The markets continue to drop, and the more they drop, the more bullish I am feeling. Worden's T2108 indicator which tracks stocks trading above their 40 day sma is currently at 1.97. This means that only 1.97% of stocks are trading ... Go to Full Article

The bulls are giving it another shot this morning. I think that breaking yesterday’s highs will be key for them. That would make the first higher high on a daily basis in10 sessions on the QQQQ & Nasdaq. On Today’s Calendar: ... Go to Full Article

I was just asked to take a look at another Worden indicator, T2116 — Percentage of stocks trading 2 channels below their 40-day moving average:. What with all the sentiment, breadth, volatility measures out of whack and seemingly in ... Go to Full Article

The PPT’s global rate cuts sent the futures flying this morning but they’ve since given up all of their gains. Can anybody say “pushing oin a string”? On the bright side, perhaps we’ll finally see some tru capitulation. ... Go to Full Article

Today seemed strange to me. I guess the pre-market skittishness over what the Fed was or was not going to do should have been a clue. It felt like more of aa buyers’ strike than a bear rampage. Although the indices closed on their lows ... Go to Full Article

Although the market spent most of the day searching for stability, the sellers swamped the tape in the final hour pushing us to new multi-year lows. With these losses, we've moved far away from just a mere correction or nasty bear ... Go to Full Article

Good morning. As markets around the world attempt to stabilize, premarket futures indicate we'll see some buying interest return at the open. Premarket futures currently indicate a +1% to +2% gain at the start of trading. ... Go to Full Article

We all knew there would eventually come a day when even emergency rate cuts by the Fed wouldn't help the market. Today was that day. We're now down six days in a row and tomorrow is October 9th, which has historically been a key day for ... Go to Full Article

"What’s happening is people are crawling into a bunker and pulling an iron sheet over their heads because they think the sky is falling." - William Ackman. No end in sight. So, will coordinated rate cuts do the trick? ... Go to Full Article

Good morning. With markets around the world falling precipitously and investors clamoring for rate cuts, this morning the Bank of Canada, the Bank of England, the European Central Bank, Sveriges Riksbank, Swiss National Bank, ... Go to Full Article

While Bernanke and the plunge protection team fiddle, the bears burn down Wall Street and waste no time taking prisoners. Fear leads to panic and panic leads to selling and we're seeing that shock and awe on a daily basis. ... Go to Full Article

Just got word that Tony Oz is thinking along the same lines and believes the market is near a significant bottom here. He bought a bit over $500,000 worth of SPY today and will buy more if the market declines again. His reasoning includes the market having seen capitulation, pessimistic sentiment...

We have experienced a market crash. It did not occur in one day, as in 1987. Instead, it took a few weeks. We would call it a slow-motion crash, but it seemed to happen quickly and relentlessly. Analysis is needed. The Proffered Reasons ... Go to Full Article

Catching up on a few items from overnight and the last day or so:. NYSE Euronext launches pan-european MTF with support from EuroCCP (NYSEEuronext.com) -- Here's one for your European desks: NYSE Euronext...today announced it has ... Go to Full Article

What an inauspicious anniversary. It is a year since the Dow closed at its all time high - it is now trading down about 35% from that level. While I don’t think we are going to go straight up if things do stabilize, there is enough shrill panic out there to make me think that Go to Full...