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I've been out of town since Friday and did not have a chance to update the blog. Here is an excerpt about my trades and plan from Friday's Trade Report: It's obvious today was a short covering rally. Large price moves like we saw today ...
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Good morning. As more details emerge about the government bailout package and latest rescue efforts, some of the optimism we saw last week has faded. It appears the market will now turn its attention to whether the efforts will work and ...
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This should be another interesting session. We’ve got some selling pressure this morning and Friday’s huge gaps are sitting there begging to be filled. I just wonder if the “new rules” we have will prevent folks from helping the gap ...
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Back in May I wrote : Weak Financial Stocks May Not Hold Support Again which turned out to be right on the money. A bit later in June I wrote that banks where broken: …I suspect that by the time the Bank Index finds its way down to 65 or thereabouts, the bullish percent index will have
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Right now the commercial paper market is in an unprecedented seizure. Similar to the TED spread and the “Panic Button” indicator, the spread between the short term high quality and poor quality commercial paper is gone off the charts: Source: Federal ReserveIf you have scoffed at hearing experts...
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You don't have to know your opponents, but if you don't know yourself, you're dead meat. ~John Vorhaus.
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Sometimes people will make a mistake in one setting when they would never do so in another. Try these two statements about this weekend's football games. Both are true. The Cowboys have never beaten the Packers at Lambeau Field. ...
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In volatile and declining markets, many investment managers decide to play defense. Our TCA-ETF model uses a combination of technical factors to capture Trends and Cycles with a touch of Anticipation. It is also a good guide to market ...
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Sure I'm a Dad, but who cares? Now, I don't think I'll get $1.5 mil, or be able to send myself to grad school with the proceeds, but it's cool, I just need a new surfboard. Developing...
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The last update on dollars flowing into and out of the stock market found that flows were consistently negative, suggesting that bounces represented short covering and sector rotation, rather than a fresh influx of buying. ...
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What a wild one last week was! Incredible volatility provided sharp moves on both the downside and upside, bringing about new 52-week lows as well as a major rebound to a degree not seen in quite some time. ...
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Another member country of the Global Plunge Protection Team has joined the fray in the rush to ban short selling. Australia has done us one better though by banning shorting any & all stocks in their markets: ...
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* Good News, Bad News - Following the recent posts on market cycles, I mapped out (chart above) how I've been viewing the current cycle, given the divergences noted in earlier posts. With the surge of buying in the markets the past two ...
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There are problems with the "uploader tool" at mybloop, so there is no high res video available. Put on your glasses and squint at the youtube one instead.
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Who wants to talk about these markets? I am not trading for the rest of the day (unless I see something really good, but for now the needle is out). So join me at 3PM Eastern HERE.
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