A Few Thoughts Before the Open: It is good to be back in to the office after a couple of weeks of travel and working off site. In looking at this week’s economic calendar it should be noted that in…
Tag Archive for DJIA
Market Commentary – August 29th, 2011
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I’ve been traveling the last couple of weeks and apologize for not posting on a regular basis. A Few Thought Before the Open: Despite the move higher last week, the overall market looks to be consolidating at these levels and…
Market Commentary – August 19th, 2011
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A Few Thoughts Following the Close: The overall market again moved lower Friday in a broad based selloff that saw every index I track move lower on the day. The Dow Jones Industrial Average closed down approximately 173 points at…
Market Commentary – August 17th, 2011
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A Few Thoughts Before the Open: The overall market moved moderately lower yesterday in a relatively broad based move that saw the majority of the indices I track move lower on the day. In reviewing the charts from yesterday’s trading…
Market Commentary – August 16th, 2011
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A Few Thoughts Before the Open: As I write this, pre-market futures are sharply lower in the U.S. due to news form Europe that economic growth is slowing on that side of the Atlantic. Not sure where the futures will…
Market Commentary – August 15th, 2011
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A Few Thoughts After the Close: The overall market moved sharply higher yesterday in a relatively broad based move that saw basically every sector index I track move higher on the day. The strongest sectors were the N.A. Telecom, Banking, …
Market Commentary – August 12th, 2011
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A Few Thoughts Before the Open: Despite Thursday’s sharp rally, the vast majority of the various indices I track still remain severely oversold. I see two (2) possible solutions for this. The 1st being that the market rallies upwards, which…
Market Commentary – August 11th, 2011
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A Few More Thoughts Before the Open: I’ve got a few more minutes in the office this morning and wanted to update the support and resistance points on a couple of the sector indices I have talked about recently. M.S.…
Market Commentary – August 10th, 2011
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A Few Thoughts Before the Open: Despite yesterday’s late market surge, the major market indices are still in an oversold position. I think we are in a position where we will continue to see several hundred point moves in the…
Market Commentary – August 9th, 2011
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A Few Thoughts Before the Open: It’s about 7:00am this morning and as I write put the finishing touches on this report pre-market futures are showing a bounce higher this morning, however that can change in a heartbeat now days. …