Articles By: Jack Steiman
Poor bears. Even at the final bell they had to watch the Dow go from -5 to plus 6.
The market was keyed in to this report for many reasons, some of them for the wrong reason and some for the right reason
It wasn’t anything terrible, but it did come from some nasty looking MACD’s on those daily-index charts.
Since I wrote Friday’s letter, we have had one single day of trading
When a market is getting ready to correct for whatever reason, the financial stocks would be one of the leaders to the down side
Today we received a number from the bull-bear spread that sent chills down the backs of the bulls
So we closed right where it makes the least sense to close
The market has been celebrating the news out of Washington since Thursday morning.
I’m personally wondering if the market is sending a bigger message than just Washington these days
The market sent a strong message today about what it thought of the prospects of Larry Summers taking over as the head of the federal reserve