06/05/2009 The fine art of subtlety leaking gone forever?

Posted on Thursday the 7th of May 2009 at 1:05 by LtPinback

Market opened with a profit-taking closing the gap move followed by an uptrend that took the ticker to new highs. The closing price was at the resistance level at 919.53. Volume was high.
eports on improvement job data and the leaked stress test results took market to new highs. The KBW Bank index rose 11.5 percent

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04/05/2009 Rally

Posted on Monday the 4th of May 2009 at 23:53 by LtPinback

Market opened at R1 and rallied to R3 within the first 45 minutes. The rest of the day was a waiting game to see if bears either took control of the market or bailed out of positions. In the end price slightly trended up and panic covering took place in the last 10 minutes. Volume [...]

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01/05/2009 Calmness before the storm?

Posted on Friday the 1st of May 2009 at 22:55 by LtPinback

A flat opening with a very choppy double visit to yesterday’s low levels. Then a classic charge to the Pivot Point followed by flagging action. At 1:15 the Pivot Point was broken but the breakout was reversed again very choppingly and with increasing amplitude at the end of the day where price swung by about [...]

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20/04/2009 That was scary

Posted on Monday the 20th of April 2009 at 23:31 by LtPinback

Big gap down and a relentless sell-off from start to finish. Unexpected? Direction – No. Magnitude – Maybe. VIX rose 15.44%. Volume was high
BAC with CEO Ken Lewis at the helm can’t do anything right. Now we find they cannot even cook the books properly. Go figures.
Credit environment is getting worse and U.S. government officials [...]

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Did you hear? Banks are profitable after all the financial shenanigans by the Government

Posted on Thursday the 9th of April 2009 at 23:18 by LtPinback

Market opened with a huge gap up and never looked back. There was very little profit taking at the beginning of the day (for such a sizable gap this is very telling) followed by a charge to the 850 resistance. The first charge was unsuccessful and the LOD were tested again but then price took [...]

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