Posted in Daily Comment on Mar 31st, 2008
Not much to say about stock indexes. The trends are trying to turn up, and the recent pullback seems to be holding. It was a fairly small range day. It would be nice to see some upside with increasing volume. It just might happen. I’m still worried about that much advertised double bottom. It would be […]
Posted in Currencies, QQQQ, Daily Comment on Mar 30th, 2008
Stock indexes fell back a bit after the the recent rally stalled out mid-week. I was worried about the light volume on the rally, as I mention previously. The volume picked up a slight bit on the drop Thursday, but was very light on Friday. The chart of the Nasdaq/QQQQ shows the trend lines having […]
Posted in SPY, QQQQ, Daily Comment on Mar 26th, 2008
I’m getting this post up very late, so I’ll make it short. The stock indexes fell back today. The Nasdaq had been the strongest during the session, however right at the closing bell when Oracle reported the Nasdaq fell lower than the chart to the left (which is the day session only) would suggest. The […]
Posted in SPY, Daily Comment on Mar 24th, 2008
The stock indexes gapped higher today and continued in rally mode all day. A higher bid for Bear Stearns seemed to kick off the rally, and then a better than expected housing report added to the directional tone throughout the day. The Nasdaq had a larger percentage gain. I’ve been somewhat expecting a rally, as […]
Posted in Daily Comment on Mar 23rd, 2008
I took a long weekend off after all the turbulence in the stock and commodity markets over the last few days. The commodity bubble seems to have popped, although there’ll probably be attempted recovery rallies. I doubt these rallies will restart the commodity bull, but you never know. I’ll play it day by day. The […]
