After a big event, like a basketball game or a concert, there’s always a flood of people rushing out to the parking lots.  Sometimes there’s a quicker, backdoor way to get out, but if you’re too far downstream it’s pretty much impossible for you to get there.  Even though you know it’s better, it [...]

The market opened higher, continuing the surge from yesterday, but tuckered out early on and went downhill from there.  As expected, the gap up to 110 wasn’t filled and I would be surprised if it did fill anytime in the near future.  Expect the volatility to continue, aka trader heaven, and while we’ll have [...]

We knew a bounce was coming, but who would have guessed it would be this much in one day?  It’s hard to gauge the volume since today was a holiday, but don’t expect this to be anything more than a dead cat bounce.  Be patient and there will be lots of short opportunities arising [...]

Looking at the volume and magnitude during the drop this past week on the weekly chart shows how bad it’s been.  The low on the SPY in 2002 was close to 70, so that is the biggest thing to watch in the immediate future.  The 10 year support level will be slightly different on [...]

The crash continued, sending the S&P 500 down to almost 900.  The low in 2002 was 768, so that would be a major support level to watch in the coming months.  This drop should be exciting to everyone since opportunities will start sprouting up more and more.  The faster things drop, the sooner we’ll [...]

Another wild day of ups and downs that ended in the red again.  The fed tried as hard as it could by giving an out of cycle half point rate cut down to 1.5 percent, but the weakness in the market was too much to overcome.  The new rate cut gave gold another boost, [...]

In down markets I’ll often say to wait for the market trend to reverse before entering any new long positions.  I can’t say enough that you shouldn’t try to catch a falling knife, and patience in crashing markets is the key to your financial survival.  I’ve talked about looking for trends and reversals before, so [...]

After briefly pausing at the end of yesterday and the beginning of today, the plummet continued on strong sending the market to new lows.  At this rate, the market will hit the bottom well before the end of the year.  More likely though, we’ll have some bounces here and there and the pain will [...]

STP is a decent one, but I really just mean to look at all solar stocks, e.g. FSLR, SOL, etc.  These guys were super hot last year and most have burned off well over 50% from their peak so far.  Alternative energy is still a sector with a bright future though, so look for [...]

Thought last Friday was the oversold point?  Here’s another example of why you shouldn’t try to buy in to a falling market.  I’m always tempted to buy in after a large drop, but after a few expensive lessons I’ve learned to restrain myself.  If we keep experiencing drops like today though, we’ll hit the [...]