After drifting sideways since mid-morning, the market saw a notable afternoon rally that has taken the major averages well off their lows (Dow has gained ~250 pts in the past hour). The timing of the rally coincides with two key events that happened around the same time this afternoon: 1) positive comments from BLK about the Bear Stearn's mortgage portfolio; and 2) Details of an FHFA/GSE plan to accelerate anti-foreclosure efforts by FNM and FRE... Specifically, BLK's Vice Chairman said the… Continue

Stocks tumble at the open, with disappointing guidance from a major retailer weighing on sentiment.



Best Buy (BBY 21.37, -2.51) said that the changes in consumer behavior since mid-September have created the most difficult climate the retailer has ever seen. As a result, the company slashed its fiscal year 2009 (ends in February) earnings per share guidance to between $2.30 and $2.90 from its previous forecast of $3.25 to $3.40. This falls well below the consensus estimate of $3.02… Continue

These past few weeks its been rough for me. Had to steeled my eyes to stay awake during night tradings and when market opens, the eyes begin to spin when the prices starts moving, your heart became like stale tahu, 'call or put', 'BTO or STC', bull or bear, what about yur ADX, clouds, had yu done yur charting ..... too much info until your brains felt like a plate of mee goreng, all tangled up !!!! Maybe a glass of teh tarek to calm the nerves before trading should do the trick. I'll let yu… Continue

U.S Economical Annoucements & Major Annoucements :

Feb 04 08:15 ADP Employment Change (Big Mover !)
Feb 04 10:00 ISM Services
Feb 04 10:30 Crude Inventories

Be on the look out !