Archive for March, 2008
« Previous EntriesStock Market Price Bounce Encounters Resistance And Reverses Direction
Monday, March 31st, 2008Stock market index prices reversed over the last few trading days in a classic display of encountering overhead resistance.
Worse, major stock market indexes are appearing to accelerate the downtrend in stock prices that started in November of 2007.
Take a look at the chart of the Wilshire 5000 daily stock prices below. I have drawn a […]
Economic Indicator Calendar
Monday, March 31st, 2008Economic Indicator Calendar for the Week of Mar 31 – Apr 4
Date
Time (ET)
Release
For
Consensus
Prior
Impact
M
Mar 31
09:45
Chicago PMI
Mar
46.7
44.5
HIGH
Tu
Apr 1
10:00
ISM Index
Mar
48.2
48.3
HIGH
W
Apr 2
10:30
Crude Inventories
03/29
NA
88K
Moderate
Th
Apr 3
08:30
Initial Jobless Claims
03/29
NA
366K
Moderate
Th
Apr 3
10:00
ISM Services
Mar
49.2
49.3
Moderate
F
Apr 4
08:30
Nonfarm Payrolls
Mar
–40K
–63K
HIGH
F
Apr 4
08:30
Unemployment Rate
Mar
5.0%
4.8%
HIGH
F
Apr 4
08:30
Hourly Earnings
Mar
0.3%
0.3%
HIGH
F
Apr 4
08:30
Average Workweek
Mar
33.7
33.7
HIGH
.
Stock Market Indexes Reach Resistance Level and Stock Price Improvement Stalls
Wednesday, March 26th, 2008Stock market indexes reached a well established resistance level today and stock prices retreated somewhat on relatively quiet trading.
A weaker-than-expected drop in orders of big-ticket items didn’t help stock prices. But at least that snippet of economic news didn’t cause a complete route of the stock market indexes like it might have done a week […]
The Week’s Economic Indicator Calendar
Tuesday, March 25th, 2008Economic Calendar for the Week of Mar 24 – Mar 28
Date
Time (ET)
Release
For
Consensus
Prior
Impact
M
Mar 24
10:00
Existing Home Sales
Feb
4.86M
4.89M
Moderate
Tu
Mar 25
10:00
Consumer Confidence
Mar
75.0
75.0
Moderate
W
Mar 26
08:30
Durable Goods Orders
Feb
1.0%
–5.3%
Moderate
W
Mar 26
10:00
New Home Sales
Feb
580K%
588K
Moderate
W
Mar 19
10:30
Crude Inventories
03/22
NA
133K
Moderate
Th
Mar 27
08:30
Initial Jobless Claims
03/22
NA
378K
Moderate
Th
Mar 27
08:30
Gross Domestic Prod. (GDP)–Final
Q4
0.6%
0.6%
Moderate
Th
Mar 27
08:30
GDP Chain Deflator–Final
Q4
2.7%
2.7%
Moderate
F
Mar 28
08:30
Personal Income
Feb
0.3%
0.3%
Moderate
F
Mar 28
08:30
Pers. Consumption Expenditures (PCE)
Feb
0.2%
0.4%
HIGH
F
Mar 28
08:30
Core PCE
Feb
0.2%
0.3%
HIGH
F
Mar 28
10:00
Univ. of Mich. Consumer Sentiment–Rev.
Mar
70.5
71.0
Moderate
Stock Market News Contributes to a Bullish Tradeable Bounce - How Far Can This Go?
Monday, March 24th, 2008Good stock market news - or at least unexpected positive news on the number of home sales combined with a bullish offer for bankrupt Bear Stearns carried the stock market to it’s second winning day out of two.
Do two up days in a row on unexpected stock market news mean this is a great time […]
Increasing Evidence The Stock Market Is Creating An Intermediate Term Bottom - Find Out How To Make Money In This Environment
Wednesday, March 19th, 2008Evidence is increasing in the stock market that recent price action could be creating an intermediate bottom that could lead to a tradeable bullish bounce.
Recent strength in several market groups that helped pull prices down last year are displaying increasing relative strength over the recent weeks. These groups include the transports, retailer, homebuilders, small and […]
Economic Calendar for the Week of Mar 17 – Mar 21
Monday, March 17th, 2008Economic Calendar for the Week of Mar 17 – Mar 21
Date
Time (ET)
Release
For
Consensus
Prior
Impact
M
Mar 17
08:30
NY Empire State Index
Mar
–5.0
–11.7
Moderate
M
Mar 17
09:15
Industrial Production
Feb
–0.1%
0.1%
Moderate
M
Mar 17
09:15
Capacity Utilization
Feb
81.3%
81.5%
Moderate
Tu
Mar 18
08:30
Housing Starts
Feb
995K
1012K
Moderate
Tu
Mar 18
08:30
Building Permits
Feb
1020K
1061K
Moderate
Tu
Mar 18
08:30
Producer Price Index (PPI)
Feb
0.3%
1.0%
Moderate
Tu
Mar 18
08:30
Core PPI
Feb
0.2%
0.4%
Moderate
Tu
Mar 18
14:15
FOMC Policy Statement
HIGH
W
Mar 19
10:30
Crude Inventories
03/15
NA
6177K
Moderate
Th
Mar 20
08:30
Initial Jobless Claims
03/15
NA
353K
Moderate
Th
Mar 20
10:00
Leading Economic Indicators (LEI)
Feb
–0.3%
–0.1%
Moderate
Th
Mar 20
10:00
Philadelphia Fed Index
Mar
–18.0
–24.0
HIGH
Bear Stearns Sells At A Stock Market Crash Price Of $2 A Share!
Sunday, March 16th, 2008$2 a share for Bear Stearns? If that price isn’t a stock market crash deal then I don’t know what is. That price is a little more than 1% of it’s former high of a little more than a year ago!
Call this an unbelievable weekend regarding stock market news.
I’m not even going to try and […]
Is The Stock Market Forming a Double Bottom? - Or Is It A Bear Trap For Unwary Investors?
Wednesday, March 12th, 2008With the recent huge one day runup in the stock market indexes and the retest of the January lows clearly underway there is a lot of talk about stock prices forming a double bottom.
Technical analysis is a mixture of art and a science, which makes it subjective and open to interpretation. So a correct interpretation […]
Headline - US Stocks Soar - Well Maybe, Time Will Tell…
Tuesday, March 11th, 2008Is this a stock market “dead-cat-bounce” or a real sign of a bottom? Lots of technical indicators are predicting that stock prices are near a bottom, however, you should wait for confirmation before risking your money in this market. The longer term trend is still bearish.
For example, here were the headlines from CNN at the […]
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