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Category Archives: BLK


A Waiting Game: SPX, Nasdaq, JPM, GS, BAC, C, PRU, WFC, PRU, BLK, MA, GE, IMCL, MOS

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The market was very volatile today, but, for the most part, range-bound.  Investors/traders seemed to be nervous, and yet slightly more optimistic, ahead of the Senate’s voting on the modified economic rescue plan.  Financials ended mostly higher:  GS +5.08%; BAC +8.94%; JPM +6.27%; C +12.14%.  But, […]

Market Keeps Gains On Another Volatile Day: SPX, Nasdaq, GS, BAC, PRU, PNC, BLK, FNM, FRE, CME, ICE

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The market started with a huge gap-up open and charged higher, as investors cheered the government bailout of FNM and FRE.  But, quickly after the first 15-minutes of trading, things started to lose momentum.  The commodities were still very weak.  Coals, metals and fertilizers all went even lower today.  Techs also […]

Market U-turns Back Onto Recovery: SPX, Nasdaq, BAC, MA, V, PNC, BLK, ALXN, X, BIDU, QCOM

The market did a total U-turn today from yesterday’s close and gain back more than it lost yesterday! This weekend, in my Market Forecast, I said,
“For the new week, the market should continue to look for confidence in the financials. We need to see the financials continue with their recovery process. Oils and the […]