The market continued its downward spiral today with the NASDAQ shedding nearly 2% and the S&P 500 coming within three points of touching its January lows. Many stocks sold off hard and several opportunities have arrived for those willing to take the risk.
My Nightly Stock Picks have recently centered around Gold/Silver, Steel, Oil, and Fertilizers [...]

With the negative economic reports continuing to flow in, the market sold off throughout last week. The NASDAQ has lost 5.1% in the last six trading days, and many economists believe we are in a recession.
If you didn’t read my post from Friday I would suggest doing so, it should help. This week the focus [...]

The week is finally over and the damage has now been done with the NASDAQ down a staggering 5.1% over the last six trading days. January lows have now officially been tested.
For the NASDAQ it was the break out of its wedge, and for the S&P 500 the ascending channel told no lies. Ever since [...]

Well, the truth is that its 12:26 AM on Friday morning and I just got home from helping my brother move. I didn’t even get to catch the market close today, and from what I am looking at now I missed quite the party.
In that light, I don’t have two hours to post charts, so [...]

Starting tonight these posts will be titled Blain’s Nightly Stock Picks instead of just Nightly Stock Picks.
The market today added to yesterday’s closing hour rally, closing up roughly .5% across the board. Secondary support is still in tact for both the S&P 500 and NASDAQ Composite.
What’s HOT Right Now: Oil-Gas Field Services, Oilgas Drilling, Oilgas [...]

                The efficient market hypothesis (EMH) states that the prices of publicly traded assets (i.e. - stocks) reflect all the known information about that asset.  Therefore, the market has taken different opinions from millions of investors and created a market price that reflects the collective wisdom.   For those who believe in the EMH, market prices reflect [...]

A low volume day today for the markets. It was a roller coaster though with a last hour rally coming in to bring the indices back near neutrality.
Gold stocks had another good day today, and Steel rebounded nicely (MTL led the way).
NASDAQ Composite
Last support area between 2200 and 2250 for this index, will it hold?

S&P [...]

With the move Friday the market is no doubt back in its confirmed downtrend.
The negative economic data that keeps rolling in has once again taken its toll on the markets. The big question this week, will January’s lows be tested?
Market Status
NASDAQ - Break of wedge pattern (symmetric triangle) to the downside last Friday. Current status, [...]