Stocks failed to hold onto early gains when just after 1:30pmEST the Associated Press released a breaking news statement that Obama had sealed the Democratic Nomination. It was clear as day that traders were given a clear signal that Obama is not their guy. The move was solely on the news that Obama had the Democratic Nomination all wrapped up. Traders are not likely to be keen on his idea about raising the capital gains tax and raising taxes. What could have been a decent day turned into a very ugly distribution day. Get ready for your taxes to be hiked and the economy to be over burdened with taxes and regulation. This market remains in a correction, it doesn’t appear from the prior two days we’ll gain further traction. However, we did see the Put/Call jump over 1.14 and jump over 20 a sign ...

Stocks stumbled from the start as Crude Oil prices pushed back towards $130 a barrel. However, it wasn’t until rumors start to swirl about Standard and Poors possible downgrade of a few large Wall Street Banks that had the downside picked up. First thing that came to mind was, aren’t they a wee bit late? Where were they in July 2007? At any rate, volume didn’t follow suit. It was lower for the entire trading session. Not typically the type of action you would normally see in a bull market but it wasn’t all that bad for the market. As long as you are in the right stocks and look to cut your losses fast you are positioned quite well. Oil and Gas continue to be the leaders of this market. They are seeing an unprecedented move, even thinly traded stocks like CRED and GIFI are seeing buying action. It would ...

I know we have a lot of readers who subscribe only by email and hence do not come to the website itself, but just as an fyi sometimes we run polls and/or there are comments made by readers that you are missing out on ;) Anyhow in this week's poll we asked 'What is Your Long term View on Commodities?' With 97 respondents 16% responded that this is just the latest in a series of bubbles 84% responded that in 5 years we are going to wish we could buy at these prices Now, I assume there is sampling error because I fall more in the latter camp so most blog readers who were less biased probably are leaning to the latter answer after reading the blog or as most humans do, prefer to read sources that agree with their own viewpoints - hence we attract more people who already came to the blog with ...