What happened today?   I looked at my portfolio around lunch-time, saw that it was up nicely, so I sat back in my chair, let off a quiet “Oh yeah” and then went on with my work thinking the gains were plentiful enough to finish the day in the green.   When I returned from my afternoon [...]

 
Cracks in U.S. equity markets
Technical action by S&P 500 stocks turned mixed on the charts this morning despite better than expected fiscal third quarter earnings reports. Many reporting companies including Apple, Inc (NASDAQ AAPL) – $200.36, Caterpillar Inc. (NYSE:CAT) – $60.04 opened higher on better than expected quarterly earnings, but quickly came under profit taking [...]

October 2nd 2009
Intel Corp. (NASDAQ:INTC $19.18)
News event: Upgraded to Outperform by Oppenheimer
Technical comment: Intel’s intermediate technical profile recently has turned negative. Intermediate trend changed from up to down yesterday when the stock broke below support at $19.22. The stock also broke below its 50 day moving average earlier this week. Strength relative to the S&P [...]

Tim Hortons, Inc (TSE: THI: $31.55 Cdn.)
News event: FP Trading Desk headline reads, “Tim Hortons considered undervalued”
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/09/18/tim-hortons-considered-undervalued.aspx
Technical comment: At best, Tim Hortons currently has a neutral chart. Trading range since last November has been between $28.00 and $35.23. The stock trades above its 50 and 200 day moving averages. However, its strength relative to the [...]

Pre-opening Comments for Wednesday September 16th
U.S. equity index futures are higher again this morning. S&P 500 futures were up 4 points in pre-opening trade. Futures are responding to continuing weakness in the U.S. Dollar. Weakness in the U.S. Dollar has prompted the Canadian Dollar to test a key resistance level at 93.95. The Canadian Dollar [...]