The markets are fast approaching the critical support levels I mentioned on Wednesday. Let’s see if the major indexes can hold at these levels.

S&P 1240-1250 (Currently @ 1270 down 14 points)
DJIA 10,700-10,750 (Currently @ 10,754 down 126 points)
NASDAQ 2200 (Currently @ 2267 down 24 points)

One event that could trigger a reversal is energy prices. The March 06 c

I don't know how many of you read Barron's, but there were some very important issues raised in the roundtable discussion, most notably, oil.

Marc Faber brought to light the geopolitical risks facing our nation, as China and Russian have formed alliances to gain access to more Middle East oil. In the process, this alliance has asked the U.S. to begin setting a timetable to close its mil

With the DJIA closing down 41, and the NASDAQ down 23, the big question remaining is this the beginning of a big correction. The answer comes in the technical readings of the market.

For now, we will assume the market is going through an overbought corrective phase if the major market indexes can hold above these levels:

S&P 1240-1250
DJIA 10,700-10,750
NASDAQ

I told you a few months ago that Wall Street would probably start hyping up the market once we got a year-end rally. The "year-end" rally was delayed in December, and was reserved instead for the opening weeks of the New Year.

The Spin Begins
November 28, 2005

We began getting severe cross currents as to whether the market would decline in the first half of 2006,

So that's why the Yahoo (YHOO) insiders have been selling. After the bell internet giant Yahoo said fourth-quarter profits doubled, but missed analyst’s forecasts by a penny.

In after market trading, Yahoo is trading down $5.36 or 13%. Whenever a stock is priced for perfection, this is what usually happens.

Amazingly, shares of Google (GOOG) are also trading down $16.61 in sym