I’ve been hearing from a lot of people saying that the bond market is the next bubble to burst. For the most part I’m a stock and options trader but a chart is a chart and if bonds are truly in a bubble then the long term chart should reflect bubble characteristics.
I’m not about to call an oil bottom but there certainly are some signs that suggest the bottom is drawing near. I remember thinking oil was going to bottom at 95, then 60, and here we are at 40 and all the peak oil enthusiasts are saying we are going to rebound just as fast [...]
With the positive price action from last week we are going out on a limb and stating loud and proud that the market is in a confirmed rally. This is a good sign for all stocks short term and we have the accumulation days to prove it.
Consumer lead recessions are extremely tough on the market, and the current crisis is no exception. In 2008 alone the S&P 500 has lost 38%, so where can investors turn? As consumers spend less one type of retail still thrives, dollar stores.
OPEC and the market have a lot to do with the current consolidation breakout for Oil. On pace for a second key accumulation day close this is a short term buying opportunity for oil related stocks (drillers, explorations, etc.).
The dollar continues to rally amidst the worldwide market meltdown. What started as a financial crisis in the United States in early 08 has spread across the globe and now investor sentiment has changed. Perhaps our currency really isn’t so bad after all?
Looking back over the past 12 months there were several huge market trends in the spotlight. Big winners emerged in stock groups like fertilizers, steel, alternative energy, coal, and oil explorations before getting crushed in the recent bear market.
Over the last week Wall Street has been hit with financial news covering everything from Lehman’s bankruptcy to American International Group’s bailout and the SEC’s ban of short selling in 799 financial stocks.
While the effects have been wide spread one new bullish trend has re-emerged as the dollar’s ego has once again been hit hard. [...]