Market Talk / Sept. 21 - 27

[Spaf]

Market Talk
Sunday Edition
September 21, 2008​

General Commentary:
The market fundamentals of the economy were in dire distress from the mortgage related debt crisis. The federal government intervened to bail out the critical financial institutions. Giving financial liquidity to the economy showed to be a catalist creating the largest market swings all year.

The S&P started the week at 1251.70 and ended the week at 1255.08, a mere +3.38 points. However, during the week the S&P moved some 235.60 points in whiplash volatility. The S&P lost 116.21 points in distress only to gain back 119.59 points as the bailout initiated a strong reversal.

A look at the chart(s)
The S&P500 [$SPX] Daily
Large Caps

Charts courtesy of www.StockCharts.com​

The 50d E-moving average was being challanged by recent advances.

The P-SAR was bearish, but has sense changed to bullish.

The S-STO continues it's rise from oversold areas.

Volume has been quite strong the past 5 days, selling and buying.

The MACD has turned into a positive upswing.

Well, that's it for the weekend!​

Be careful out there!​

 

[clester]

Vix back up to almost 35 again. What a wild ride. How long can we stay above 30?

 

[tsptalk]

Futures pop up on...

Buffett Makes Big Bet on Goldman...

"Warren Buffett's Berkshire Hathaway reached a deal to invest up to $10 billion in Goldman Sachs, the New York financial-services firm that just days ago adopted a plan to switch from an investment bank to a bank holding company...."

 

[Show-me]

David Walker on CNBC!

 

[Show-me]

Just a reminder.

 

[Spaf]

Nothing else for this week, see ya next!​

Spaf​

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