Friday was Day #2 of our most recent attempted rally. A tame CPI report helped boost stocks throughout much of the day. The hiccup of the day came starting after lunch where we say selling hit the markets. Many market pundits, including RevShark were calling for the demise of the morning rally. Intraday trading like this is dangerous and RevShark and other s were proven wrong. Stocks were able to gather steam and close on the highs of the day. Extremely bullish movement by the markets, but the caveat was volume. Volume declined crossed the board, lessening the impact of the bullish price action. Tuesday will market Day #4 of the attempted rally and where we’ll need to see confirmation of this new rally attempt. Crude Oil, Natural Gas, and now Agriculture and Grains are joining commodities that are continuing their recent ...

Article Source Since December 2007 is a commonly identified turning point [1], [2], I thought it would be of interest (given Jim's take on whether it matters if we're in a recession) to see what the indicators that the NBER BCDC focus on -- payroll employment, industrial production, real personal income less transfers, real manufacturing and trade sales, and to a lesser extent monthly real GDP -- are doing. They're declining... Figure 1: Log payroll employment (blue) and log industrial production (red), both normalized to 0 in 2007M12. Green shaded area is conjectured recession dates. Source: Federal Reserve Board via St. Louis Fed FRED II, accessed 8 June 2008. Figure 1: Log personal income less transfers in Ch.2000$ (blue) and log manufacturing and trade sales in Ch.2000$ (red), both normalized to 0 in 2007M12. Real personal income calculated by subtracting ...

Very busy day today! I am cutting all 3 solar positions today but with a caveat - all 3 are under a resistance level; if the stocks show enough strength to break above this resistance, I'll buy back. They have been mostly range bound (strangely) with energy prices ballooning but there is a lot of strength today as the speculators run from 1 sector to another in their rotation. Looks like today is solar's turn. Let me explain each one Yingli Green Energy (YGE) is in the $22.70s. If it breaks north of $23 (200 day moving average) than it's in far better technical condition and I'd buy back my stake I sold... right now it's still range bound but at the top end of the range Trina Solar (TSL) is in the $43.10s; it could still work all the ...