Stocks Fall in Heavy Volume as Fear Continues Mount about Sovereign Debt

June 30, 2010 | Comments Off

The global sell-off began in China and sent ripples throughout the entire market. Two acronyms caused issues today the “ECB” and “LEI.” Sellers took to the market and did not leave any stones unturned hitting just about every stock. We’ve been preaching cash for quite some time and once again it proved to be a [...]

Posted by MarketSpeculator | Filed Under Market Commentary

Seeking Alpha Article (PCLN: Another Leader Ready to Tumble)

June 29, 2010 | Comments Off

http://seekingalpha.com/article/211963-priceline-com-another-leader-ready-to-tumble

Seeking Alpha Article (PCLN: Another Leader Ready to Tumble)

Posted by MarketSpeculator | Filed Under Market Commentary

Low Volume Continues as the Market Closes Just off the Lows of the Day

June 29, 2010 | Comments Off

After Friday’s Russell re-balance the market took a breathier as stocks ended the day just their lows. Early in the day a disappointing Dallas Federal Reserve Manufacturing activity index dropped four percent, but reaction was mute as the market ignored the indicator. Stocks pushed to the highs of the day, but were unable to sustain [...]

Low Volume Continues as the Market Closes Just off the Lows of the Day

Posted by MarketSpeculator | Filed Under Market Commentary

Top Current Holdings

June 27, 2010 | Comments Off

Stock symbol – % return since purchase – date of purchase
Longs:
LCUT 153% 11/2/09
UPI 53% 4/26/10
AKRX 16% 5/25/10
CTHR 10% 6/2/10

Currently long 9 stocks, after Monday’s opening bell
Shorts:
THO 18% 5/20/10
EXPE 14% 5/7/10
NOV 13% 5/11/10
KSS 8% 5/13/10
SFD 7% 6/17/10
Currently short 8 stocks

Top Current Holdings

Posted by MarketSpeculator | Filed Under Market Commentary

Financial Regulation Hangs Over the Market

June 25, 2010 | Comments Off

Third Straight Distribution Day for the S&P 500 as Volume Remains Below Average
CASH IS KING

Today’s market was a mix of selling and lack of bids forcing stock prices lower. A self-imposed deadline for Washington, DC’s financial reform held back institutions from stepping up to the plate. Volume was, once again below average but did pick [...]

Financial Regulation Hangs Over the Market

Posted by MarketSpeculator | Filed Under Market Commentary

Federal Reserve Fails to Inspire a Rally but Stocks Finish Off the Lows

June 24, 2010 | Comments Off

While the Federal Reserve Open Market Committee’s statement dominate the afternoon headlines the drop in New Home Sales grabbed the morning headlines. Most economists were looking for a drop of 18.7%, but when the number released the percentage drop was 33%. Without government help the housing market is showing its true colors, it remains weak. [...]

Federal Reserve Fails to Inspire a Rally but Stocks Finish Off the Lows

Posted by MarketSpeculator | Filed Under Market Commentary

Another Reversal Ahead of the Federal Reserve as Volume Ends Mixed

June 23, 2010 | Comments Off

Back to back reversals has left the market in the balance as the market tries to work off its recent move from June 8th. Volume was higher on the NYSE, but remained well below average. Like the NYSE, the NASDAQ had much lower volume than the 50dma, but it finished lower than yesterday’s pace. Therefore, [...]

Another Reversal Ahead of the Federal Reserve as Volume Ends Mixed

Posted by MarketSpeculator | Filed Under Market Commentary

An Ugly Reversal Leaves a Large Blemish on the Current Uptrend

June 22, 2010 | Comments Off

Buyers took to the market with optimism as news about the Yuan floating pushed prices at the open. However, the highs set at the open wouldn’t be seen for the remainder of the day as sellers remained in control. Volume was lower throughout the day, but comparing to Friday’s options expiry is a tough comparison [...]

An Ugly Reversal Leaves a Large Blemish on the Current Uptrend

Posted by MarketSpeculator | Filed Under Market Commentary