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02.03.10
Bounce Underway 2 - Pre Market
The Dow posted another triple digit day on Tuesday. The index attained our initial target and then added a few dozen points for good measure. The S&P 500 crossed above the psychologically important 1100 level and is now just 4% below its January high. So far, this is not much of a correction. Crude oil closed up 3.7%, which helped the entire energy sector advance over 3%. Financials still lag, as does tech.  
01.28.10
Pre Market Commentary

The major indices made new lows on Wednesday, but the selling was not serious. After another benign FOMC announcement, the Dow managed to rally 150 points from the low of the day, closing up 42. The technical pattern is called ‘3 drives to a low’ and you can see a chart of it below. The pattern is bullish and suggests that today we will get the best bounce since the decline started.

01.22.10
Glass Steagall 2.0

Some will consider 01/21/2010 (11:39 A.M. EST) the moment the White House declared 'War on Wall Street.' Others will remember it as the day the government declared its Independence from Wall Street.

01.19.10
Pre Market Commentary
The Dow fell 100 points on Friday, the worst decline of the year. We think we are approaching a top in the indices, but there is no telling how long it will take to form or what the topping pattern will look like.