Yesterday was way too easy. It's what Cap calls a "Free Money Day" in the markets, where you have some obvious good news and everything goes straight up all day, rewarding all participants with a shower of cash. It was certainly just what we needed after a relentlessly bad month. We flipped more bul...

China is leading the markets this morning. Word is that Chinese Premier Wen Jiabao may announce new stimulus measures tomorrow , adding to a 4 Trillion yuan ($585 billion) spending plan as the government tries to revive growth in the world’s third-biggest economy. Wen will announce “a new stimul...

This is getting tedious! We were bearish going into the week but not this bearish. It is unusual though that we have a weekly wrap-up with nothing but negative plays as we did last week but there was nothing very positive in the outlook after the action of the week of the 16th through the 20th, pict...

Boy am I mad! It was brought to my attention last night that Jim Cramer has stolen my plan, which I called " The 3% Mortgage Solution " in my Feb 9th column, and simply added a point to it and claimed it as his own on national TV . I'm not sure how to feel about that - I'll be glad if the plan is us...

Words from the (investment) wise for the week that was (February 16 – 22, 2009) A perfect storm of a deepening global recession and banking woes last week battered equities and supported the safe havens of the US dollar, government bonds and gold bullion. A dismal corporate earnings outlook, fears...

What a great week! I am so happy we stuck to our guns after that very disappointing Monday session. Fortunately, after the awful finish the market had to last week , I went into last weekend's Economic Overview with the full intention of making a bear case for the market going lower and ended up rea...

Now what? In the Weekly Wrap-Up we were discussing the 5% rule in detail and I said of last week's action to members: "Finishing at the 5% rule is considered a bad thing as it means the index simply ran into a wall and didn’t have the push to complete a breakout in one day and it’s rare that the...

The indices continued their range-bound trading today. The early strength gave way to selling mid-morning. I’m not sure whether to blame it on Obama’s economic press conference or technicals — the Nasdaq approaching its 50-day moving average and the indices hitting last week’...

I wanted to update my post about XLF from the other day. I mentioned that I believed that if XLF took out the November lows, the market would follow. On Tuesday it did, it sho did. As you can see, we broke the lows Tuesday and Wednesday we perfectly retraced the break to close at the closing low in ...

I can't take another roast beefing cliche about the stock market. As January goes, so goes the marketBuy the rumor, sell the newsSanta Claus rally Blah, blah, blah. "A little less conversation, a little more action, please." The 820-ish line on the SPY/SPX I posted about in December held up yet agai...