A Government Trick?
A treat for the longs
Sentimental Opening
The Conference Boards consumer confidence gauge got whacked this morning, dipping to a seven-year low. In a week full of new statistics on the economy, the consumer confidence report was seen as the first in a series of reports likely to disappoint. This mornings report came in at 85
They Lined Up
You had the signals
and arrows pointing south
The Confidence Game
There is a close correlation between consumer confidence and joblessness, inflation and real incomes. In short, consumer confidence is a leading indicator for the business cycle. Todays surprising low consumer confidence reading implies the economy has not bottomed and that we are
How To Put It Together — And Pounce
Trading is about observing, putting the pieces together, then pouncing. This process can be made much easier for you by consulting the proprietary research and commentary available daily on TradingMarkets.com. Following the major market indexes will likely be a key to your success
Financials Fret Over Reports
Financial futures are trading in a pattern that reflects concern that this weeks slate of reports and statistics will show economic weakness. Consumer confidence, gross domestic product, weekly jobless figures, the monthly employment report, and factory orders are among the closely
The Buck Stops Here
Gives credence to the intermediate-term double
tops formation
Bonds Consolidating Gains
After extending nearly one point to contract highs yesterday, T-bonds
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Impressive, Four Out Of Five
Major market measures are on target to close higher for the fourth week in five as indices continue to shrug off negative news and signs of economic sluggishness.The Dow is up 35 at 9498, the S&P 500 is up 1.86 at 1101, and the Nasdaq Composite is down 3.51 at 1771.96. For the week, the indices are
How To Separate The Wheat From The Chaff
Certain patterns work out in all markets
Double Play
Economic reports are coming in weak for a second day. Yesterdays Federal Reserve anecdotal survey of regional economic conditions, the Beige Book, came in negative and traders bid up T-bonds
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Don’t Argue With This
News, pundits and explanations are lagging indicators. Price is the bottom-line arbiter when it comes to markets, and every successful trader honors the tape. The market received a boatload of negative news today, enough to capsize it, but the technology-laden Nasdaq is outperforming