April 2009

Cara's Commentary & Community Chat, Tues., Apr. 14, 2009

April 14, 2009 by Bill Cara

[8:58am ET] I will be watching closely today as the President speaks about the economy. Will he appear Presidential or will he, once again, act like he is America’s soon-to-be savior?

I think most people are beginning to say ‘Save us the speeches, give us jobs and food and an end to the corruption in Washington and on Wall Street’. These things are do-able, but all the talk in the world is not going to get the job done.

The workers will get the job done. They always do. But, where is the plan the people can buy into and start to put to work?

Cara's Commentary & Community Chat, Mon., Apr. 13, 2009

April 13, 2009 by Bill Cara

[8:06am ET] Now that this is earnings season, the story of the week, I believe, will be the close scrutiny of the leading banks that will be demanded by US taxpayers. People are angry over the lack of full disclosure coming from Humungous Bank & Broker, and they are demanding much greater transparency with respect to TARP, TALF and stress tests, plus independent investigation possibly leading to prosecution.

Week in Review #15, 2009

April 12, 2009 by Bill Cara

[10:16am ET] I regret having to miss a couple weeks of the Week In Review, for several reasons, not the least of which is that I do this report for myself too, as it forces me to study the big picture of the global capital market. Once I am away from the trenches, it usually takes me as long as I have been away to get my groove back. I don’t care whatever the endeavor; every professional needs a regimen of daily practice to stay on top of their game.

Daily Report for Friday, Apr 10, 2009

April 10, 2009 by Bill Cara

[8:45am ET] Stocks in NY Thursday soared at the open following a positive reports in the US banking industry, then went through a tight trading range until the last 90 minutes when prices lifted into a strong close before the holiday weekend.

By the close, the DJIA (+246.27 +3.14% to 8083.38), S&P (+31.40 +3.81% to 856.56), and NASDAQ (+61.88 +3.89% to 1652.54) broke through technical resistance levels. The Toronto Composite (+217.84 +2.43% to 9187.12) followed NY, while the Toronto Venture Board (+18.27 +1.92% to 968.97) was higher but lagging the rest.

Cara's Commentary & Community Chat, Fri., Apr. 10, 2009

April 10, 2009 by Bill Cara

[7:17am ET] Happy Easter! This is a five-year anniversary for the blog, starting with TraderWizard.com until mid-December 2004, then to BillCara.com, and finally to CaraCommunity.com in 2008, where it shall stay because this is a free blog for the community.

BillCara.com will soon become a web portal for access to (i) the community blog, (ii) Trader Wizard commerce site (conferences, books, Vad’s mentorship, and premium stuff like that), (iii) Cara Trading Advisors (CTAB) professional site, (iv) Cara charts, (v) other interests of mine.

Daily Report for Thursday, Apr 9, 2009

April 9, 2009 by Bill Cara

[9:12am ET] Stocks soared after the firing of the 3pm gun. There was a lot more talk than volume though.

In corporate news yesterday, Pulte Homes (PHM) agreed to buy rival Centex (CTX) for $1.3 billion, which had a positive market impact. The merged company will be America’s largest house-builder.
http://stockcharts.com/h-sc/ui?s=phm
http://stockcharts.com/h-sc/ui?s=ctx
http://news.ino.com/headlines/?newsid=689769987000
http://finance.yahoo.com/news/Pulte-to-buy-rival-Centex-for-rb-14878771....

Cara's Commentary & Community Chat, Thurs., Apr. 9, 2009

April 9, 2009 by Bill Cara

[6:55am ET] Re possible changes in organizing the Discourse, the posting yesterday from this community is itself a study in sociology worthy of a doctorate thesis. The word phenomenon comes to mind every day I scroll through these posts.

I think back almost five years when I started this blog and Forbes and Barron’s were saying that I must be eccentric and questioning why I was blogging. Well, I have said this from the beginning, I am like you; we all put our pants on same way. We all need to learn and the best way is to share.

Daily Report for Wednesday, Apr 8, 2009

April 8, 2009 by Bill Cara

[8:59am ET] Stocks took a nose dive at the open and later side-tracked through the day as the usual Talking Heads made the rounds of Financial Entertainment TV. Beginning yesterday, the focus is on 1Q2009 earnings season.

Cara's Commentary & Community Chat, Wed., Apr. 8, 2009

April 8, 2009 by Bill Cara

[7:25am ET] I have two insights into the minds of the leaders of Humungous Bank & Broker (HB&B) that I’d like to share today: (i) they know they have done wrong and are now taking protective measures, and (ii) with no depression experience or scholarly knowledge of the depression, their skills could be matched by any college sophomore, and they are quiet about this because they are in denial -- having nightmares of being discovered as having few relevant skills for what they are humungously compensated for.

Daily Report for Tuesday, Apr 7, 2009

April 7, 2009 by Bill Cara

[8:05am ET] Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA).