A big day for the markets as news of JP Morgan raising its bid for Bear Stearns to $10 a share had the market giddy. As predicted techs lead the way with the NASDAQ racing ahead 3% on the session.
Immediate concern is addressed with the overall volume, which was completely lackluster. The NASDAQ didn’t even [...]

The market is set to open up this morning as news of Bear Stearns possibly getting a higher bid of $10 a share from JP Morgan has everyone feeling positive.
The S&P 500 looks to open up about 1% and alongside it the NASDAQ. This will put both indices above their current horizontal channels, a bullish [...]

The market ended last week both with positive gains and also with positive momentum. With the fed cut and Bear Stearns news behind us, could we really be ready for a rally?
At the close Friday both indices still finished within their current horizontal channels which can be seen visually below. Momentum suggests the NASDAQ and [...]

With the market closed tomorrow and options expiring today we can expect another volatile day for the overall market.
Right now as of 9:22 AM I am looking at a now positive open for the NASDAQ Composite, and a near flat open for the S&P 500.
Gold is set to open down below its critical 50 day [...]

After yesterday’s massive run up on Fed cuts and financial earnings surprises, today’s sell off was no surprise. The problem with today’s sell off though is that it came with a focus on the only really stable and positive groups: Fertilizers, Steel, Oil, and Gold/Silver.
Before I get into anything tonight, I want to re-stress once [...]

Financial markets can be very complex. As we have learned over recent months, the financial engineers on Wall Street have developed a toxic brew of leveraged investment vehicles which have led to massive losses, the disappearance of [...]

The market has opened well to the upside thanks to better then expected earnings from several investment banks and the expectation of another rake cut coming this afternoon.
As of 9:37 AM the NASDAQ is up 2.1%, and the S&P 500 is up 1.9%. Gold is flat at the open and seems to be trending sideways.
Goldman [...]

Bear Stearns getting bought out at $2 had not only the financials under extreme pressure today but also the rest of the market.
The NASDAQ and S&P 500 both hit new 52 week lows intraday, but closed back above them finishing the day down 1.6% and .9%, respectively. Volume for the S&P was the heaviest its [...]