1.30.09
GDP comes in better than expected. -3.8 versus -5.5 expected. It’s been a while for a positive miss. Inventories build. Consumption was as expected at -3.5% while the cost  index was better than expected. After this we get Chicago PM and U of Michigan consumer confidence at 10.
Overnight, more flight from fear buying in Gold [...]

1.28.09
The main event of the week is upon us: the FOMC meeting. As interest rates are basically zero, there’s not that much pre meeting angst. Of course, it’s the communiqué which will tell all. The early bump in stocks is due to the idea of the aggregator bank or “bad bank” which would be created [...]

The Trend Trader helps to identify the current trend status of your favorite markets. Each contract in the table is represented by a directional tendency for both the Minor and Major trends.  Two up arrows identify a Bullish Trend – two down arrows a Bearish Trend – one of each a Neutral Trend. The Trend [...]

January 27th, 2009
See DeCarley Trading in the March Issue of SFO Magazine…”Trade Like a Girl”
Stocks rally ahead of FOMC
A handful of positive earnings kept the market afloat on Tuesday.  Some of those positing quarterly profits were U.S. Steel, American Express, Netflix, Inc. and Texas Instruments Inc.  In oversold market conditions, it can sometimes take [...]

Day Trading: Risk Averse need not Apply
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1.26.09
Exisiting home sales and Leading Economic Indicators both out at 10. The consensus expectation is that the US economy will have contracted at near record levels. Barclay’s says that it does not need a fresh capital infusion and this is an equity market positive. Currencies are positive this morning trading towards the expected negative LEI [...]

1.09.09
Unemployment upticks to 7.2% but the jobs lost number wasn’t as bad as feared at 524K. Some had thought this number would be breaking 700K, There was an  upward revision to the previous month so the relief rally that could ensue might feel a little hollow.
There are many markets with potential reversal days (see below) [...]

Top Day Recommendations
11.24.08
Eleventh hour 306 billion dollar rescue package for Citigroup as well as a $20 billion dollar cash injection from the Treasury on top of the $25 billion they received last month has pushed stocks higher overnight. This is a complex deal but probably preferable to breaking up the company. The immediate response to [...]

The Trend Trader helps to identify the current trend status of your favorite markets. Each contract in the table is represented by a directional tendency for both the Minor and Major trends.  Two up arrows identify a Bullish Trend – two down arrows a Bearish Trend – one of each a Neutral Trend. The Trend [...]

November 19th, 2008
See me in the latest issue of “Technical Analyst”, Trading Volatility with the VIX
Lack of buyers sends indices to recent lows.
There weren’t any surprises in Wednesday’s session.  Instead it was more of the same…doom and gloom.  What we were all hoping for a year ago (lower inflation) has now become the perceived [...]