The Good News Bad News Market
With both good and bad news pounding the market, Kevin Haggerty asks: do you know when to take your long term chips off the table?
The Current SPX Key Price Zone in Play
Although it backed off on Tuesday, the SPX had a very nice run on Wednesday. Will the Non-Farm payroll report at the end of the week be the catalyst to reach the next higher SPX levels? Kevin Haggerty thinks the timing is certainly right.
Take Some Money Off the Table and Raise Stops
The Fed chief’s economic outlook seem to have calm investor’s fears, but problems still remain. See Kevin Haggerty’s comments on Bernanke’s address and what’s in store for the market.
The SPX Will Mirror the USO 123 Higher Bottom
Wall Street showed signs of weakness on Tuesday morning as worries about U.S. banks and the swine flu outbreak kept stocks down on the open. How will the market play out today? Kevin Haggerty weighs in.
SPX Wave 3 Advance or Not?
Will the S&P 500 mount a Wave 3 advance this week? Read Kevin Haggerty’s commentary on why the odds may be in favor.
Investors Choking on Extended Move
The financials led the major indices to positive territory yesterday. With a drop in initial jobless claims and more earnings reports to come in today’s session, how will investors follow-up on Wednesday’s rally?
Traders Focus on Commodity Sectors
Kevin Haggerty sees high-probability setups unfolding in the commodity sectors today. Read is commentary on why day traders should make the commodities a primary focus.
Don’t Listen to the Hype
Stocks are rallying higher on Thursday, fueled by the financials and optimism for the G-20 meeting. Kevin Haggerty weighs in on the market rally and comments on the over reactions yesterday to the monthly economic data.
Geithner and Obama Strike Again
It’s month end and stocks were set to end on a high note. But the market took a dive yesterday accelerated by disappointing news from Obama and Geithner regarding the auto industry, in addition to the major banks, AIG, FRE, FNM.
Bank the Trade Off the SPX 667 Low
The Fed is supposed to start buying some Toxic assets today, but according to Kevin Haggerty, for Geithner’s plan to work the banks have to start lending. So expect some significant market reaction.
The Geithner Sequel to Toxic Assets
Treasury Secretary Geithner is expected to announce today a plan to expand the current $700 bill Government investment to save the financial system. Considering Geithner’s “no specifics” speech in February sent the market south, what effect will his second attempt have on the market?
Bernanke News Spike Hits SPX Price Zone
The SPX was essentially flat yesterday until Bernanke gave the market a bonus. Kevin Haggerty comments on the Fed’s decision to buy longer-term Treasury securities and additional mortgage-related debt.