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 [...]
