Market Rewind

03.18.10 - Energy Weighs on the Market

Well, the Financials and Semi

The Gambler's Fallacy

03.17.10 - Day 14 Higher for SPY

The market is putting in a so

March FOMC Statement Markup Comparison

Blue-lined markup comparison of the March versus January FOMC statements below. Also see past Fed-Day reactions on this site, and prior statement markups here.

03.16.10 - Quiet Trade Ahead of FOMC

Internals are showing bullish

03.15.10 - Pullback to 5-dma

Today marks the beginning of

Comparison to July 2009

The mean-reverter in me is having flash backs to July of last summer.  The technical parallels are fairly significant.  In both cases, price tagged major support on the second leg of a "w" bottom, which then prompted sustained moves higher with only minor pauses along the way that flushed out shorts and refreshed the energy of the trade, as follows:

03.12.10 - Consolidation under VWAP

After an easy gap fill, inter