EOT Update
EOT Position Update – August 6, 2008
August 6, 2008 Market Snapshot NOTE: I see another trade setting up . . . watch for a new Trade Alert on Friday or Monday. The Dow Jones Industrial Average just closed at 11,656. Up slightly from a week ago . . . after a 300+ point gain yesterday. It seems like a lot of […]
EOT Position Update – July 30, 2008
July 30, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,583. Volatility continues to roil the markets with 100+ point moves occurring on an almost daily basis. Big news this week. Merrill Lynch added to the craziness by announcing a small offering of $8.5 billion. They also decided to hold a fire […]
EOT Position Update – July 23, 2008
July 23, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,632.38. This is the second week in a row we’ve closed higher. Great news for all of you bulls out there. This is no doubt giving the short sellers heartburn. REMINDER: I’m working on a new trade alert for Friday morning. Watch […]
EOT Position Update – July 16, 2008
July 16, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,239. The first time in a long time we didn’t close down from the prior week, though a huge end of day 276 point rally didn’t hurt either. Yesterday the markets touched new a low not seen in more than 2.5 years. […]
EOT Position Update – July 9, 2008
July 9, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,147 – down again from last week. I wouldn’t be surprised if we end up even lower next week. Alcoa’s earnings announcement kicks off earnings season for the second quarter. Check out today’s Dynamic Wealth Report to learn more about my thoughts on their […]
EOT Position Update – July 2, 2008
July 2, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 11,214. We’re down another 600 points from this same time last week. I sound like a broken record. This is the fourth week in a row that the Dow has posted a loss. Making the news this week, OIL. Oil gave the […]
EOT Position Update – June 25, 2008
June 25, 2008 Market Snapshot Note: Watch for a new trade tomorrow. The Dow Jones Industrial Average just closed at 11,811. We’re down another 200 points from this time last week. Despite the Fed announcement, the market was only able to put together a 4 point rally. Consumer confidence leads the news this week, and […]
EOT Position Update – June 18, 2008
June 18, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,029. We’re down a bit from last week’s closing price, but not by much. This week earnings news roiled the markets, and the water cooler comment was “can you believe the weather?” The destruction of the banking industry continues. Lehman preannounced earnings […]
EOT Position Update – June 11, 2008
June 11, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,083. We’re down more than 300 points from the same point last week. The US Dollar is showing strength and yet oil prices continue to skyrocket. With oil trading at over 138 a barrel, the impact of high energy prices are finally […]
EOT Position Update – June 4, 2008
June 4, 2008 Market Snapshot The Dow Jones Industrial Average just closed at 12,390. Today marks our fourth down day in a row. The 200 day and 50 day moving averages are still well above our current position. This market is clearly range bound. The biggest news has been Federal Reserve Chairman Ben Bernanke’s statements. […]
