Monthly Archives: May 2011

I will be taking a hiatus the next 2 – 3 weeks to deal with some serious family health issues.  I hope to be back as soon as possible because I really enjoy writing the blog.

Action was quiet today as the anticipated pre-holiday bullish bias came through again.  Stocks and commodities gained after the G-8 leaders said the global economy is improving.  The Dow Industrials closed out the week by adding another 38 points to … Continue reading →

You know you need a new PR person when hedge fund manager David Einhorn calls for your resignation and your stock rises 2%.  Calls for Microsoft CEO Steve Ballmer to resign helped send the market higher today, with the Dow … Continue reading →

Several major equity indexes put in a Narrow Range 7 day today.  Is it time to head for the exits, a.k.a. ‘Sell in May and go away’?  The Dow Industrials slipped another 25 points today to close at 12,356.21.  The … Continue reading →

“No, it’s Iowa.”  One of my favorite movies (Field of Dreams). I guess the Rapture didn’t happen this past weekend.  Oh, well…I was tempted to park my car nose-first against a telephone pole in a very public place, with a … Continue reading →

And I feel fine….  Oh, wait – that’s tomorrow. The LinkedIn IPO hype didn’t carry over into today, and signs that U.S. consumer demand may be weakening along with fears about the Greek debt crisis helped drive the stock market … Continue reading →

The equity markets closed higher today on good earnings news from Dell and rebounding commodity prices.  The Dow Industrials recovered yesterday’s loss by gaining 80 points to close at 12,560.18.  The S&P 500 Index rose .88% and the Nasdaq Composite … Continue reading →

The equity indexes pulled back sharply this morning as Hewlett-Packard and Walmart issued warnings about weakness in their earnings and sales numbers.  The major indexes pulled back to test their 50-day SMAs but bounced higher in the afternoon.  The Dow … Continue reading →