Trading Markets

New Bull Market? Too Early to Tell…

To answer the question I get most often, I have no idea whether this is an intermediate-term rally off the lows or the start of a new bull market.

Things are Actually Looking Better!

Since the market’s follow through day, the market continues to act constructively off its recent lows as up days have been on heavier volume while down days have been on light volume.

Major League Rotation

There is a very good chance the last of the bull market sectors have now entered their own private bear market… at least for the near term.

Bear Stearns and the Fed Have Questions to Answer

In the past week, the CEO of Bear Stearns, and the chairman of the SEC, amazingly told reporters that Bear Stearns’ liquidity was just fine. And, did the Fed know about BSC before injecting $200B into the system?

Typical Bear Market Action

Bear market rallies are sharp, quick and noisy. They make you feel good, suck you in… and then bury you soon after.

No One to Sell To!

I believe Countrywide Financial was about to croak when Bank of America saved the day. Washington Mutual is now acting like Countrywide…