Oct 21 Market Update   In the broad perspective of where the market has been, today’s move was rather benign.  There was a late day sell off on fears of less than stellar earnings from Apple (AAPL) after the bell.  The Nasdaq fell by 4.1% due to this and this morning’s lowered earnings outlook from Texas Instruments.     The other major loser today was the commodity space.  With outlook downgrades out of FCX and CAT combined with a strong dollar move, many of the commodity stocks gave up previous […]

  Well…another triple digit day in the market. Bullish arguments prevailed today as credit markets thawed, commodity prices rose, and more stimulus was discussed. We discussed that the market was 30% below its 200 day MA last week and how that is helping create a nice market environment for buying amidst all the problems. The journey towards the 200 day MA will probably be a volatile one, but appears to be on the way to happening. Why? Well lets look below.   1. Fed chairman Bernanke spoke on Capital Hill […]

  Recently, I have fielded many questions about the credit markets and how to recognize improvements or weakness. To understand the credit markets, one must understand the basic concept of LIBOR. Below is an explanation of LIBOR taken from www.investopedia.com     “An interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association. The LIBOR is derived from a filtered average of the world’s most creditworthy banks’ interbank […]

Hey Gang, Tonights call was a question and answer session. It was fun for me to give since you had a wide variety of questions on very good topics. There is no doubt in my mind that those new to the market who work diligently on learning in this volaitle environment will find great success! Many questions revolved around www.finviz.com. It is a great website for searching stocks and analyzing fundamentals. I encourage each of you to get familiar with the site and the screeners that it has. We also […]