Posted on Monday the 30th of March 2009 at 23:57 by LtPinback
Monday trading opened with a big gap down that followed with profit taking and a bit of relief buying at the end of the day. Volume was average. VIX rose 10.96%The government told GM and Chrysler that they have 60 more days to put their act together or face “orderly” bankruptcy. GM CEO Rick Wagoner [...]
Posted on Monday the 2nd of March 2009 at 23:37 by LtPinback
Consistent and orderly sell off from the start of the day with increasingly fear. Bulls couldn’t or wouldn’t firm up bids. Sell off accelerated after a minuscule rally failed (rally led by Financial Sector, most likely shorts taking profits). In the last half hour of trading, the S&P 500 hit an intraday low of 699.70. [...]
Posted on Thursday the 26th of February 2009 at 23:53 by LtPinback
The market opened higher but quickly turned down into a downward trend channel for the rest of the day. At the end there was a mini sell off within the channel bounds. S&P 500 traded between yesterdays high-low range. Volume was average on the light side.
If market doesn’t turn upwards quickly there is a real [...]
