Finally, a substantial move to the upside! With the VIX hitting 30 yesterday, a lot of traders were looking for a reason to buy. Better than expected earnings by Wells Fargo, with an increase in dividend provided that reason. After hearing the news this morning, I just knew, as I’m sure many of you did…that […]
The chop just doesn’t stop. Another high volume, choppy day with lower lows in the S&P 500 and Dow. Only the NASDAQ closed higher. There was a lot of news in the market, namely, a huge plunge in oil prices and new warnings on inflation. This caused a tug of war in the market, which […]
The market looked like it was going to respond well to the recent Freddie Mac and Fannie Mae bailouts, but it soon sold off. I’m glad I took the first couple of hours off, because it kept me out of the fake out.
CEDC was the only stock from the Watchlist to trade above its entry […]
