Archive for February, 2008
« Previous EntriesIs There Enough Momentum to Help Stock Prices Move Through Overhead Resistance?
Wednesday, February 27th, 2008Stock prices took a break from the recent 3 day rally to deal with overhead resistance found at the 50 day moving average and the lows created in early January.
The question of the day is if there is sufficient momentum to break through this resistance area and continue moving up?
The reality of today’s trading is […]
Economic Calendar for the Week of Feb 25
Monday, February 25th, 2008The Week’s Economic Indicator Calendar
[Date listed at start of day. If Time blank, Indicator reported same time as one above.]
Economic Calendar for the Week of Feb 25 – Feb 29
Date
Time (ET)
Release
For
Consensus
Prior
Impact
M
Feb 25
10:00
Existing Home Sales
Jan
4.80M
4.89M
Moderate
Tu
Feb 26
08:30
Producer Price Index (PPI)
Jan
0.4%
–0.1%
Moderate
Core PPI
Jan
0.2%
0.2%
Moderate
10:00
Consumer Confidence
Feb
83.0
87.9
Moderate
W
Feb 27
08:30
Durable Orders
Jan
–3.5%
5.2%
Moderate
10:00
New Home Sales
Jan
600K
604K
Moderate
10:30
Crude Inventories
02/23
NA
4204K
Moderate
Th
Feb 28
08:30
Gross Domestic Product (GDP)–Prel.
Q4
0.7%
0.6%
Moderate
GDP Chain Deflator–Prel.
Q4
2.6%
2.6%
Moderate
Initial Jobless Claims
02/23
NA
349K
Moderate
F
Feb 29
08:30
Personal Income
Jan
0.2%
0.5%
Moderate
Pers. Consumption Expenditures […]
Stock Market Looks for a Bullish Breakout
Monday, February 25th, 2008It has often said that the stock market will always act to make fools out of the greatest number of people.
It appears that the breakout from the symmetrical triangle I have spoken about frequently may be to the upside - not the downside as many (including me) had been expecting.
Readers of this web-site will appreciate […]
Broad Stock Market Bearish Continuation Pattern Continues
Tuesday, February 19th, 2008I last wrote about the stock market bearish continuation pattern a few days ago.
Today I thought I was going to be proved wrong and that stock prices were going to firmly establish a trend reversal with a break-out to the upside. Unfortunately stock prices could not maintain the mornings upward momentum.
After a huge morning advance […]
Economic Indicator Calendar for the Week of Feb 18
Monday, February 18th, 2008The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.[Economic Calendar Note: Date is listed only at the start of each day. When Time is left blank, it means Indicator will be reported at […]
Stock Analysis and Trading Signals for Barnes Group - B
Saturday, February 16th, 2008Proper stock chart analysis of Barnes Group Inc., stock symbol B, for a few minutes every weekend would have netted a gain of about 40% in less than a year.
Unfortunately, shares of Barnes Group Inc. dropped Friday after the aerospace and industrial components manufacturer posted fourth-quarter profit and 2008 guidance below Wall Street’s estimates. The […]
Stock Market Appears to be Working Through a Bearish Continuation Pattern
Thursday, February 14th, 2008The last few days stock market trading made it seem like all our worries were behind us, todays stock market action seems to be firmly indicating there will be more price reductions ahead.
Fed Chairman Ben Bernanke predicted a “sluggish” economy until later this year and more mortgage-related losses at banks and lending institutions.
Wow - there’s […]
Stock Market Timing Strategy Change
Wednesday, February 13th, 2008Because this is a daily stock market timing and stock selection service, the frequency of trade alerts is fairly high.
Bears Take Control of a Promising Stock Market Rally
Tuesday, February 12th, 2008Bearish action towards the end of trading today pushed the major averages down at the close.
The relatively narrow Dow Industrial average held onto more of the days gain than did the broader Wilshire 5000 Index.
Driving the Dow up today was news from GM that they are offering a voluntary termination package to their entire workforce. […]
Economic Calendar for the Week of Feb 11
Monday, February 11th, 2008The Week’s Economic Indicator Calendar
Weaker than expected economic data tends to send bond prices up and interest rates down, while positive data points to lower bond prices and rising loan rates.
[Economic Calendar Note: Date is listed only at the start of each day. When Time is left blank, it means Indicator will be reported same […]
