Friday, May 20, 2011 A BULL IN THE HEADLIGHTS This past week’s market activity resembled the same theme as we’ve seen lately. An early sell-off followed by a recovery attempt, and then a close within a few points of the unchanged line. While it was a volatile ride again, the bulls appeared to be frozen and can’t seem to find …
05-13-2011
Friday, May 13, 2011 BEARISH FOOTPRINTS Mixed economic data throughout the week kept the markets bouncing around in a trading range with no clear direction. Compared to last Friday’s close, the S&P 500 ended down 2 points. Expectations for an expanding economy remain widespread, but a continued slowdown has become a distinct possibility, which would limit any upside growth and …
05-06-2011
Friday, May 6, 2011 WHACKING THE BULLS After last week’s strong rally, it was time for the bears to show some muscle and pull the major indexes back into reality territory. After 4 days of selling, euphoria about today’s better than expected jobs report pulled the market out of the doldrums via a sharp opening upside spike. I am not …