may12 – Page 3 – Technical Analysis of Stock Trends

Job report hammers market…or not?

Post author:WHC Bassetti
Post published:May 4, 2012
Post category:Letters
Post comments:0 Comments

First of all let's get it straight. The job report didn't hammer the market today. Big traders who have been harvesting the market saw the opportunity and hammered the market. …

Who’s in charge here… and who’s on first…

Post author:WHC Bassetti
Post published:May 2, 2012
Post category:Letters
Post comments:0 Comments

Just to remind you who's in charge look at yesterday's action. 19.59 point range in the SPX, with long tails (or "shadows"). These are the fingerprints -- or pawprints --…

Noted technical analyst WHC Bassetti has over 40 years’ experience in the financial markets and is Malcom S.M. Watts III Adjunct Professor of Finance and Economics at Golden Gate University. He is editor of the Tenth Edition of Technical Analysis of Stock Trends, widely considered to be one of the true classics of market analysis.

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Job report hammers market…or not?

Who’s in charge here… and who’s on first…