Monthly Archives: May 2010

5.28.10 – One Little PIIGY, Two Little PIIGIES….

First it was Greece and now it’s Spain, which lost its AAA status after it was cut one notch by Fitch Rating.  Also contributing to the nervousness was further deterioration in relations between North and South Korea.  What should have … Continue reading

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5.27.10 – Back In The Bull Market?

Not quite yet. The Dow jumped up 284 points higher today to close at 10,258.99, on news of China’s commitment to continue investing in Europe.  The S&P 500 Index rose 3.29% and the Nasdaq Composite gained 3.73%.  Today’s move was … Continue reading

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5.26.10 – Buh Bye 10,000…Redux

The market did its best to follow-through to the upside on yesterday’s reversal, but gave up the ghost in the final hour to close near the low of the day, surrendering over 200 points from today’s high.  The Dow Industrials … Continue reading

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5.25.10- That Great Whooshing Sound

The job of Mr. Market is to confuse the largest number of people in the shortest period of time, a.k.a. zigging when everyone else is zagging.  Well…he did it again.  Within minutes after the opening all the major exchanges were … Continue reading

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5.24.10 – Back To Basics

The market rolled over today after making a valiant but ill-fated attempt to follow-through to the upside after Friday’s gains.  The Dow Industrials lost almost 127 points to close at 10,066.57.  The S&P 500 Index fell 1.29% and the Nasdaq … Continue reading

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5.21.10 – Between A Rock And A Hard Place

The markets rallied from an oversold posture today on the heels of Congress passing the most comprehensive regulation of the financial industry since the Great Depression.  Coupled with increased volatility due to options expiration, bank shares led the rebound as … Continue reading

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5/20/10 – Sea Change

For the first time since July 2009, the major indexes closed below their respective 200-day SMAs.  Today’s action resulted in the steepest drop in a year.  The Dow Industrials lost 376 points to close at 10,068.61.  The S&P 500 Index … Continue reading

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5.19.10 – No Blog Today

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5.18.10 – Green Means Go, Red Means No

So went the first words my Driver Ed teacher told us in high school.  Pretty simple, eh?  The same basic principle can also be applied in our market analysis. Yesterday’s late upside reversal was all but washed out today.  Housing … Continue reading

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5.17.10 – Hammer Time…Can You Touch This?

The market rallied back from a significant decline to close slightly in the black today, with The Dow Industrials up 5 points to close at 10,625.83; the S&P 500 Index up .11%; and the Nasdaq Composite up .31%.  The reversal … Continue reading

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