The Market is still in a correction, and this week’s action makes the chances for a follow-through more elusive. Indications are that funds are selling into the rallies, and this is still a headline driven volatile market.
This post looks at: HIBB, RAX, BWLD, MA
Market Condition: ↓ In a correction attempted rally failing
The Market is still in a correction, and we are still waiting for a follow-through day which would confirm serious institutional commitment of money into the market. Any new market rally (as past sustainable rallies) needs this type of institutional support to have some staying power.
This post looks at: DG, GNC, CXO, GPOR, CJES, MA, V, UA, RHT, TCBI, SBNY, BWLD
Market Condition: ↓ In a correction attempting to rally
The market headlines Monday focused on the failure of a large Financial firm- MF Global. Led by ex-Goldman Sachs Chief Jon Corzine, MF Global threw risk to the breeze and sallied forth with no care about risk management.
It reminds me of something I wrote to client back in October of 2008 (more…)
The stock market is a result of the core driver of business that has made the United States a dominant economic power over the course of the last 200 years. The stock market has been volatile in the past ten years, but fundamentally it represents an opportunity for investors to participate in the upside of a companies growth. One of those companies is Apple Inc. (AAPL).
If you turn on the television or open the business section of a newspaper, of late, it is hard to miss the focus being placed on the stock market, and the recent volatility we have witnessed. Newsletters are being written and distributed from the major investment firms, insuring their client bases, that this activity is not normal, and investors should not make any rash decisions and to stay the course with their investments. Of course, those are very generic and general statements. What does stay the course mean? (more…)
So late Friday night we learned what the market knew and what we did not. United States Debt was downgraded to AA+ by S&P. However, although we did not know this we knew from reading what the market was telling us – cash is a position. When the market starts to falter as it started to correct two weeks ago we were raising cash. Don’t wait for the announcement – go into cash. Gold and silver were acting as safe havens, but silver also started to be sold perhaps on just massive market liquidation. (more…)
By George Tkaczuk
The equity market continues to whipsaw up and down with the NASDAQ closing at 2789 logging in 3 distribution days in just this last week, however it somehow still was able to hold its 50 day moving average which now is at 2757. Thus traders should pay attention to see if the NASDAQ can hold support at this level. (more…)
George Tkaczuk tells why he’s optimistic on next week’s earnings in this clip from First Business News
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