ECB Sinks Stocks Again
U.S. stocks again gave up early gains and finished Wednesday lower. And Europe was the culprit, as the European Central Bank (ECB) is reportedly...
Credit markets ugly
Stocks are hovering around flat, but the credit market is trading very poorly. Bid-wanteds in cash are rolling in, especially in the go-go...
Afternoon Update
Markets filled the opening upside gap but can't get any momentum below yesterday's Low of 133.13—low of the day is 132.95--- I still say the...
Something We Already Knew
Roger did a great job talking about the minutes. What is fascinating is the
comments about 'ready to do something if the recovery falters...
10 Year US Treasury Yield...
...now at 1.75%...8 basis points above the record low
Fed Minutes...
The minutes are 25 pages long versus 9 for March and 31 for January. The
FOMC meets every 6 weeks, so some months have no meeting.
...
The Smartest Guys In The ROOM ...
. have turned out to be the retail investors/traders, deciding the market
was crooked beyond repair, refusing to fund their IRA with...
Fed Minutes Out...
......
Darden
Adding it to my watch list yesterday, was feeling the action compared
to the down market. Getting some big follow through today. Looking...
Railroad Name Sets Up Nicely
Some decent movement in the railroad group today. One of the best-looking charts, in my view, belongs to Union Pacific (UNP). Good...
Midday Update
Markets are bouncing today as headlines about wanting to keep Greece in the eurozone are floating around.
I think that won't happen,...
With Dougie gone today
I will take the liberty of putting the gun to my head and saying I think today the pattern changes.
why? oils and materials trying to play...
A Look at the Market
After a crummy session for stocks Tuesday, major averages are still in search of Day 1 of a rally attempt. It sure would be nice to see gains hold...
GE Capital resumes dividend
Good to see GE Capital resume its dividend to its parent. This should
provide the ammunition for GE to boost its dividend to at least 4%...
Another LNG export facility in the making
Royal Dutch Shell (RDS.A), Korea Gas, Mitsubishi and PetroChina (PTR) are
planning a large LNG export facility on the West Coast of Canada...
Home Builders are Up BIG...
... in the premarket following the April construction report indicating
starts are up above expectations... TOL, LEN and HOV, are up 1, 2,...
Oil Prices Down...
... Oil company shares up... I don't understand what's driving that
dynamic... All major oil companies worldwide are up with Norway's...
JCP is Down...
... another 15% in the premarket even as TGT is up 2%... although the
markets are indicating a belief that JCP's woes are unique to them I...
European Banks Rally...
...1-3% on average on relief that decisions about Greece have been kicked
for a month... hopefully anyway... it is still possible that...
It was All Aligned for Abercrombie, to Do Poorly
I was not a fan of the stock pre-earnings, and am still not a fan
having sliced and diced the numbers pre-earnings call. We have a
...
QE-Wheeeeee
The 2pm FOMC minutes will be the day's focal point, with bulls hoping that
Big Ben will back up the helicopter and save the stock market....
As If the HFT in the U.S. and Europe Were Not Enough...
Appears CITIC Securities in China (largest investment bank by market cap) has purchased the algorithmic platform of Progress Software. I'm not...
Greek 10 Year Yields...
...back over 30% today. The financial media have focused on the Greek government turmoil. However, I will reiterate that the new French...
How Greece Might Play Out
Excellent article on the numerous impacts to Greece and Europe if the
country has to leave the European Union in Bloomberg this morning....
Worth Mentioning Again
As I was reading Doug K's diary Tuesday I ran across some of the best comments
about this current market and the saga we are in, bears...
Trade by Your Rules
Overseas Headlines continue to control this market as seems the foot that keeps kicking this can down the road is getting a bit...
Quick Morning Notes
It seems as if only a couple of days ago we were toying with 1340 on
the S&P 500.=A0 Now, the S&P 500 has closed below prior 1340...
No surprise on JCP if you followed me on Real Money Pro in January
You could have profited from the JCP debacle if you read my Jan. 27, 2012
article...
_Not Buying JC Penney's Optimism_
...Heart of Down Wave
By Avi Gilburt
These are the types of trade set ups we like to see. Today, we were able to narrow down a short trade set up to within one...
JC Penneys Earnings Disaster
20% year over year revenue decline. Golden boy CEO Johnson could be gone in
a year at this rate. Trading at 29.40, down 4 from the close...
JCP is Getting Crushed...
...in the after market on a bad earnings report
Greece's Long Shadow
It was a volatile day for U.S. stocks, which ended Tuesday lower. The debt crisis in Greece overshadowed strong economic headlines at home and in...
Late-Day Update
Markets just took out the low of the day, $133.84 on the SPY as well as the premarket low of $133.61.
The next level we've been talking...
Oil Still Driving the Bus
It seems every tick down for the last two weeks in oil means a drop from
stocks. The correlation is getting much stronger now, nearly...
Big Move by Tecumseh
TECUA, TECUB up more than 60% today; 13D filed by Roumell Asset Management,
which now owns 21.6% of Class A shares, 12.9% of Class B shares...
That down-draft
This surprised me since it crushed the commodity stocks which are already so down and out. By a fraction, there were fewer new lows today than...
Martin Luther and the Eurzone
Great post about religious doctrine predicting currency union. Tip of the hat to @theartofthexpat for pointing out.
...Headline-Driven Action
Very sloppy trading, as we are driven by every headline out of Greece!
Some longs are working, and some short. Very mixed.
The...
Cerner Is Acting Well
One of my favorite health care names continues to be Cerner (CERN). The health care information technology firm caters to...
A Senator's take on EPA regulations
Senator Lamar Alexander of Tennessee discussed new and pending EPA rules at
a breakfast conference with Politico this morning. He believes...
Resmed [RMD] - Now #1 ranked by Zacks
Sleep apnea treatment company Resmed [RMD] was featured in my Dec. 13, 2011
Real Money Pro article when the shares were trading for $25....
Retail Sales
Retail sales came in a bit soft this morning, with an increase of 0.1%, both with and without autos, following a 0.7% gain that was previously...
Europeans Loving Their Bargains
The European division for TJ Maxx (TJX) led the company in terms of
same-store sales at 13% growth. Easy year earlier comparison or not...
Can the Market Hold Early-Morning Gains?
Markets don't to want to give the "easy set up" Most traders were hoping for a Gap down to buy, and some for a gap down to...
Banks...
US banks are up across the board in pre-market activity by about 1%.
Italian, French and UK banks are down in London and the European...
Positive survey results from corporate market could bode well for overall market
A new Amex survey out shows corporations are migrating from a cash hoarding
stance to a more agressive strategy of using funds for...
China...
Foreign Direct Investment in China has decreased for a 6 month in a row,
through April. The net decline is attributable however almost...
Dick's Sporting Goods Goes on the Shopping List
Dick's Sporting Goods (DKS) is a best of best in breed stock to be put
(or traced over) on a list of names to return to once the market...
Sovereigns Yields Higher...
... almost everywhere... very interesting... 10 year yields:
First Tier Countries:
US, Germany and Japan - up by 3,3, and 1 basis...
Where I See the Letdown in Home Depot Numbers
Score another one for Mr. Market who bid down Home Depot (HD) shares
ahead of the quarter. Despite the pullback, there are pockets of...

