InvesCafe

Citi, Uptick and Mark-To-Market

By | Daily Report, Market Psychology, Technical Analysis, US Market | No Comments

So we had it finally. The pressurized spring bounced back and shorts were pressed against the wall to cover. Fantastic rally by all means, it was easily qualified as a 90% Upside Day on both the NYSE and the NASDAQ that too on expanding volume. Market breadth was also much more impressive during yesterday’s rally. I had never thought (Probably Vikram Pandit as well) that his letter to Citi (C) employee can spark such a…

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Panic Before Everyone Else Does

By | Market Psychology, Technical Analysis | One Comment

I have tried my best to warn OP readers of the upcoming storm, over and over again starting from November 2007. Fun fact, this is what I wrote then- But hey, if you do get a bearish market, then don’t forget to mention that you were told first hand here at OptionPundit. We are close to disastrous situation, Yesterday markets closed almost in the range that I highlighted in Nov 18 post. Net, here we…

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Futures are Pointing Higer Opening

By | Daily Report, US Market | No Comments

There are a lot of positive news in the market, for a change. Some of the companies have announced good results. FDIC starting a “bad bank” concept and FOMC meeting announcement at 2:15pm. There is nothing much fed is left with from the interest rates perspective, but Uncle Ben may have some more tricks. Y’day volume was thin, and internals were ok. I would consider action so far as bouncing from the oversold region. But…

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JP Morgan Chase beats by $0.07, misses on revs

By | Market Psychology, Technical Analysis, US Market | No Comments

JP Morgan Chase (JPM) Reported Q4 (Dec) earnings of $0.07 per share, $0.07 better than the First Call consensus of ($0.00); revenues fell 0.9% year/year to $17.23 bln vs the $18.83 bln consensus. Losses were in investment banking due mark downs on leveraged loans and mortgage trading positions. They faced higher credit costs associated with continued deterioration across our loan portfolios, including a $4.1 billion addition to loan loss reserves. Let’s see how it filters to…

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Are you Prepared for the Next Leg

By | Market Psychology, US Market, Worldwide Markets | No Comments

I don’t think 8,000 is far for Dow! Yes, that’s a grim forecast but not something unrealistic. I shall be publishing rationale for this via a special report. You may follow my thoughts at InvesCafe, a micro blogging investment portal something like twitter but focused towards investing and finance. An almost 400points u-turn in the last few hours, what was that? short covering, maybe. But I guess the hopes and dreams are running high in…

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