Other Markets In Dow Points
Russell 2000: Down >400 Dow Points

Transports: Down >400 Dow Points

- Platinum down 5% almost 735 dow points
- Palladium down 6% almost 885 dow points
Russell 2000: Down >400 Dow Points

Transports: Down >400 Dow Points

Earlier today, we found out that the initial reading of Q2 GDP came in at 4%. Does this really matter? Not really, because Q1 GDP was revised so many times that the initial reading and each subsequent reading is nothing more than just another blip on the radar. Q1 GDP was revised again today to…
Coming Up Next Week: MONDAY: Labor Day—U.S. markets closed TUESDAY: PMI manufacturing index, ISM mfg index, construction spending, Fed’s Williams speaks, Kodak emerges from bankruptcy; Earnings from H&R Block WEDNESDAY: Mortgage applications, international trade, quarterly services survey, Beige Book, Fed’s Kocherlakota speaks, auto sales, Neiman Marcus bids due, Samsung event; Earnings from Dollar General THURSDAY:…
Few old headlines that are very similar to recent headlines: It’s a funny old World: 1989-1991: Housing and savings and loan crisis: Fed eases aggressively as economy enters deep recession 1992-1994: Existing financial architecture in Europe (ERM) blows apart 1995-1998: European convergence trade in both FX and Bond spreads keeps European currencies relatively stable vis a vis the…
A new watch list for Thursday, January 14, 2010
Several Strong Setups: One thing I look for each week is strong setups. Anyone can be a great Monday morning QB and say – look at how strong XYZ is AFTER it broke out. For me, I find the real value is finding the gems before everyone else. Advanced Entry/Exit Points In Leading Stocks &…
The Perception of Fundamentals Matter What moves a stock’s price? At the most basic level it is Information. Unfortunately, life is not that simple. Arguably, one of the most important market moving components is not the actual data but the perception of the data that matters. It is the perception of fundamentals that determines stock…