James "Rev Shark" DePorre's Blog

Complicated Action

twocents@thestreet.com (Rev Shark) — Mon, 23 Nov 2009 21:22 GMT

Buyers couldn't gain any traction after the very hot open.

Market Cools a Bit

twocents@thestreet.com (Rev Shark) — Mon, 23 Nov 2009 18:46 GMT

Buyers inch for the exits, but the bears will likely be gun-shy into Thanksgiving.

Market Provides an Opening for Dip-Buyers

twocents@thestreet.com (Rev Shark) — Mon, 23 Nov 2009 16:15 GMT

Traders who missed out on today's fast opening will likely be trying to catch up.

A Flying Start

twocents@thestreet.com (Rev Shark) — Mon, 23 Nov 2009 15:11 GMT

We have so many big moves, it's hard to not sell into some of them.

Weak Dollar Provides a Lively Open

twocents@thestreet.com (Rev Shark) — Mon, 23 Nov 2009 13:19 GMT

As long as the dollar is weak, the economy and everything else is a secondary consideration.

Follow the Hot Money

twocents@thestreet.com (Rev Shark) — Fri, 20 Nov 2009 21:32 GMT

The thinner holiday flows often lead to "hot-money" traders aggressively playing certain themes.

Cautious Bulls Look for Buys

twocents@thestreet.com (Rev Shark) — Fri, 20 Nov 2009 19:14 GMT

The seasonally positive holiday trading may be starting a bit early.

Two Eternal Bullish Arguments

twocents@thestreet.com (Rev Shark) — Fri, 20 Nov 2009 17:04 GMT

Every year, we hear why the market should go up. but the reality is more complex.

Not Much Is Growing Except Fertilizer

twocents@thestreet.com (Rev Shark) — Fri, 20 Nov 2009 15:34 GMT

The action is generally negative, but this group is showing some life.

The Never-Ending Argument Continues

twocents@thestreet.com (Rev Shark) — Fri, 20 Nov 2009 13:37 GMT

The bulls still have the upper hand, but plenty of negatives are giving the bears hope.

Backing and Filling

twocents@thestreet.com (Rev Shark) — Thu, 19 Nov 2009 21:24 GMT

A few days of 'orderly' selling could set us up for a positive move around Thanksgiving.

The Charts Make the Fundamentals Matter

twocents@thestreet.com (Rev Shark) — Thu, 19 Nov 2009 18:27 GMT

When the market's technical picture changes, news events suddenly become relevant.

The Market Drives the News

twocents@thestreet.com (Rev Shark) — Thu, 19 Nov 2009 16:58 GMT

Technical factors, not news events, are often the strongest force in the market.

Profit-Taking Kicks In

twocents@thestreet.com (Rev Shark) — Thu, 19 Nov 2009 15:21 GMT

I don't see any specific news item that deserves the blame -- sometimes it's just time for a dip.

Time for Defense

twocents@thestreet.com (Rev Shark) — Thu, 19 Nov 2009 13:15 GMT

This market could shift in a hurry if sated bulls head for the exits.

Market Drifts on the Brink of New Highs

twocents@thestreet.com (Rev Shark) — Wed, 18 Nov 2009 21:24 GMT

It's hard to find fault with the major indices, except for the light volume.

Measuring the Market's Skepticism

twocents@thestreet.com (Rev Shark) — Wed, 18 Nov 2009 18:21 GMT

The biggest moves since March have come on declining volume.

Market Needs a Rest

twocents@thestreet.com (Rev Shark) — Wed, 18 Nov 2009 16:35 GMT

We've had quite a run since the first of the month and could use some consolidation.

Dip-Buyers Stumble Out of the Gate

twocents@thestreet.com (Rev Shark) — Wed, 18 Nov 2009 15:19 GMT

The sharp reversal this morning may indicate that traders want to lock in profits.

Hate Is Driving This Market

twocents@thestreet.com (Rev Shark) — Wed, 18 Nov 2009 13:42 GMT

A reluctance to embrace this unusual action is providing an underlying bid.

Buyers Won't Be Denied

twocents@thestreet.com (Rev Shark) — Tue, 17 Nov 2009 21:33 GMT

Underinvested bulls are keeping a bid under the market.

Impatient Buyers

twocents@thestreet.com (Rev Shark) — Tue, 17 Nov 2009 19:14 GMT

We can't get much downside with so many discouraged bulls out there.

Differing Viewpoints Are Good for the Market

twocents@thestreet.com (Rev Shark) — Tue, 17 Nov 2009 17:21 GMT

Rather than bemoan the 'lying,' take heart that someone will take the other side of your trade.

Mixed Start

twocents@thestreet.com (Rev Shark) — Tue, 17 Nov 2009 15:29 GMT

So far, it is just some mild consolidation after a big day yesterday.

Emotion, Not Fundamentals, Driving This Market

twocents@thestreet.com (Rev Shark) — Tue, 17 Nov 2009 13:23 GMT

Since the bulls are in control, any bearish arguments are currently irrelevant.

Why Worry About Whitney?

twocents@thestreet.com (Rev Shark) — Mon, 16 Nov 2009 21:18 GMT

This market doesn't care about fundamentals, so why worry about Meredith Whitney's comments?

A Strange Euphoria

twocents@thestreet.com (Rev Shark) — Mon, 16 Nov 2009 19:06 GMT

Weak-dollar plays are keeping the market aloft, but we're not seeing much enthusiasm.

Market's Strength Hits Both Longs and Shorts

twocents@thestreet.com (Rev Shark) — Mon, 16 Nov 2009 16:09 GMT

Bears are getting squeezed, and bullish skeptics are feeling left behind.

Straight Up on Strong Momentum

twocents@thestreet.com (Rev Shark) — Mon, 16 Nov 2009 15:15 GMT

The only fear out there is the fear of not being long enough.

Monday Morning Optimism

twocents@thestreet.com (Rev Shark) — Mon, 16 Nov 2009 12:58 GMT

We need to be wary of the smaller stocks, but not overly bearish, given the strong senior indices.