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admin wrote a new blog post: Some Sand in the Gears of Securitizing – Who My Owns by Mortgage? 1 year, 4 months ago · View
Some more gory details of the mortgage mess. Looks like a distinct possibility that the mortgage securitization might not hold legal muster. This opens the door of home owners to be able to sell their homes before having to pay the mortgage holder! Explosive stuff. A must read article.
The problems with MERS began to come [...]
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admin wrote a new blog post: A Primer On The Foreclosure Crisis – CNBC 1 year, 4 months ago · View
Informative piece about Foreclosure Freezes at major banks across US. In short, the Banks are in some cases unable to provide proof that they own the mortgages. Due the multiple resales, and mortgage securitization, the paperwork transferring the ownership of mortgages did not make it through from the sellers of mortgage loans to the buyers. [...]
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admin wrote a new blog post: Global Currency-Trade Battles Prompt Fears of New Depression – CNBC 1 year, 4 months ago · View
This is a scary thought. I hope saner minds prevail, and the world leaders do better than our political leaders who cannot think beyond whether they get to save their ‘seat’ in the Congress. It is time that politicians showed some statesmanship,, both, locally as well as world leaders.
World leaders must defuse currency tensions before they worsen [...]
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Futures have been positive all morning following gains across most foreign markets. After the beating last week with nearly five percent loses, we could see a relief rally. Whether the relief rally amounts anything meaningful we will find out by the end of the week.
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admin wrote a new blog post: Economy Watch – June unemployment rate drops to 9.5 percent but 125,000 jobs lost 1 year, 7 months ago · View
The Jobs Report came out better than expected. The market was bracing for losses in private sector jobs. However, the private sector added 83,000 jobs. In addition, the unemployment rate dropped to 9.5 percent from 9.7 percent. This is the best economic news that we have seen for over couple weeks. Futures are slightly lower. On this better than expected [...]
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admin wrote a new blog post: Stock Market and Investing: S&Ps Negative 200-Day May Be Positive for Stocks – CNBC 1 year, 7 months ago · View
We are now below the key 1040 support level on S&P 500 on a closing basis. Additionally, S&P 500′s 200 day moving average turned negative. It is takes a lot of sustained selling to turn a 200 day moving average to turn down. Not good a news for the bulls. Weekly Jobless claims increased for last week [...]
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After a big down day like yesterday, it is normal to see a relief rally. Futures started modestly higher, but are mildly negative after ADP Private sector jobs came in weaker than expected.
Still watching to see if we break through and close below 1040 on S&P.
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Drop in consumer June confidence drives the Indexes to huge losses. S&P 500 threatening to break to new lows below 1040. Could this be the capitulation day?
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admin wrote a new blog post: S&P 500 Testing Flash Crash Lows 1 year, 7 months ago · View
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admin wrote a new blog post: Could See Friday’s Lows Challenged 1 year, 7 months ago · View
Futures are negative across the board as fears continue about the economic recovery. We could see Fridays lows challenged today. Continuing to watch PL, GDI, SLH, and TCB. PL and SLH were up nicely yesterday on above average volume. GDI and TCB were down but on lower volume. GDI is being added to S&P 500 [...]
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admin wrote a new blog post: On New iPhone, a Mystery of Dropped Calls 1 year, 7 months ago · View
As an iPhone owner for over three years, I can attest to the fact that it is not the best phone there is. Apple has done many things right with the iPhone, but the main application is the phone as the name suggests. And it sucks as a phone. Looks like they have not done much [...]
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Futures mildly bullish, after closing nearly flat on Friday. Last week we saw some negative economic news, and broke support. Let us see where we close by end of this week.
Four stocks that have potential to go up between 10 and 20 percent — PL, GDI, SLH, and TCB. Bullish action on Thursday and Friday that defied the overall market direction. These are small cap stocks with decent volume.
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admin wrote a new blog post: Economy: US First Quarter Growth Revised Down to 2.7% – CNBC 1 year, 8 months ago · View
Revised GDP growth for Quarter 1 is 2.7 percent. While not as hot as what was expected, it is still a healthy growth by historical standards. The one naggingly stubborn statistic that is worrying the market is unemployment level — over 9.7 for the entire 2010. Read the full news item at CNBC.
U.S. economic growth [...]
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admin wrote a new blog post: Watch S&P for Crash Warning Pattern: Charts – CNBC 1 year, 8 months ago · View
Below link points to a aechnical analysis of the current market an CNBC Analyst. As we mentioned before, support in the 1040 area is strong, but if it is broken we could go a lot lower. This article and video highlight this as well. Check out the video to learn what professional are looking at.
The S&P closed [...]
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This week underscores the fact that there are no gaurantees in stock trading. Till Tuesday, we were expecting S&P 500 to go all way to 1165-1175. The KEYWORD is EXPECTING. We stcok traders constantly deal with uncertainities, and have to make provision for the unexpected, indeed sometimes, the unexpectable, too.
Btw, the markets are down today with S&P 500 testing the 1080 support level.
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Futures under pressure today again. Yesterday was a very volatile day ending slightly lower on S&P 500, while DOW closed up just 4 points. We broke through support at 1105-1100 range on S&P 500. We need to regain that level for us to become bullish again. Right now it is wait and see, with a slight negative bias.
Economic news has been bad, but market reaction has not been as bad. This is the only silverlining for the bulls.
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admin wrote a new blog post: S&P 500 Holding Support; Russell Divergence 1 year, 8 months ago · View
S&P 500 successfully tested the neck-line of the double bottom. Million dollar question is, will it hold today? Support and resistance levels are important because once they are breached, they change polarity. What was support becomes resistance, and vice-versa. Having broken through the 1105 resistance level on S&P 500, the 1105 level became support. Yesterday, and today, we [...] -
admin wrote a new blog post: Bulls Reclaim Long-Term Support (by Drew) 1 year, 8 months ago · View
Another good article that makes the case for short-term bullish. As regular readers might have noted, our current view is short-term bullish. Near term resistance on S&P 500 is in the 1165-1175 area.
“The force of the last week’s bullish swing was enough to reverse bearish momentum trends on the S&P 500 and the Dow Jones [...]
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admin wrote a new blog post: Health Care—Obama Revealing Health Law Details, Warns Insurers – CNBC 1 year, 8 months ago · View
Wonder how this will impact businesses and consumers. As is so often the case, the devil is in the implementation. Hopefully, the implementation does not mask the good things that the law promised — to lower the total healthcare costs across the board. Quoted from CNBC news article below:
The law’s consumer safeguards, called the patients’ bill [...]
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Futures almost at breakeven continuing the improving trend from couple of hours ago. Let us see if this continues in the regular session.
In reply to - Jawahar Buddhavarapu posted an update: After being up over one percent most of the day we closed down slightly. While this is not what you want to see, this is just one down day after several days where the markets closed higher. Going forward trading should be driven by earnings annoucements, and more important expectations for [...] · View - Load More
