Bulls Still in Control 01-27-2012
Cusick's Corner This has been one of those weeks where you feel like you did a lot but the market has not. The S&Ps continue to hold and the bid continues to buy dips -- the bulls are still in... Read More...
Data Not as Strong as Expected but Bid Stays 01-27-2012
Cusick's Corner The market is whippy -- data, GDP prelim came in worse than expected and as I type this, the expected Fitch downgrades of EU debt are crossing the headlines. While this is a little disconcerting, the bid continues... Read More...
Bid Pops Back In 01-26-2012
Cusick's Corner Nice recovery into the close and the bid did again come in, getting the market off the lows of the day. The S&Ps closed right at the 1315 level, so I am feeling better about the prospects of... Read More...
VIX Edges Up 01-26-2012
Cusick's Corner 01-26-2012 The buyers have been picking up these dips over the past few weeks and with the Midday pullback, S&Ps at 1317, I would like to see that action continue. I will be monitoring Dollar strength and Euro... Read More...
Offense Kicks In 01-25-2012
Cusick's Corner 01-25-2012 Offense is definitely on the field with all the offensive sectors, XLF, XLI, XLE, outperforming the broad market, SPY, and the Fed statement was what we expected -- tight and nothing new. I mention 1225 as the... Read More...
Apple Juices Up 01-25-2012
Cusick's Corner 01-25-2012 After Apple's (AAPL) blowout earnings yesterday afternoon, I didn't like the lack of any sustained move to the upside. Now we could say that we were waiting for the Fed, with resistance staying at 1315 on the... Read More...
Apple Rolls 01-24-2012
Cusick's Corner 01-24-2012 I want to apologize for not getting the Midday out on time -- it was posted to the blog. Right now we are watching the market's reaction to AAPL, a huge beat on earnings, the NASDAQ jumped... Read More...
Market Rests 01-24-2012
Cusick's Corner 01-24-2012 The market continues to grind in a tight, consolidating range which is understandable after a huge move up, S&Ps up over 4.5% in Jan, so taking a rest makes sense. There is also a mixed bag of... Read More...
Bulls Holding 01-23-2012
Cusick's Corner 01-23-2012 The choppy trade continued and the bid did firm into the close. The market had leadership from Tech, XLK/QQQ while the Financials, XLF, were the buoys. We did see Energies, XLE, and Commodities, JJG, pick up as... Read More...
Using Options as Insurance 01-23-2012
Cusick's Corner 01-23-3012 Picking a top is going to be tough but there is short-term resistance building at this stage of the market advance, 1313.50 on the S&Ps. Bias in the market is going to be hard to shift, and... Read More...
