Category Archives: Markets

Firm’s S&P technical Note 8/31 $$

Posted on August 31, 2010 by Peter Greene

As seen in the attached chart the S&P 500 is still locked in a downward sloping channel and below resistance in the 1,065 area. Even though sentiment as measured in the AAII Survey is fairly bearish (only 20% bulls at … Continue reading →

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Tuesday Market Preview $$

Posted on August 30, 2010 by Peter Greene

Strange day today with the all day drift and closing under the important 1051 area on the S&P. I honestly think today, and this week is crap – low volume and stupid moves in both directions expected. Next support level … Continue reading →

Posted in Fed, Markets | Leave a comment

Housing getting worse-Market not loving it $$

Posted on August 25, 2010 by Peter Greene

So as we go into the fall with almost 5% foreclosure and this glut of new/pre-owned homes out there we expect more pain. No buyer is in a hurry to buy anything and they definitely will not be paying up. Hearing … Continue reading →

Posted in Fed, Housing Market, Markets | Leave a comment

Market filled with danger

Posted on August 25, 2010 by

As seen below the SP 500 is testing a secondary uptrend line (lower green line) near 1,053. Near term with 7 of the last 11 days being down there may be an attempt at a minor bounce, however it appears … Continue reading →

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Rain outside-focus on M&A

Posted on August 23, 2010 by

A dreary Monday outside as most of us in the northeast did not sleep well. The rain was insane lol. Anyway it’s still summer and there will still be low volume all week. I expect today and Tuesday to be … Continue reading →

Posted in Markets, Stocks | Leave a comment

Slow, but new ideas are out there

Posted on August 19, 2010 by

So the market is very slow this week and should continue over the next few weeks too. So if you are in the office, or at least remote looking at things now is the time to find new ideas. We … Continue reading →