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Archive for March, 2010

Video on gold

Tuesday, March 30th, 2010

Here is a new video on the current status of the gold market by Adam Hewison.
 
Click here

NKE

Monday, March 29th, 2010

More light volume, but that is the norm for this time of year.  Here is a note from IBD.
Typically, in the four-session week leading to Easter, daily volume is below average. In the past 10 years, trade on the Nasdaq during the Easter week ran below its 50-day average 80% of the time. So slow [...]

Sunday Notes

Sunday, March 28th, 2010

The market now has three distribution days in the past six trading sessions, and we have seen a few negative reversal days in there too.  A negative reversal day it when indices are up large in the morning only to finish flat or lower by the end of the day.  I think the market needs [...]

Bank Failure #38, #39, #40, & #41

Friday, March 26th, 2010

Straight from the FDIC.
#38
McIntosh Commercial Bank, Carrollton, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CharterBank, West Point, Georgia, to assume all of the deposits of McIntosh [...]

Thursday notes

Thursday, March 25th, 2010

Today was a very wild day in the market.  Great gains in the morning that totally evaporated by the session’s end.  I think we are starting to see that pullback I have been preaching about for the last few weeks.  Please know that a pullback would be very constructive for this market and might even [...]