Feb

13

Daily Market Wrap

February 13, 2007 | Leave a Comment

Today was a solid but by no means overwhelming day for the general market. I would caution investors that the Dow and S&P gains are a bit inflated by the huge move in Alcoa today, so the general sentiment was only mildly bullish even though the Dow and S&P shot up more than 0.7 percent. I don’t think we are out of the range bound syndrome quite yet.

As for my portfolio, another great day. OPBL just continues to incredible strength. […]

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Feb

7

Daily Market Wrap

February 7, 2007 | Leave a Comment

Last Monday, I wrote about my view that the market was likely range bound over the near term. The last two days worth of trading have served to mostly confirm this sentiment, as trading has been generally rather slow. Although the indices are drifting higher, there is no real conviction behind the market right now. Eventually something will have to give one way or the other, and that will probably be determined by interest rates. For now, however, stocks look […]

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Jan

31

Daily Market Wrap

January 31, 2007 | Leave a Comment

I’m glad to get the Fed out of the way here. No surprises again, but people were on hold so far this week in anticipation of the Fed meeting. With the Fed out of the way, now we can finally decide where this market is going. My impression is that its going moderately higher, but trading is going to be tied to labor market data going forward.

I want to touch briefly on the uranium market here. We’ve had 5 straight […]

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