The S&P 500 broke out above its 200 SMA (TANKS) today to join the NASDAQ. The DOW tapped its 2oo TANKS intraday and then pulled back. The move by the S&P was its first move above the 200 TANKS in 359 trading days! This on a day when GM declares bankruptcy.
Mr. Nenner recently mentioned that he believes we are heading back to the lows reached earlier this year. He even indicated that the S&P could go as low as 260! Can you elaborate?
The weekend before Memorial Day will mark the unofficial beginning of summer. The markets have historically been relatively flat going into the “summer doldrums.” However, the DOW has been up ~50% of the time in the weeks that follow the holiday while the S&P and NASDAQ have been up ~60% of the time. Let’s [...]
This past week the stock market took a noticeable break from its two month run. As expected there are many opinions about the next market move. Let’s take a look at a few of these opinions along with THE CROSSHAIRS TRADER charts. WE NEED A NEW CATALYST… “After a two-month surge that saw [...]
Now that May is here (where has the year gone?), it is time for one of the most legendary Wall Street axioms to take center stage. Here are just a few recent stabs (and a few links) at the statistics. Is it Fact or Fallacy? It seems the axiom “sell in May and go [...]
THE LONG AND WINDING ROAD… Like a patient in ICU, our current bear market, will need plenty of time to recover so it may be best not to get your hopes up, just keep hope alive through it all. http://online.wsj.com/article/SB123603851698214519.html http://online.wsj.com/article/SB123561056456077505.html AND SOME ADVICE ON HOW TO NAVIGATE IT… http://www.cnn.com/2008/LIVING/10/13/depression.irpt/index.html http://www.msnbc.msn.com/id/29262092/ http://www.moneyweek.com/news-and-charts/economics/what-you-need-to-know-about-the-great-depression.aspx DIPPING THE [...]
I buried an article last November and decided to dig it up. You remember November don’t you? That’s when the Market hit a multi-year low and it seemed as if Wall Street was on the edge of an Abyss. If you heeded Andy Kessler’s advice and ignored the Market for the last three months you [...]
