Daily Stock Report for Thursday Morning, February 25, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. Start gradually peeling off long positions this next few days for short-term investor.Calendar Tuesday, 900am, ET, Case-Shiller Housing Index, -3.1%Tuesday, 1000am ET, Consumer Confidence, 55.0Wednesday, 1000am ET, New Home Sales,...more
Daily Stock Report for Tuesday Morning, February 23, 2010 pt1The stock market closed down slightly after selling in the last hour took stocks from a slightly positive to an 19 point drop on the Dow30 and smaller losses on the Nasdaq and S&P 500.We might see a little bit of nervousness over the Bernanke testimony Tuesday and Wednesday but the market is always nervous about something. Obama was on television today continuing to convince the public...more
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Daily Stock Report for Wednesday Morning, February 24, 2010 pt1The stock market had its biggest drop in three weeks that probably was rattled by the Consumer Confidence numbers that came out today. Expectations was a reading of 55 and came out at 46.It should not have been a surprise but stock markets dont need a good reason to do anything. ...more
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Daily Stock Report for Friday Morning, February 19, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. The odds of a downtrend starting is...more
Daily Stock Report for Tuesday Morning, February 23, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. Start gradually peeling off long...more