Indications were mixed on a quiet day, compelling us not to reach for any sweeping conclusions. The major averages continue to hang around near major…
The market’s rally on Tuesday fizzled late in the day and lost more ground in the after hours. That leaves lots of questions, with indicators…
There are so many sector charts that look alike that the rally seems driven by the futures and index funds. There doesn’t appear to be…
The market put on a good show this week, rallying in the face of $57 billion in new Treasury supply. It also got some help…
The late rally on Wednesday left an ambiguous picture, with short term indications suggesting a pullback while intermediate signs suggest the up phase still has…
The market had a problem with some interesting resistance levels on Tuesday. The areas around 812 on the SPX and 7725 on the Dow were…
The pundits are giving credit to the market “reacting favorably” to Geithner’s PIPPICK. I would suggest that the more likely cause is that the Fed…
In the first paragraph of last night’s market update I inadvertently wrote “bear trap” instead of “bull trap.” The sentence should read “If the rally…
The rally today put the market on the verge of a breakthrough of a major downtrend line. Tomorrow should be the fake or break day.…
Lee Adler and Russ Winter discuss the market’s potential for a further rally, and the idea that housing may be bottoming. Treasury supply may not be a big problem at the moment, but just wait. Not a subscriber? Click here for a free extended preview of this podcast.
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