Lousy Payroll Report Sinks Futures
David Goldring

The major indices posted modest gains yesterday, although the S&P 500 (923.33) failed once again at the Fib 0.618 retracement level at 930. All focus this morning is on the Jobs Report. We suspect the number will not show much if any improvement from May; and could well disappoint as the seasonal student enrollment can sometimes skew the report this time of year. We shall soon find out, but it is ...

It's All About Jobs
David Goldring

The major indices sold off quite sharply yesterday on the heels of a disappointing consumer confidence report. Yesterday we said 930, which is the Fib .618 retracement of our 888/956 trading range, would act as resistance, but that the 10 day average at 913 would be initial support. Yesterday’s low was 913 and the high 930. The market in a broader context, however, remains undecided, lacking in an ...

Consumer Shows Little Confidence
David Goldring

The major indices posted modest gains yesterday, with the S&P 500 (927.23) spending most of the session in our previously outlined resistance at 927/928. The Fib .618 retracement of our recent 888/956 range plays out to 930, and any follow through above that level today would suggest that we will once again challenge the 950/956 level. The down sloping 50 week average is at 952. Any move and close ...

The Real Fireworks Start After July 4th
David Goldring

Stocks meandered in a listless trading session that struggled to find conviction in either direction Friday. The S&P 500 (918.90) is rallying off its 200/50 day pivot, but remains in the middle of its eight week trading range of 880/955. At some point soon we will see a break in one direction or the other, and we have been of the opinion that we will see a downside break and it will occur after th ...

Maintaining Defensive Position
David Goldring

The major indices remained strong throughout the session yesterday and closed 2% higher. The bounce was to be expected, especially by the S&P 500 (920.26) as it tries to hang on to the 200 day average, but we still feel that in a broader context the market is topping. The S&P 500 is 1% below its close of May 8th, and the Ts indicators have fallen from 6.21 and 1.76, to 1.61 and 1.23 during that ti ...

Ts Indicators Close to Confirming Rollover
David Goldring

The major indices posted modest gains yesterday, although the Nasdaq (1792.34) did particularly well on the heels of Oracle’s (ORCL – 21.26) stellar results. ORCL has grown consistently for over twenty years, and despite the recent 50% surge in price, the earnings yield is still north of 7%. Would you prefer a 7% yield with growth or put your money in the bomb shelter and get less than 4%? We can ...

Daily Commentary
Market Commentary

Lousy Payroll Report Sinks Futures
It's All About Jobs
Consumer Shows Little Confidence
The Real Fireworks Start After July 4th
Maintaining Defensive Position
Ts Indicators Close to Confirming Rollover
Oversold Bounce
The Party's Over
Gap Down Mondays
Potential Short Set Up
Sell Rallies
Will Close Unfilled Gap On Nasdaq at 1774
Correction Time
Putting In a Top?
Narrowing Leadership

TS System Commentary
Portfolio Commentary

Recap of Portfolio Performance
Buying Mr. Softee (MSFT - 16.33)
Portfolio Still Up 33% Since Nov 20th
Re-Test
Almost There
The Need For Automation
Ugly
Make Up Your Mind
Nasdaq Soars 3% Off 1495 Support
Critical 1495 Support on Nasdaq

Trading Notes
Latest Publications

Large Cash Position Puts Floor On Downside....Buy NamTai (NTE - 4.30)
APWR (13.96) Quadruples In Price From Where We Recommended It......And Is Still Cheap!
Poetry In Motion.... Buy SIMO - 3.16
GoGo Over Cogo (COGO - 5.94)
Will This Phoenix Rise From The Ashes? - Buying BPHX - $1.75
Buy Smith Micro (SMSI - 4.30)
Loading Up On A-Power (APWR - 3.48)
Cash Rich Technology Stocks
Cash Rich Tech Stocks

Editorial Commentary
Latest Publications

Oracle Enters the Hardware Market
Wal-Mart Fails to Meet March Expectations
IBM-Sun Discussions Come to an End
More Cost Cutting at Shipping Powerhouse Fedex
HP's Earnings Not Recession-Proof
Exxon Mobil: Record-Breaking Profits
General Motors Dethroned by Toyota
Another Round of Record Losses for Freddie Mac
Is GM Buying Chrysler for Leverage?
IBM Posts Strong Profit and Maintains Forecast