Courtesy of Phil over at Phil’s Stock World Whee, what fun! We got the S&P stick that kept us well and truly above 946 into the close.  If we hold it for a couple of days, we won’t be calling it a “stick save,” we’ll be saying this was the day that 946 turned from resistance to support – a good chatist needs to travel...

Henry Blodget of Business Insider Ben Bernanke puffed out his inflation-fighting chest in the form of an editorial in the Wall Street Journal. Bernanke said he expects the weak economy will cause the Fed to keep its foot on the monetary gas for “an extended period.”  When the time comes, however, he says he’ll use all the following...

Courtesy of Mish. Some numbers are so large they simply become incomprehensible. Remember when costs of the bailout were projected to be $0.5 Trillion, then $1 Trillion, then $3 Trillion. Now, Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program says U.S. Rescue May Reach $23.7 Trillion. U.S. taxpayers may be...

John Carney of Business Insider The answer is: probably! Oh, come on. That’s a hugely positive endorsement coming from us. Everything about the near-death experience of CIT Group was as sign of the health of the market. The first sign of health was that the government is confident enough in the markets that it declined to provide rescue funds....

Hat Tip Ilene at Phil’s Stock World Courtesy of Karl Denninger Ex-freaking-scuse me? Barofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion. The government has committed significantly...

The September NASDAQ 100 closed higher on Monday and above the 50% retracement level of last summer’s decline crossing at 1522.75 as it extends this month’s rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible...

Hello everyone, this is Dan Gramza and welcome to Gramza Market Studies Technical Tip. Well today we’re going to be talking about selling rallies. Now what does it mean when people say, “sell the rally” when you want to get into a trade? Or they sell a pull back? Or you hear things like, “The Trend Is Your Friend?” Well...

Greetings, Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors to some of their most popular paid services to non-subscribers for one week only.  Having an independent forecasting and opportunity-spotting service on your side is more important now than...

Joe Weisenthal of Business Insider Here’s a crazy stat for you. The total amount of US backstops and bailouts has reached a staggering $23.7 trillion! How do we know? Because TARP watchdog Neil Barofsky is going to say so in his fresh report, and that report was leaked to many top media outlets, like WaPo and Dow Jones. If it’s available...

Courtesy of Tyler at Zero Hedge The broader market now tracks every (inverted) move in the DXY. Bernanke has achieved his quest – the rest of the world (and America itself) perceiving the US and its market as a commodity. Is anyone stupid enough to be hiring fundamental analysts these days? 4 FREE Market Video’s Here

Bess Levin of DealBreaker Larry Summers provided a “progress report” on how things have been going with the economy on Friday at the Peterson Institute for International Economics. We didn’t see the thing live and have yet to watch a clip, so it’s unclear if the following was delivered with one of Big Lar’s trademark curls...

Courtesy of Adam Lass Taipan Publishing GM now has 219 new CEOs to tell it how to run its business. Good luck making decisions now, boys. This is how they roll in Washington and Detroit. Over the past few months we’ve read endless arguments as to the wisdom, morality and necessity of allowing two out of our three major auto manufactures to go bankrupt. In...

Courtesy of David at The Oxen Group The Oxen Group is hoping this week can be more like last week’s powerful upward movement based on great earnings and economic data. For the financials, especially ones connected to investment banking, we believe more of the same type of earnings could be coming through this week. Monday the prospects of this...

In today’s video we’ll be looking at Gold. One of the nice features about MarketClub is the fact that we have real-time gold prices. If you’re going to be trading or looking at gold (XAUUSDO) you need real-time prices. After a spectacular run-up in gold values in the last decade, gold prices have slowed down and have entered into a broad trading...