Nov 02
There are some investors that are comparing today’s market to the Stock Market of 1930′s. The 1930′s horror began in 1929 just a few days before Halloween. There was panic in Wall Street and investors watch the market fall 13% one day and then watched it fall 12% the next day. Which is known as Black Tuesday. …
Aug 04
It looks like the Bears are telling the Stock Market who is in control. Since the Middle of July the Dow Jones have sold off more than one thousand points. Are we in a replay of what happened back in 2008 – 2009? The last eight-day decline in stocks, which came in October 2008, …
Aug 01
On July 1, 2011 the Dow Jones opened at 12,483.28 and hit a resistance at 12,700 on July 7, 2011 then went down and tested the 50 day moving average held that and start to move up again. On July 21, 2011 ht that resistance of 12,700, then the Dow just keep going down and …
Jul 22
According to the ADP report unemployment is at 9%. The real number is more like 22%, because the ADP does not calculate the people who are no longer on unemployment, but they are still out of work. The talk is that we will have a 10% unemployment rate, because the financial sectors are planning …
Jul 09
Over the last 9 trading days the Dow Jones was up. On June 27, 2011 the Dow Jones opened at 11934.66 and closed at 12657.20 on Friday July 08/2011, which is a gain of 722.54 point and we are testing resistance. Is this a summer rally or is the market really going to start …
Jun 25
On Monday June 20, 2011 the Dow Jones open at 12,004.28, closed on Friday June 24, 2011 at 11,943.58 which is a loss of 60.70 points for the week and we are really close to the 200 Day moving average. The first of the week started off good then the bears came in and showed …
Jun 18
Is the market going through a correction or are we headed down lower? Does this have to deal with Greece and Spain financial issues? No this has to deal with the next leg down in this bear market. This time it is going to be worse than it was back in 2008. In a …
Jun 13
The Dow opened at 12151.19 on June 6, 2011 and closed at 11951.91 on June 10, 2011. The loss on the Dow was 199.28 points. For the last 6 weeks we have been down, which is the longest loosing streak since 2002. let’s take a look at the Economic data. As we …
Jun 05
The market had a short trading week. On Tuesday May 31, 2011 the Dow Jones opened at 12443.40 and Closed on Friday June 3rd, 2011 closed at 12151.26. So we fell 292.14 points for the week. There was so much bad news that helped the market fall. Here is a chart on the data from …
May 29
Oil is back over $100.00 a barrel! The Dow Jones is struggling to close above the 50 day moving average. On Friday 05/27/2011 the Dow Jones closed at 12441.58. There is a Hugh support line at 12400 that I have talked about over the last few weeks. If you want to see the chart then …
