Commodities
Nice Rally! Now Show Me The Volume…
The good news is that the indices are forming higher lows here but the bad news is that the volume has been diminishing everyday on this up move. This makes me think if the big money crowd is still waiting on the sidelines for the rally to fade and re-test the lows. Other than the [...]
Commodities Rally On $700 Billion Bailout Plan
The market has been trading all over the place in recent days. Up 300, down 300 and everywhere. Volatility is the name of the game. With the news that the $700 billion bailout plan is taking shape, the US markets tanked while commodities spiked higher. If this plan is executed, it will dilute the US [...]
Contrarian View: Is It Time To Get Bullish?
Not yet. What a day of events? By now you must have heard/seen the news about (LEH), (MER), (AIG), Dow dropping 500 points, S&P below 1200 etc. etc. Tomorrow the Fed meets to decide on interest rate. There is a greater chance that the fed will cut interest rate below 2%. How much that’s going [...]
Is Leh Going To Be The Next Bailout?
Nice Rally? The market was on it’s way for another down day till 3:35 pm in the afternoon. Right then rumors hit the wires about a possible bailout of LEH by the US government. That sent the market swinging up in the last 25 minutes of trading session. Quite amazing! If you haven’t looked at [...]
Commodities Finally Get a Bounce
There wasn’t much action in the market today other than the battered commodities catcing some bids. Some of the new shorts showing on the scans are in the casino and gaming sector. Take a look at the charts of LVS and WYNN. Any bounce towards 50 DMA can be shorted from here.
As far as [...]
What Happened Today In The Market?
Want some change in the market? How about some drama? Take a look at the market snapshot:
And now take a look at the charts of Dow Jones, S&P 500 and Nasdaq. Not a single sector was left untainted. Every single sector was murdered today with heaviest volume seen in days.
Commodities have fallen too far [...]
Trade Updates: MOS, MON, BTU
I am out of MON and MOS positions for a nice gain. BTU reached the expected support level and I sold most of my position for a healthy profit. It might bounce here but I’ll keep a stop loss in place for the remaining lot.
You can track my positions in our model portfolio.
Commodities were cheesed [...]
Winners: Financials; Losers: Commodities
Today the market had a big day even though the volume was tepid. Earlier this week, I had anticipated this up swing in the market before the coming holiday weekend.
Financials were the biggest winner of the day while commodities had a down day and nicely setting up to head south. I have highlighted [...]
Another Low Volume Trading Day…
Stocks see-sawed through a dull day as major indices ended the day in a positive territory. Total volume on the NYSE is ever decreasing while volume on the Nasdaq was a bit higher than seen in recent days. Market internals were positive with advancing issues edging over declining issues. But with volume so low, a [...]
Believe It Or Not: Commodities Might Bounce Here…
The small caps looks to be rolling down here from double-top with $RUT being the top loser of the day amongst all the indicies. Financials and banks are surely leading the market down.
Inflation numbers came in way ahead of expectation and were enough to send jitters early morning in the trading [...]
