Bryan Leighton's Page

Palm, Inc. (NASDAQ:PALM) has been under intense sell pressure since the
January 9th, 2010 high was made at $14.17. Since that point, the stock
price has fallen to a low today of $6.07. This is just slightly off
the 52 week low of $5.85. The 5 week dramatic fall in Palm, Inc.
culminated with a warning yesterday from the company that fiscal
third-quarter and full-year revenues would be far below Wall Street
estimates.



From the stock action in the previous 5 weeks, it seems Wall Street
a… Continue

Many traders and investors will remember the crash on February 27th,
2007. Back then at that time the market declined as the sub prime
crisis began to surface and many countries including Iceland had huge
exposure to these toxic assets. On that day the SPDR Trust (NYSE:SPY)
declined about 5 points, which is equal to about a 50 point decline on
the S&P 500. The Diamonds Trust (NYSE:DIA) which tracks the Dow
Jones Industrial Average declined about 4 points, which is nearly 400
points on the DJ… Continue

The markets continue to get hammered today with the DOW lower by 1.65%,
Nasdaq down 1.40% and the S&P 500 dropping 1.50%. This is all on
the back of economic data released over the last three days that has
stunned Wall Street. Consumer Confidence shocked, New Home Sales
jolted and today, Jobless Claims slammed. Double dip? Quite possible!



While the markets are dropping for the second day in the last three,
solid risk to reward swing trades are emerging at key technical levels.
I w… Continue

The markets are significantly lower on a strong dollar (NYSE:UUP) and shockingly poor economic news.



Jobless Claims were released at 8:30am and showed a sharp increase to
496,000. This is now approaching the 500,000 number again, from
December 2009, when the market cheered numbers near 400,000. This was
a surprise to Wall Street and has caused an increase sell. Durable
Goods ex-transportation was -0.6% from +2.00% in December.



After the last few days, the bad news keeps com… Continue

After the Consumer Confidence numbers came out at a pathetic 46 from
56.5 last month, many began to wonder where the disconnect was? The
President and his economic team have said the economy is on the road to
recovery while many firms on Wall Street have reported stellar
earnings. Yet the consumer apparently is having a major drop in
confidence. This news was released at 10:00am ET yesterday.



Fast forward to today. At 10:00am ET New Home Sales were released. The
markets once again sol… Continue