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Yesterday on CNBC, Maria Bartiromo had a brief interview with Meredith Whitney, who comments on how she is bearish again. Actually, she said she “hasn’t been this bearish in a year”. I ran across several forums and articles with comments where the commentors were bashing Meredith Whitney, saying that she has been bearish all along the … Continue reading: Meredith Whitney Turns Bearish Again A quick S&P 500 morning update to point out the current price level and some observations. The move so far this morning is what should be expected for “Hump Day”. That is, rising up to the top, climaxing, and then “rolling over” the hump. The “hump” of course being today, Wednesday, midweek. Taking a look at the … Continue reading: S&P 500 Morning Update 11-11-2009 Here’s an S&P 500 update analysis through the end of the trading day today. On my last post I mentioned to be on the lookout for a possible Head and Shoulders pattern in the stock market forming, specifically the S&P 500. Today’s large move higher put’s the odds of this pattern happening at risk. I … Continue reading: S&P 500 Update 11-09-2009 Is another Head and Shoulders pattern forming in the stock market ($SPX or S&P 500 for this post)? Late yesterday I heard someone mention that a possible head and shoulders pattern could be forming in the major market indices. When I heard this I remembered the last time people were talking about the same thing. It … Continue reading: Another Head and Shoulders Pattern in the Stock Market? Yesterday I posted a stock market update using the S&P 500 and included a chart with some patterns identified. The levels I mentioned in that post have been violated to the downside, with considerable volume and Advance/Decline Issues currently near 25%/75%. I mentioned that “As the current position of the S&P 500 displayed on the daily chart … Continue reading: Stock Market Update 10-30-2009 The S&P 500 finished today with another close higher after 4 previous down days in a row. It seems every other day the news changes course and the market swings back and forth, not knowing which way it should continue. The one thing that is certain from looking at the chart below is that the angle of … Continue reading: S&P 500 Update 10-29-2009 The latest U.S. GDP report was released this morning and came in at 3.5% (advance estimate GDP). News articles started hitting the press, adding to recent articles stating that the “Recession is Over!”. Previously, the most recent 4 quarters of data had shown contracting economic activity, so the new data is welcome news. Or is it? In … Continue reading: Is The Latest GDP Report A Sign The Recession Is Over? |
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November 17th, 2009 by 
