Posted by Martin March 01, 2012

ISM Feb Manufacturing Index Falls

The U.S. manufacturing sector’s expansion slowed in February, according to data released Thursday by the Institute for Supply Management. The report followed disappointing data covering January consumer activity that led some economists to mark down their estimates of first-quarter economic growth. The ISM’s manufacturing purchasing managers’ index fell to 52.4 last month from 54.1 in Continue reading →

Posted by Martin December 21, 2011

Wacky Trading today

SPX opened lower on worries over the Europe (like we haven’t heard about it previously), then technicals got in, mainly Oracle’s bad results and pushed the market (SPX) all the way down to 1230. That looked scary! At least for me since two days ago I reversed my bearish outlook into bullish and I started Continue reading →

Posted by Martin December 20, 2011

Is Santa Claus Rally undergo?

As I wrote yesterday, we could break down thru the support or bounce back. The market was oversold and there were no significant negative news to push it lower, however because of Europe, there still was a risk of going lower. It seems like we are bouncing instead. The SPX surged 2% up at opening Continue reading →

Posted by Martin December 19, 2011

Today’s trading

Today's trading

The trading was a bit quiet today, however the market tanked due to banks. I also think it was partially due to European crisis as well. Recently in Germany a poll was taken and it revealed that more than 50% Germans wish to go back to Deutsche Mark rather than staying with Euro. More and Continue reading →

Does the market resume its downtrend?

We are technically still in bearish territory. When you look at where SPY (for example) is trading (or you can also take a look at SPX), it is still trading below 200 day MA. It however knocked on that resistance several times (which may be a sign of a break thru sometime in the future). Continue reading →

Posted by Martin December 12, 2011

Even the EU leaders admitted they were surprised of the rally

Yesterday I have read an article in The Guardian that even the EU leaders were surprised of the Friday rally: “We were quite surprised that the markets reacted as well as they did on Friday,” EU officials said on Sunday. “We thought they would really tank and there’s still this legal uncertainty hanging over the Continue reading →

Posted by Martin December 09, 2011

Europa: once again an important “nothing” came out

Here we go again. How many times have we heard the same proclamations out of the European leaders summits? Investors are hoping for leaders to give them a solution and they take every word those politicians say very seriously and – overreact. So what we have heard so far? Nothing actually. Every day we hear Continue reading →

Posted by Martin December 09, 2011

Market rallies on utopia

Last night, the European leaders tentatively agreed on national budgets controlled by Brussels. I cannot imagine Greeks, British, Spain, Czech Republic, Slovakia or other European countries with historical animosity towards Germany and each other allowing anyone telling them what they should do with their national budgets. Also, the agreement counts on lowering the deficits of Continue reading →

Posted by Martin December 08, 2011

SPX turning down

Interesting market these days. I couldn’t believe what I saw. Using common sense everybody could see that this rally is not sustainable, yet the market was rallying. Maybe it is due to a fact, that vast majority of mutual fund managers are under-invested, they missed this rally and they are terribly under-performing. Scared they may Continue reading →

Posted by Martin November 30, 2011

Be aware of next bubble to burst

There are many many news media out there excitedly creeping around “finally solved” or “European hopes” bushes (read: news). The news media such as Yahoo or CNN Money are among them. Almost worthless to read it! However, you can find commentaries out there that are not that optimistic and that are providing with more realistic, Continue reading →