EOT Update
EOT Position Update – March 11, 2009
March 11, 2009 Market Snapshot The ‘one day wonder’ rallies continue. Every week we seem to get a big rally, only to give up the gains the next day or two. Clearly, follow through is not the strong point for the market these days. The big news this week… It looks like Madoff is going […]
EOT Position Update – March 4, 2009
March 4, 2009 NOTE: Watch for a new trade in the next 48 hours! Market Snapshot Can you believe we’re below 7,000 on the DOW? This is absolutely amazing. We broke lower all week, then the market moves up significantly today. As they say, one point does not a trend make! The big news this […]
EOT Position Update – February 25, 2009
February 25, 2009 Market Snapshot Two days ago we had a huge rally. All on the word from Fed Chairman Ben Bernanke that the recession might end at the end of the year. Then, today we’re all over the place trying to decide if we should follow through on the prior market action. This tells […]
EOT Position Update – February 18, 2009
February 18, 2009 Market Snapshot Wow, what a difference another week makes. Two weeks ago we were near 8,400, last week it was 8,000… today were around 7,500 on the Dow. Clearly we’re retesting the November lows… everyone is waiting to see if they hold. The big news this week… The automakers went again hat […]
EOT Position Update – February 11, 2009
February 11, 2009 Market Snapshot It looks like the market is holding tight to the idea of trading below the 8,000 level. We continue to trade in a range-bound fashion. I think this will be the norm for some time. As the markets oscillate between the high 7,000 and low 9,000 we’ll look to play […]
EOT Position Update – February 4, 2009
February 4, 2009 Market Snapshot Well, today we’re closing below the 8,000 mark on the Dow. Just last week we were above 8,400 on the Dow. The volatility in the market continues! The big news this week… The Super Bowl. Congratulations to the Pittsburgh Steelers. Despite losing, I must tip my hat to the Arizona […]
EOT Position Update – January 21, 2009
January 21, 2009 Market Snapshot The last three weeks the market has done nothing but fall… At the start of 2009 the Dow Jones Industrial Average peaked at around 9000. Today we’re trading around that 8,000 level and threatening to go lower. The big news this week… The highlight of the week, the Arizona Cardinals […]
EOT Position Update – January 14, 2009
January 14, 2009 Market Snapshot Looks like the cold slap of reality I mentioned last week turned into a right hook to the jaw. The market had a number of steady down days. Not a good sign for the remainder of 2009. If you get the Wall Street Journal, I suggest you look closely at the […]
EOT Position Update – January 7, 2009
January 7, 2009 NOTE: Watch for a trade early next week. Market Snapshot Well, the end of last year looked good. We’d put together a string of three consecutive winning days. Unfortunately, the end of the year excitement was replaced with the cold slap of reality. Now that the professional traders have returned to the […]
EOT Position Update – December 31, 2008
December 31, 2008 Market Snapshot Today is New Year’s Eve. It’s a historic moment as we wave goodbye to one of the worst markets since the great depression. We stand today down almost 40% on the year. I don’t know about you, but I’m ready to forget about 2008 and focus on 2009. Because of […]
