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Stop the Week, We Want to Get Off!
Phil’s Stock World — ... It went very quickly downhill from there and thank goodness we had a firm eye on our 40% levels which were; 6.232 on the NYSE (failed at 10:43), 1,717 on the Nasdaq (failed at 2:52) and 946 on the S&P (failed at 3:13) as well as the CAC, who we were watching at 3,701 (never made it up) and the 4,891 line on the DAX (failed dramatically at around 11 am).  That’s why it’s good to watch the foreign markets - their close gave us a good ...

Stop the Week, We Want to Get Off!
Trading Goddess — ... It went very quickly downhill from there and thank goodness we had a firm eye on our 40% levels which were; 6.232 on the NYSE (failed at 10:43), 1,717 on the Nasdaq (failed at 2:52) and 946 on the S&P (failed at 3:13) as well as the CAC, who we were watching at 3,701 (never made it up) and the 4,891 line on the DAX (failed dramatically at around 11 am). That's why it's good to watch the foreign markets - their close ...

Friday Already?
Trading Goddess — It's very strange coming off a holiday right into a Friday. Traditionally volume on a day like today is anemic but we actually had a pretty strong volume day (comparatively) on Wednesday, the strongest in the past week, which is a good way to break those 50 dmas we discussed in our Big Chart Review but, so far - this is only EXACTLY what we expected to happen for the week so we took the money and ran (and covered) long before the close on Wednesday. We went bottom fishing on Monday's dip but, 5% later at 8,800, we decided not to be greedy and tightened up our shorts, effectively rebalancing to a more ...

Wednesday Morning Jihad
Trading Goddess — Here are a series of articles that you should be able to connect: Oil Collapse Forces Gulf Nations to Run Deficits, Cut Foreign Investment Half of Commodity Shippers May Breach Loan Covenants by April, RBS Says Hamas Fights On in Gaza Strip as Rockets From Lebanon Hit Northern Israel Crude Oil Rises as Saudi Arabia Says It Will Make Deeper Cuts Osama Bin Laden calls for jihad over Gaza That's right, none of the other stuff was working so they had to pull out the big gun. Osama Bin Laden (or the pretend Bin Laden, it's not yet verified) pokes his head out of ...