EOT Update
EOT Position Update – October 21, 2009
October 21, 2009 Market Snapshot Earnings season is underway. I’ve noticed something odd and it has me a bit concerned. We’ve seen some of the market leaders like Intel (INTC), Alcoa (AA), Goldman Sachs (GS), Apple (AAPL), and Google (GOOG) blow estimates away. At face value, this is great news. Their stocks jumped higher on the initial announcement. But then something interesting happened (and it’s […]
EOT Position Update – October 14, 2009
October 14, 2009 Market Snapshot Earnings season starts with a bang! Dow 10,000! Two bellwethers have set a very positive tone for the third quarter earnings season. Alcoa (AA) and Intel (INTC) beat analysts’ Q3 earnings estimates. Alcoa swung to a profit for the first time in three quarters. And Intel posted its strongest 2nd to 3rd quarter growth […]
EOT Position Update – October 7, 2009
October 7, 2009 Market Snapshot Get ready… Earnings season is here. Right now we’re in the calm before the storm. This week we saw the major indices retreat to the support of their 50-day moving average. Now we’re moving back to the same levels we were at a week ago. The indecisive and directionless trading […]
EOT Position Update – September 30, 2009
September 30, 2009 Market Snapshot Right now the bulls remain in control. How can I be so sure? Take a look at the economic data from the last week. It’s a mixed bag at best. There have been more than a few reports missing economists’ expectations. For example, new and existing home sales fell shy […]
EOT Position Update – September 23, 2009
September 23, 2009 Market Snapshot The markets are in a holding pattern this week. Investors are waiting for the next clue about what the future holds. They’ll get it from Fed Chairman Ben Bernanke later today. Bernanke previously said the recession’s ending but we’re not out of the woods yet. We’ll likely see interest rates […]
EOT Position Update – September 16, 2009
September 16, 2009 Market Snapshot Another week’s gone by and surprise, surprise… The S&P 500’s up another 3%. The market leaders are a trio of cyclical industries. Technology, consumer discretionary, and industrials continue to post the biggest gains. (We’re watching these industries closely for a new trade. Why not take advantage of this trend… right? […]
EOT Position Update – September 9, 2009
September 9, 2009 Market Snapshot Happy 09-09-09! I hope you enjoyed your holiday weekend. I know I ate and drank my fill of barbeque and frosty beverages. Now that the Labor Day holiday’s in our rearview mirror, we’ll see some of the big market players returning from vacation. I’ll be keeping an eye on volume […]
EOT Position Update – September 2, 2009
September 2, 2009 Market Snapshot Right now there are a couple of competing fundamental and technical forces keeping the market stuck in neutral. First up are the fundamentals. As usual, new reports are hitting the market on a daily basis. By and large, they have been very positive. Over the last few months, similar news […]
EOT Position Update – August 26, 2009
August 26, 2009 Market Snapshot Is manufacturing the key to the US economic recovery? As unlikely as it sounds, the number of US manufacturing jobs is about to start growing. Yes. Growing! The days of shipping manufacturing jobs overseas by the boatloads (sorry, I couldn’t help myself) are over. You see, the “Great Recession” has […]
EOT Position Update – August 19, 2009
August 19, 2009 Market Snapshot It’s the dog days of summer… and the markets are kicking back and relaxing. The last few weeks of August are vacation time on Wall Street. Most of the senior traders are out of town. They’ve all gone to the beach or an island for some R&R. They’ve left the […]
