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Actively trading the markets is extremely stressful and oftentimes, traders–even those with years of experience–make irrational decisions as a result of this stress. Wall Street Rock Stars are on the top of their game though, banking mad profits every day. On WallStreetRockStar.com you will find REAL information and real trading ideas for and from REAL Wall Street Rock Stars. - Mark Whistler

The Ugly Shmugly Housing Market

By neildefalco on 1/28/2008 7:40 PM

Wall Street started out slow on Monday and shifted into fifth gear as expectations of another Fed Cut became more of a reality. The up-turn occurred only minutes after the report on home sales came out during early morning trading. Purchases of new homes plummeted to a one year low in December and new home prices took a 10% dip from a year earlier.

This turns out to be the largest 12 month price decline since 1970. This news raised expectations that the Federal Reserve will cut interest rates yet again on Wednesday and the prospect of lower interest rates lifted financial and homebuilder stocks.< ... Read More »

Neil DeFalco

Important Week for the Market

By MattMcCall on 1/28/2008 5:36 PM

THE FINAL NUMBERS

NEWS: A late session rally helped push the major US indices to the highs of the day. The Dow closed higher by 176 points or 1.5%. The S&P 500 tacked on 23 points or 1.8% and the NASDAQ lagged with a gain of 23 points or 1.0%.

THE BOTTOMLINE: When I went to bed last night the Asian markets were down big, when I awoke this morning they were down even more and Europe joined the selling. It appeared the US market was in danger of following the trend in Asia, but as the morning went along, the futures pointed to a positive open to the week. When the weak housing number was release the Dow fell a quick 60 points and it appeared the markets were set for a big loss to open the week.

Throughout the day the attention turned to the Fed and the strong possibil ... Read More »

Comments (0)

Matt McCall

1/24/08 Market Overview

By neildefalco on 1/27/2008 1:27 PM

The prospect of an additional tax refund seemed to agree with Wall Street on Thursday January 24th. Washington came to an agreement on the economic stimulus package which helped the major stock indices achieve solid gains. Positive earnings reports from Nokia and Xerox added to the rally. Nokia gained 12.5% and Xerox saw its highest one day gain in two years, tagging in an 8% price jump.

Neil DeFalco

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By neildefalco on 1/27/2008 12:50 PM

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Neil DeFalco

Headline News Turns Bullish

By MattMcCall on 1/24/2008 5:48 PM

THE FINAL NUMBERS

NEWS: The Dow closed the session with a gain of 108 points or 0.9%. The S&P 500 also rallied to the tune of 13 points or 1.0%. The NASDAQ was the big winner, gaining 44 points or 1.9% on the day. The small-cap stocks, which rallied over 3% yesterday, struggled to a loss of 0.1% today.

THE BOTTOMLINE: The market was able to rally on continued buying pressure that hung around from yesterday and a number of bullish headlines adding to the optimism. Typically after a capitulation bottom, as we had yesterday, there is a day or two of follow through on the buy side. After the capitulation bottom on 8/16/07, the NASDAQ rallied 4 consecutive days and added over 100 points. I am looking for similar action in the coming days, HOWEVER the one major difference is the timing. We are now in the heart of earnings season and on ... Read More »

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Matt McCall