Market Wrap
08:22:09 PM EDT | 06/22/2009
Monday, Bloody Monday
By Todd Shriber | This probably was not the start to the week the bulls had in mind after last week's slump. News out of the World Bank that the global economic situation is more dour than originally thought spooked investors, sending the S&P 500 down 3.1% to 893.04.
New Option Plays
08:43:56 PM EDT | 06/22/2009
Melting Down and Cashing Out
By James Brown | We're adding a steel maker and a casino stock to the list.
In Play Updates and Reviews
08:45:26 PM EDT | 06/22/2009
Stocks Correct Sharply
By James Brown | The breakdown under 900 in the S&P 500 doesn't bode well for the bulls.
Index Wrap
08:42:44 PM EDT | 06/20/2009
Losing Momentum
By Leigh Stevens | The breakout came to the downside and I anticipate further selling pressures ahead. While the most common breakout after a sideways move in an uptrend is to the upside, the odds for this drops significantly when the major indexes are also registering overbought readings.
Thursday, June 18, 2009
The Contrarian
Overall Bias Is Negative
By Robert Ogilvie |
The overall bias is NEGATIVE with all three indicators on negative signals. It is rare to have all three indicators pointing in the same direction. Usually we are neutrally positioned with a bullish or bearish skew.