Reality and Market Direction
The SPX followed the -3.3% loss on Thursday with a -2.3% loss on Friday, which made it the worst Jan ever for the SPX at -8.6%.
No Market Symmetry in Current Range
Stocks tumbled on Thursday with all sectors down across the board. But that was no hurdle for the $819 billion economic stimulus package, which passed in the House yesterday. See Kevin Haggerty’s commentary on why he believes the stimulus package will be a heavy anchor on the market.
Market Churns on Lack of Government Credibility
The leadership so far in 2009 has been the Industrials, Health care, and Tech sectors, while the Financials have been in a mini meltdown. See Kevin Haggerty’s recap of yesterday’s trades, as well as, his commentary on what’s in store as the markets head into month’s end.
High Probability Strategies
The S&P 500 index went out at 840.25 Wednesday, led by energy and a significant short covering in financials. See Kevin Haggerty’s commentary on the market’s response to the capital problems so far declared by Bank of America and Citigroup.
A Market For Timers Not Buy/Holders
U.S. stock markets opened lower on Tuesday, but according to Kevin Haggerty, there is good news of a sharp reversal ahead. See his commentary on why this is a market for timers.
The Coronation Rally
The banks and energy sectors led the downside yesterday, with the major indexes in red. See Kevin Haggerty’s recap of yesterday’s dismal market performance.
Reversal From Short Term O/S Condition
The S&P 500 Index shed 20.09 points yesterday. But Kevin Haggerty believes that in this market one would expect more of a decline, especially with the constant barrage of depression like news from the media. See his commentary on the odds of a successful reversal this week.
High Probability Reversal Zones
Kevin Haggerty analyzes the latest market conditions and explains why the solutions to our current down economy won’t come from the government.
The Powerful Combination of Strategies and Symmetry
After posting healthy gains in Monday’s session, the energy sector is continuing to advance with crude oil trading over 50. See Kevin Haggerty’s recap of yesterday’s trades, as well as, his commentary on opportunities in the major market today.
The Next Key Market Catalyst
It is time to wind down the trading year of 2008. See Kevin Haggerty’s recap of Monday’s price action and his advice on how to adjust your trading plan for 2009.
SPX in Position for More Upside
The SPX went trend down yesterday, but the weekly chart points to higher prices into year end. Kevin Haggerty gives traders the heads-up on how to play the market into year end.
Contracted Volatility Signals Next Move
Today is a “triple witch” expiration, which tends to create more volatility in the markets. Kevin Haggerty comments on why day traders should stick with defined strategies in today’s session.