Category: General Market NewsSort
Following the market is starting to become a tedious chore. The back and forth action occurring in the stock market may be fertile grounds for the day trader, but not for the position trader. Long or short, trying to trade in this type of environment is tough. Of course, the million dollar question is “when will it be safe to leave the sidelines and enter the market?” No one can answer that.
Today’s 3pm reversal, presumably triggered by Obama’s announcement of an announcement of a plan to mitigate foreclosures, brought sharp short-covering in many stocks that were unquestionably headed down at the time. Volume swelled, as would be expected, into that last-hour rally. Most of the stocks below had intraday lows that were 5-10% below their close.
Handsome James (Falvo): Today's Market Commentary Friday February 13, 2009
IMF revised its estimatives again for the world economy
January Was Not Kind To Dividend Payers In The S&P 500 Index
Dividend payers are not getting off to a good start in 2009. For the month of January, the dividend payers in the S&P 500 Index declined 9.40% versus a decline of 3.39% for the non-payers. The once reliable financial sector contributed to the poor performance for the dividend payers. The financial sector alone fell 26.55% versus the S&P's decline of 8.57% in January.
Handsome Jame (Falvo): Today’s Market Commentary Tuesday February 10, 2009
Today's Market Commentary Tuesday February 10, 2009
Not much to write about the last 2 days. The last 2 days have been scalp days with the indexes chopping around until the Treasury announces the banking plan today, and then later when the Congress does a final vote on the spending plan.