Join        Login             Stock Quote

Daily State Of The Markets - It's Deja Vu All Over Again (Again)

 April 18, 2012 09:29 AM

Good Morning. "Buy! No, Sell! No wait, did I say sell? I meant Buy! Yea, that's right, Buy! Unless... Well... Ok... No, let's Buy.... Yea, that's my final answer! But wait... Maybe I should..."

While it sound's idiotic, this is the type of indecision that appears to have overwhelmed traders (oops, I mean the computers) of late. One minute Europe's woes are back, contagion is spreading, the global banking industry is toast, China is going to bring down the world, and Apple (AAPL) is crashing. But the next - Wheee! - It's all good, buy em!

Although the bulls certainly won the round on Tuesday as the S&P 500 and DJIA appeared to break above their respective short-term high-water marks as well some of the moving averages that everyone on TV loves to yammer on about, I'm going to opine that the consolidation phase that began in the last month or so, remains intact. Sure, the bright green numbers were pleasant to see for anyone owning equities yesterday (my UPRO's did bring a smile to my face). And as expected, AAPL bounced back with a vengeance, erasing the prior day's entire shellacking with a pop of +5.1%. But seriously, how long can we expect a move to last in this market that has no memory? One day? Two?

The bottom line is that the uncertain market environment may continue given that it is earnings season once again and an options expiration week to boot. For example, no sooner had the NYSE's closing bell sounded Tuesday than first Intel (INTC) then IBM (IBM) missed earnings.

Next Page >>12
iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageADP: Private-Sector Payrolls Rise 213k In September

Private-sector employment continued to rise at a moderate pace in September, according to this morning’s read on...

article imageSuspicions Over ADP Employment Make-up

he private payroll processor noted that the sixth continuous payroll gain above 200,000 was a “positive read on...

article imageLessons From the Golden Bear

How attractive is gold when it comes to investing over the long read on...

article imagePondering The Slide In US Inflation Expectations

The Treasury market’s inflation forecast via 10-year Notes continues to fall and the US stock market has read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Lessons From the Golden Bear

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.