs of things to come. The primary clue is the S&P 500′s... Read »
Friday, December 9 2011
8:51 AMComment! DuPont (DD) Warns this Morning as “Decoupling” Theory of 2007-2008 Shall Prove Silly Once More
Those of you who have been around a while remember all the ‘decoupling’ talk of 2007-early 2008. That is (was), weakness in one part of the globe would not affect another, and please feel... Read »
Thursday, December 8 2011
12:42 PMComment! Stocks Freak As Draghi Is No Bernanke
The market collapsed lower today as the new ECB chief Mario Draghi told markets he would not save the day. Expectations had been high for the ECB to come in and buy bonds from Italy and other stressed... Read »
8:46 AMComment! Draghi Announced 4 Non Standard Measures at Presser, Speculators Given Pacifier and Now a Bit Less Sated
It’s all good again and for the upteempth time in the past week and a half we are ready to gap up. This time of course over that very annoying S&P 1265 which has provided resistance the past... Read »
8:42 AMComment! December Looking Good for Stocks
With the year-end in sight, it will be interesting to see if we get a Santa Claus Rally—a situation in which a stock rally occurs between Christmas and New Year’s Day. The month of December has historically... Read »
8:03 AMComment! ECB “Only” Cuts Rates Back to Record Lows by 0.25%
The whining has already begun as the ECB “only” cut rates by 25 basis points, back to a record low of 1% versus “demands” of 50 basis points. The ‘markets’ are used... Read »
Wednesday, December 7 2011
8:57 AMComment! The Journey to Nowhere Has Been a Wild Trip Since August 1
Futures are being pushed around by the normal push-pull of the rumor mill out of Europe – it has reached the point of jump the shark. Late yesterday the market rallied for about an hour on news... Read »
Tuesday, December 6 2011
10:00 AMComment! Financial Stocks Slide Early
This morning, most of the leading financial stocks are coming under some early selling pressure. The Financial Select SPDR ETF (NYSE:XLF) is trading lower by 0.08 cents to $13.08 a share. Traders can watch... Read »
8:53 AMComment! S&P 1330+ by Christmas, with Strongest Buy Signal in 40 Years Thanksgiving Week – Tom DeMark
While I’ve known of DeMark for quite a few years, I’ve never studied his system – so his talk is all Greek to me (and to the Bloomberg folk who tend to interview him). That said, there... Read »






