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3:59pm
Reminder: The SEC recently extended the financial stock short sale ban to 3 days after the bailout bill passes. Therefore, the short ban is expected to [...]

90 Comments

4:30pm
S&P down 47 points today, or 4%. Holds above Monday’s low. NASDAQ was not so lucky. Stay tuned for today’s video.

130 Comments

Stay tuned for today’s video. Should have it posted around 7:30pm.

147 Comments

There will not be a video today due to the Jewish holiday.
4:20pm
The S&P was up 58 points today, or 5.3%. The size of today’s rally should be respected, but also kept in perspective. Today’s move occurred in a reduced liquidity environment due to the holiday. The SPY has retraced 33% of the move from the [...]

138 Comments

4:15pm
Well, today’s action confirms that the market is resuming Wave 3(3), the most powerful wave of the bear market. Those that shouted gov’t regulation does not mark a bottom were proven right. My downside targets for the S&P are under $1000. Of course, the threat of gov’t intervention remains, where a strong counter-trend rally is [...]

121 Comments

4:00pm
S&P rallies back from its lows (~1187) to close higher by 4 points to 1213.

108 Comments

4:05pm
RIMM missed Q2 earnings expectations by a penny and provided disappointing guidance. Immediate reaction is a sharp drop lower under $88.
3:50pm
Looks like a lot of traders got the profit taking idea. ES just fell 10 points in about 10 minutes.

105 Comments

4:00pm
Some heavy volume buying came in at the close, perhaps short covering. SPX finishes with a doji candle.

114 Comments

4:00pm
Market finishes near session lows. S&P down 19 points to 1188. Could the last two days of selling be forming a bull flag? The angle is steep, which would make any breakout all the more powerful.

93 Comments

4:00pm
Nice job, everyone. Great contributions all around. Hope most of us managed to make some money. I will be posting a video today, so stay tuned for that.

126 Comments