Tenth-Inning Rally
Cuts, the great motivator
Bonds Higher Ahead Of Fed
Bonds are higher before the Feds announcement on interest rate policy. The contract, from the Momentum-5List, continues to provide entry and make good on Off The Blocks setups. T-bonds
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Hurricane Force
Down by 10%, natural gas
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PowerRating) implosive move this morning suggests the recent upside bias in this contract is over. With hurricane Michelle no longer on the radar screen in the Gulf of
The Race Before…
Stocks are running higher hours before a key corporate earnings report and a key economic policy decision. The Nasdaq is up 47.17 at 1792.90, the Dow is up 114 at 9437, and the S&P 500 is up 14.68 at 1101.88. The key December S&P 500 futures contact
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Holding Them At The 50-Yard Line
A typical retrace
How Precious Is It?
Glittery or a Ph.D.?
Help Wanted
The jobless started posting their own Help Wanted signs in October, as more workers lost jobs than at any time since Jimmy Carter was president. Layoffs have been a consistent feature of economic data all year, but dislocations in the month following the worst terrorist attack eve
Will Microsoft Be The Trigger?
Stock indexes are continuing higher after a pop opening, triggering out of classic Pullback From Highs setups as they trade above the high of the low bar in their pullback. The indices have shown resiliency in uncertain times, continuously shaking off negative news, war, bad earnings,
A Government Rally
The place to be
Norway Says No Way
Norway, one of the largest non-OPEC oil exporters, said it would not comply with requests from OPEC to curb oil exports. Oil prices are at contract lows and the cartel is trying to strengthen the effect of an output cut planned in January. Mexico and Russia, two other major oil expo
Euphoria!
Euphoric relief that the economy did not slow as fast as expected is giving way to more sanguine and pessimistic views about todays highly anticipated government data. The market had been expecting a 1% drop in Q3 gross domestic product (GDP), but when it came in at down just .4%, t
Bonds Blast Off
In their biggest one-day move in 13 years, T-bonds exploded higher after the Treasury Department said it would stop issuing the 30-year securities, a move it had intimated but never explicitly said would occur. Price action has been a tip-off: T-bonds
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