http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/http://www.fxstreet.com/fundamental/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-07-01.htmlU.S. Economy It’s clear that the market is reacting to the problems that arise from astronomical energy costs. Nine out of 10 S&P industries dropped, lowering the index 8.7% in June. It was the largest monthly decline since September 2002. Even the world’s biggest companies like Wal-Mart and General Motors fell as oil went higher than $143 a barrel. Despite the obvious energy issue the U.S. Commerce Department reported that personal incomes were up 1.9% in May, also consumer spending wasTue, 01 Jul 2008 06:01:45 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-07-01.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-24.htmlU.S. Economy The market has digested Friday’s news and it looks like this week will start little better. Merrill Lynch cut earnings estimates for several regional banks as well as the speculation their own earnings outlook may be in trouble. Citigroup has warned that more write offs in the 2nd quarter may be in store. In addition to that Moody’s downgraded its ratings on bond insurers MBIA and AMBAC. The markets will be heading lower with only a few bumps on the way down. It appears bad newsTue, 24 Jun 2008 06:30:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-24.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-19.htmlU.S. Economy On Friday, the US Labor Department reported that consumer prices were up .6% in May. That’s a 4.2% increase from a year ago - right in line with expectations. It is clear that higher fuel costs made up most of the gain. If you remove energy and food, prices were only up .2%. The University of Michigan’s index of consumer sentiment dropped from 59.8 to 56.7 which was weaker than expected. Today the stock index futures fell after JP Morgan Chase and Company cut their recommendationThu, 19 Jun 2008 11:53:59 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-19.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-11.htmlU.S. Economy WOW! The US Labor Department reported on Friday that the unemployment rate increased from 5% to 5.5% in May, and non farm payrolls were down 49,000 in the same period - not as bad as expected. It was almost comical listening to the house try to blame the increase in unemployment to the amount of teenagers unable to find work. Oh yeah, and I think crude was up a little too. Friday is over and crude was the story! Today however, at least early in the session, crude seems to beWed, 11 Jun 2008 10:09:58 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-06-11.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-05-20.htmlU.S. Economy The S&P 500 continues to look strong. This strength has come from about 2/3 of its companies posting first-quarter profits that beat estimates. However, with the new buzz signaling stagnation in the world's largest economy unfortunately there could be a two step forward one step back situation. Protect any long positions with close stops as enthusiasm can quickly turn when nervousness sets in as people realize we have not seen these prices since January. The U.S. Census BureauTue, 20 May 2008 14:14:43 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-05-20.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-05-13.htmlU.S. Economy The S&P 500 looks like it will rebound from the first weekly drop in a month. The stock market gained after a pullback in oil prices boosted consumer company shares and Europe’s largest bank set aside less money than analysts’ estimates for bad American loans. Interesting how our bad loans might end up pushing the market up at this point. The US Census Bureau reported exports were down $2.6 billion in March, to $148.5 billion while imports were down $6.1 billion to $206.7Tue, 13 May 2008 09:14:18 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-05-13.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-29.htmlU.S. Economy This week is going to be all about the FOMC meeting which starts on Tuesday. The S&P 500 has been strong, climbing 9.8% since touching a 19 month low on March 10th, thanks to positive earnings from companies like Google, Intel, Boeing, and Amex. It also appears that the market is acting ahead of the Fed announcement pushing the market over the 1400 mark on Friday. The consensus seems to be another ¼ point cut but with the dollar needing to find strength I would not beTue, 29 Apr 2008 12:04:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-29.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-15.htmlU.S. Economy The market still seems to have some room to the downside. Wachovia Corp helped the decline by reporting an unexpected loss - its first quarterly loss since 2001. This unexpected loss is also fueling concerns that the worst of the credit crisis has not come yet. General Electric also said that their earnings in the first quarter of 2008 were down 6% from a year ago and reduced their forecasts for the rest of the year. Retail sales in the U.S. were up .2% in March although thisTue, 15 Apr 2008 10:33:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-15.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-08.htmlU.S. Economy The US housing crisis is so devastating that some banks have started to just look the other way when homeowners have stopped making mortgage payments. The number of borrowers at least 90 days delinquent on their mortgage payments increased to 3.6 percent at the end of December, marking the highest percentage in 5 years according to the Mortgage Bankers Association in Washington. That number is almost double the 2% who have already been foreclosed on. On Friday the U.S. LaborTue, 08 Apr 2008 08:58:03 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-08.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-01.htmlU.S. Economy Last week, the U.S. Commerce Department announced that consumer spending was up .1% as expected and personal incomes were up .5% in February. The University of Michigan’s consumer sentiment index fell from 70.8 to 69.5 in March which was weaker than expected. During a time of the biggest housing plunge in over 20 years, continued job losses and the general expectation for America to slump into recession there is an obvious watch for a slowdown in consumer spending. In a continuingTue, 01 Apr 2008 14:57:04 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-04-01.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-26.htmlU.S. Economy Last week, heading into the Easter holiday, the news was not so good. The U.S Labor Department reported that jobless claims were up 22,000 to 378,000 more than expected. There was also the near collapse of Bear Sterns which undoubtedly took its toll on the stock market. However things have changed. After the Federal Reserve stepped in to arrange a takeover deal the stock surged and now JP Morgan may raise its offer from $2 to $10 a share. Other positive news is that Tiffany &Wed, 26 Mar 2008 10:58:05 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-26.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-18.htmlU.S. Economy The stock market was struck by the news out of Bear Stearns; Wall Street’s biggest buyer of mortgage securities needs emergency funding to keep from going under.  Now it’s sold for $2 a share.  The Fed will provide up to $30 billion to JP Morgan & Chase Company to help finance the purchase of Bear Stearns.  This will also help the company from going bankrupt while they shop it around.  The Federal Reserve, in its first weekend emergency action in almost 30Tue, 18 Mar 2008 14:10:47 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-18.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-10.htmlU.S. Economy It was only a matter of time before we dipped back below 1300 on the S&P and I believe this week will be more of the same. Last week the Fed came out and announced that in an effort to increase liquidity its Term Auction Facility (TAF) will auction $50 billion to banks on March 10th and another $50 billion on March 24th. This is far more than the original $30 billion amount that was set. They also indicated more auctions will be coming in the future if necessary to ease theMon, 10 Mar 2008 15:27:12 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-10.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-04.htmlU.S. Economy The market tried to gain some ground at the end of last week with positive news on a potential bail out for bond insurer Ambac Financial. With so many negative stories, it feels like the market will take any excuse to turn positive. The trick will be holding the ground once it is gained and this week will provide the test for that. Fed chairman Bernake will be speaking twice in the coming week and his comments, paired with a couple of key reports, will set us up for a chance toTue, 04 Mar 2008 10:59:40 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-03-04.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-26.htmlU.S. Economy The market tried to gain some ground at the end of last week with positive news on a potential bail out for bond insurer Ambac Financial. With so many negative stories, it feels like the market will take any excuse to turn positive. The trick will be holding the ground once it is gained and this week will provide the test for that. Fed chairman Bernake will be speaking twice in the coming week and his comments, paired with a couple of key reports, will set us up for a chance toTue, 26 Feb 2008 10:23:39 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-26.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-12.htmlU.S. Economy Last week, in the face of an election year possibly starting in recession, Congress passed an emergency plan to expedite rebates from $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, lower income individuals, and the elderly. This stimulus package will give money to those who will spend it and ultimately stimulate our economy. This will cause the market to react positively and I believe you will see the stock market rise in the week following the officialTue, 12 Feb 2008 09:15:52 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-12.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-05.htmlU.S. Economy The stock market has really shown reaction to the 50 point rate cut announced by the Fed. Last week’s announcement that Microsoft offered to buy Yahoo for around $45 billion in stock and cash surely helped the market as well. This purchase offer by Microsoft fueled investors with bullish sentiment causing the S&P 500 to jump to its best close in two weeks. I believe this is a short term rally - there are still major issues in sub prime housing and credit markets. The U.S.Tue, 05 Feb 2008 09:36:04 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-02-05.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-01-15.htmlU.S. Economy Last week the S&P was able to hold some temporary ground with some value stock buying as well as help coming from the U.S Census Bureau reporting that exports have increased from $141.7 to $142.3 billion in November. Imports also increased from $199.4 to 205.4 billion. One of the headlines repeated most often was about problem plagued mortgage lender Countrywide Financial, which was acquired by Bank of America for $4 billion in stock. This was a risky play for Bank of AmericaTue, 15 Jan 2008 09:00:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-01-15.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-01-08.htmlU.S. Economy I hope everyone enjoyed the holidays but unfortunately the slate is not wiped clean on January 1st and the markets have started off the New Year in correction mode. The issues from 2007 continue to plague the markets. Last week’s jobless claims numbers and $100 crude did not help either. The U.S. Labor Department reported that the unemployment rate increased from 4.7% to 5.0% in December with a net gain of 18,000 jobs less than expected - this was also the weakest monthly reportTue, 08 Jan 2008 08:49:28 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2008-01-08.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-18.htmlU.S. Economy I hope everyone enjoyed the holidays but unfortunately the slate is not wiped clean on January 1st and the markets have started off the New Year in correction mode. The issues from 2007 continue to plague the markets. Last week’s jobless claims numbers and $100 crude did not help either. The U.S. Labor Department reported that the unemployment rate increased from 4.7% to 5.0% in December with a net gain of 18,000 jobs less than expected - this was also the weakest monthly reportTue, 18 Dec 2007 08:41:31 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-18.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-11.htmlU.S. Economy Last week the US Labor Department reported unemployment rates remained at 4.7% in November with an employment gain of 94,000 non-farm payrolls - this was more than expected - but still short of the ADP estimate. There was also a bit of news that might have been slightly overlooked - The University of Michigan’s index of consumer confidence fell from 76.1 to 74.5 in December. Looking ahead, we have an unusually important December FOMC meeting tomorrow. Historically this meeting wasTue, 11 Dec 2007 08:33:25 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-11.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-04.htmlU.S. Economy The major gain made by the S&P last Wednesday followed through, ending the week off at 1483. The high expectations for favoring continued rate cuts from the FOMC next Tuesday seems to be a leading cause. Couple that with the U.S. Commerce Department reporting that personal income and consumer spending were both up .2% in October. The retail sector is also doing better than expected giving this market a reason to rally. BUT... There are still those huge sub prime issuesTue, 04 Dec 2007 08:15:50 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-12-04.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-21.htmlLast week the S&P traded within my expected 1525 to 1585 range. On Thursday the Labor Department reported that the Consumer Price Index increased by 0.3 percent last month, the second straight month with inflation at that level. The acceleration was in part due to another jump in energy prices and continued increases in food costs. Also, the Unemployment numbers were higher than expected increasing by 20,000 last week to 339,000. This is the highest level in a month. The labor departmentWed, 21 Nov 2007 10:08:06 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-21.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-14.htmlWhile some of the pits were closed Monday in observance of Veterans Day, most remained open and the S&P closed in the middle of the day’s trading range. This market will stay in the 1435 to 1475 range for the week. I would continue to look at early and late day moves and anticipate the middle of the day will be slow. Play early and late rallies up to or down to 1450 with close stops. Although the currency pits were closed, there was quite a bit of action on the Globex and the currencyWed, 14 Nov 2007 09:58:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-14.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-06.htmlHalloween might have been what spooked the stock market but I think there might be a little more to it. The week started as expected and the FOMC meeting turned out an anticipated cut of ¼ point after which the market was very bullish. Then on Friday, the U.S. Labor Department said that the unemployment rate remained at 4.7% in October with a net increase of 166,000 jobs, much more than expected. This was a bull's dream and the S&P immediately produced a 5 min bar that set the high of theTue, 06 Nov 2007 11:29:33 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-11-06.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-30.htmlThe Financials Pit Review Last week had stock index futures moving on speculation that earnings will keep growing. This market has had some key reports, but get ready for a Fed bombshell. Last week included bad news from Merrill, good news from Apple, crude over $90, and Countrywide Financial Corp losing $1.2 billion in the third quarter (this was the first quarterly loss reported in 25 years). This information was followed by great optimism from Countrywide, who is forecasting to be in theTue, 30 Oct 2007 16:42:52 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-30.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-23.htmlThe Financials Pit Review We started last week with the December futures at 1574 and closed the week off at 1505. The market certainly provided great opportunities for us bears to short the market. What happened? Last week was all about the earnings and they were disappointing, especially in the banking sector. Mix in crude oil prices, a weak dollar, gold, and finally top it all off with the labor department reporting the biggest one week surge in applications for jobless benefits sinceTue, 23 Oct 2007 08:25:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-23.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-16.htmlThe Financials Pit Review Friday’s surprisingly strong retail sales suggested that consumer spending was holding up. The mergers and acquisitions activity also caused some encouragement to investors. The end result was a strong rally to end the week. I don’t think that I am alone in wondering, when is it going to end? The stock market is showing one of the best 12 month periods in history despite a housing crisis, a dollar meltdown, employment concerns and benign growth. This resilient marketTue, 16 Oct 2007 13:49:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-10-16.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-15.v02.htmlThe Financials Pit Review Recap –- The volatility in the stock indices is at an all time high. I can’t remember a time in my trading career where the market has been all over the map like this. The market this past week has had incredible moves in both directions - sometimes on the same day. We’ve literally watched this market drop 200 Dow points, only to rally right back within the same hour. The trading on the floors of the exchanges has been fast and furious. One might say the reason forWed, 15 Aug 2007 07:12:34 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-15.v02.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-15.htmlThe Financials Pit Review Recap –- The volatility in the stock indices is at an all time high. I can’t remember a time in my trading career where the market has been all over the map like this. The market this past week has had incredible moves in both directions - sometimes on the same day. We’ve literally watched this market drop 200 Dow points, only to rally right back within the same hour. The trading on the floors of the exchanges has been fast and furious. One might say the reason forWed, 15 Aug 2007 07:02:16 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-15.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-06.htmlThe Financials Pit Review Recap - – This whole week can be summed up in literally one word: Friday! Friday was a huge sell-off and one that most traders have seen coming for a long time. This market has been a little top-heavy and Friday’s downward move really proved it. These credit issues are not going away any time soon. Every time we get a headline about it, it brings big fear into the market. No one can really predict when the credit issues will be resolved, and as long as that is theMon, 06 Aug 2007 14:32:35 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-08-06.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-30.htmlThe Financials Pit Review Recap –- Well, the tide has obviously turned in the stock indices. The momentum has absolutely switched from up to down over the past week. It’s not a big surprise to see some selling as things were really starting to build up around here. Those sub-prime problems are simply not going to go away anytime soon. The market is realizing it will be a problem that will stick with us for a while. Another problem is this market has run out of gas and with oil prices (no punMon, 30 Jul 2007 14:59:56 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-30.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-24.htmlThe Financials Pit Review Recap – Can you believe another week with record prices? Of course you can, it never ends around here.  But wait just a second, something very interesting happened on Friday and it’s very different from what we'’ve been seeing lately. We watched as some big companies (notably Google, Caterpillar and Microsoft) simply didn'’t impress the street with the earnings like they usually do.  Microsoft didn’'t do badly, but the other two missed by a lot, and that’sTue, 24 Jul 2007 07:19:23 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-24.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-17.htmlThe Financials Pit Review Recap : –So let’'s get this all straight: We’'ve got sub-prime mortgage worries, crude oil at the $74 level, and weaker than expected retail sales. What should all this mean to someone using common sense? The market should move lower or at the very least have a hard time going up. What does it mean in reality? The market will continue to move higher and set nonstop records as it ignores most signs that the market should move lower. But in trading, reality is all weTue, 17 Jul 2007 06:56:27 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-17.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-09.htmlRecap - – We had a week of solid gains even with the holiday. While the volume was light the move was decidedly to the upside. We got some decent economic data and that was also a big push for the bulls. Job growth was strong and the ISM report was also bullish. The market had faltered a little bit lately, but this past week was another show of strength as this market was even able to fight off crude oil prices above $72 a barrel. A little bit of M and A activity didn’t hurt the market either.Mon, 09 Jul 2007 16:28:38 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-07-09.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-06-12.htmlRecap - This was a new one.  For the first time in a long time, we got a new situation in the market.  Instead of continually moving higher, we finally brought some excessive selling into the stock indices.  Not only did we contend with the rollover period where we switch from the June to the September contracts, but we also got three down days in a row this past week. We hadn’t seen a situation like that in a long, long time.  But it’s really no big deal, as most peopleTue, 12 Jun 2007 08:24:49 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-06-12.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-06-05.htmlRecap - Even on a holiday shortened week we end up with the same exact situation once again. The stock indices (along with the stock market) once again moved higher. It doesn’t matter if we have good news, bad news, or zero news, these markets continue to want to only do one thing, move up! Another buying opportunity presented itself when the Chinese stock market pushed us sharply lower on Wednesday on the news that the Chinese government was again trying to limit participation in their ownTue, 05 Jun 2007 07:05:53 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-06-05.htmlhttp://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-05-16.htmlRecap - We continue to see this market’s resiliency time and time again. We got economic data last week that, at the very least, should have given this market more of a reason to sell-off. But it just doesn’t happen as we continue to move higher and make record after record. We did see a little bit of a sell off on Thursday after the Fed meeting, but just as quickly the market recovered on Friday. So we continue to see an uptrending market with no real end in sight. Outlook - This week we haveWed, 16 May 2007 10:36:00 GMThttp://www.fxstreet.com/fundamental/market-view/info@pitguru.com (Pit Guru)http://www.fxstreet.com/fundamental/market-view/the-financials-pit-review/2007-05-16.html