Monthly Archives: February 2010

2.26.10 – Doesn’t Get Much Quieter Than Today

With the blizzard in the northeast keeping many Wall Street Wizards and Masters Of The Universe stuck at home, the market action today was very quiet.  End of month window dressing also played a part.  The Dow Industrials added 4 … Continue reading

Posted in Uncategorized | Leave a comment

2.25.10 – Coulda Been A Lot Worse

The market staged an impressive rally this afternoon but still closed in the red, after gapping down 155 points in the opening five minutes thanks to a worse-then-expected employment report.  The Dow Industrials closed down 53 points to 10,321.03.  The … Continue reading

Posted in Uncategorized | Leave a comment

2.24.10 – Curiouser And Curiouser

I’m not the suspicious type but…today, a day where I lost my broadband service and couldn’t watch the market with my usual gee-gaws, the market makes back all but a few of the points it lost yesterday, which was a … Continue reading

Posted in Uncategorized | Leave a comment

2.23.10 – C-Note

The market fell 101 points today to close at 10,282.41 on heavier volume.  The S&P 500 Index fell 1.21% and the Nasdaq Composite dropped 1.28%.  The Conference Board’s confidence index slumped to 46, below the lowest forecast in a Bloomberg … Continue reading

Posted in Uncategorized | Leave a comment

2.20.10 – There’s Gotta Be More

The action today was quiet, with the Dow Industrials closing down 19 at 10,383.38. The S&P 500 Index fell .10% and the Nasdaq Composite dropped .08%.  I didn’t think it possible but volume today was quieter than Friday on all … Continue reading

Posted in Uncategorized | Leave a comment

2.19.10 – That’s It?

That’s how options expiration ended, with a whisper?  I’m reminded of the potboiler detective novels written in the 1950′s and 1960′s – “It was quiet in that part of town, too quiet for its own good….” The market traded in … Continue reading

Posted in Uncategorized | 2 Comments

2.18.10 – The Beginning Of The End Or The End Of The Beginning?

The Dow Industrials jumped 83 points today to close at 10,392.90 as the market reacted to two different news stories: stronger manufacturing reports and the Fed raising the discount rate from .50% to .75% effective tomorrow.  Stock futures plummeted after-hours … Continue reading

Posted in Uncategorized | Leave a comment

2.17.10 – Plan Your Game Then Play Your Plan

The market continued moving higher as better-than-estimated earnings and economic data signaled the global recovery is gaining momentum, despite budget woes in Greece and China tamping down their economy.  Deere & Co. and Whole Foods beat earnings estimates and raised … Continue reading

Posted in Uncategorized | Leave a comment

2/16/10 – I Dunno

So is that it?  Is the market’s pullback over?  Are we going to start making new highs again? I dunno. Technical analysis is a tool for putting the odds in your favor.  Whether you use chart pattern interpretation, apply technical … Continue reading

Posted in Uncategorized | Leave a comment

2/12/10 – Thank You, Mr. President

We head out to a three-day weekend with a mixed bag at the close.  The Dow Industrials closed down 45 points at 10,099.14.  Quite a comeback considering that at one point this morning it was down 160 points!  The S&P … Continue reading

Posted in Uncategorized | Leave a comment