Author Archives: Jason Kelly

It’s a good thing email inboxes can’t make noise. If they could, mine would be screaming so loudly that nearby companies would complain. “Where’s the darned rally?” would be the most commonly yelled question. “I thought markets were supposed to take a break after going in one direction for so long,” wrote one subscriber. “Don’t […]

Alas, the key support levels watched as a possible market bottom failed yesterday. They were: 850 S&P; 500 480 S&P; Midcap 400 450 Russell 2000 The three closed yesterday at: 807 S&P; 500 (5.1% below previous “bottom”) 452 S&P; Midcap 400 (5.8% below previous “bottom”) 412 Russell 2000 (8.4% below previous “bottom”) The news gets […]

Gee, seems like just last Thursday I was writing about the market being back at bottom. Oh, that’s right. It was. Well, we’re back there again. I wrote to subscribers last Friday: The S&P; 500 bounced solidly off the 850-ish level twice, the first time from Oct. 27’s close at 849 and the second time […]

This is the big week for deciding whether to bail out American auto companies. The media’s point-counterpoint delivery has oversimplified the discussion into these two camps: Chrysler, Ford, and General Motors are too big to fail because their collapse would leave millions of Americans unemployed. Bailing the companies out with taxpayer dollars will be cheaper […]

We’re right back down at another make-or-break moment. They come frequently these days. Will the bottom hold or is another waterfall crash dead ahead? The Nasdaq already failed its Oct. 10 and Oct. 27 lows and is officially in new, cheaper territory. The S&P; 500 is a whisper away from that ignominy. Same with the […]