by Charles | Apr 3, 2008 | Markets
I have no positions in UVV yet but I am considering it as a long. It popped on my Candidates list this morning and I thought it was a nice chart. First the big picture: From this BigChart, we see a wide 10pts base. The price stayed in that 45-55 range from August 2007...
by Charles | Mar 26, 2008 | Markets
An overall very low volume day. Feels like everyone took a breather and a back seat trying to see where this was going. A complete loss of momentum is not what you want in the middle of what people considered a recovery. As usual, main stream media was very quick at...
by Charles | Mar 19, 2008 | Markets
Big day on the board. There was a fed announcement today and another rate cut. 75 basis points this time so the new rate is 2.25%. I didn’t read the entire policy but it seems like the decision was far from unanimous and that 2 member wanted even less the 75...
by Charles | Mar 15, 2008 | Markets
A lot of people (including me) were expecting a positive open but BSC negative news quickly put the fear back in the market and down it was. I always find entertaining how mainstream media goes from “we are finally bouncing of the bottom” to...
by Charles | Mar 14, 2008 | Markets
The futures were below fair value earlier this morning on worries about the economy and inflation on the day of the release of the new CPI number. The CPI remained to previous levels which eased concerns and the futures spiked up, putting us in good position for a...
by Charles | Mar 14, 2008 | Markets
I am again still not going to post everyday but when I post, I will now split my homework in two: pre and post-market. Pre-market is the morning prior to trading with overnight news and futures. Post-market is after the trading day, mainly charts and reviews. Again, I...
