|
The markets continue to drop, and the more they drop, the more bullish I am feeling. Worden's T2108 indicator which tracks stocks trading above their 40 day sma is currently at 1.97. This means that only 1.97% of stocks are trading ...
Go to Full Article
|
1 |
|
The bulls are giving it another shot this morning. I think that breaking yesterday’s highs will be key for them. That would make the first higher high on a daily basis in10 sessions on the QQQQ & Nasdaq. On Today’s Calendar: ...
Go to Full Article
|
1 |
|
What an inauspicious anniversary. It is a year since the Dow closed at its all time high - it is now trading down about 35% from that level. While I don’t think we are going to go straight up if things do stabilize, there is enough shrill panic out there to make me think that
Go to Full...
|
1 |
|
With earnings season once again around the corner, this perspective on the market has extra relevance: Source: Decision Point Once in a blue moon, the market trades at prices which take it to a “value based buying opportunity”. But notice that looking back, it hasn’t for a long time. According to...
|
1 |
|
NB: This would have been prescient had it been published when I wrote it: yesterday. But thanks to ISP downtime, it comes out now. The crystal ball seems to be working fairly well but perhaps it is time to change my connection to the tubes. Everyone was waiting and hoping for major help from the...
|
1 |
|
In the last few weeks we have seen a number of swings of hundreds of points in the market indexes. How does the current/recent volatility rank in historical terms? Here are two perspectives. Dr. Brett Steenbarger, measuring the ...
Go to Full Article
|
1 |
|
One of the most common concerns I hear from traders at the end of a difficult day is that they didn't trade the way they had wanted to trade. This is particularly the case for active traders who get so caught up in price action and ...
Go to Full Article
|
1 |
|
A quick scan of data suggests that slightly over half of all NYSE-listed stocks made fresh 52-week lows on Monday, continuing the expansion of weakness described in the recent indicator update. Such broad weakness is not common. ...
Go to Full Article
|
1 |
|
To become a Contributor and receive the Contributors letter, just make a contribution using this link. If you'd like to try out my 3C indicator, please use this link and sign up for TeleChart or Blocks and let them know that ...
Go to Full Article
|
1 |
|
First of all, thanks to all of the recent, new contributors. I think today you may have gotten some of your money's worth with 7 letters today alone. In the recent past I've published some of the Contributor's letters a few weeks or a ...
Go to Full Article
|
1 |
|
Good morning. Much like we saw late last week, speculation has intensified over worldwide rate cuts after Australia surprised the world by cutting its benchmark interest rate by 100 basis points. Meanwhile, many investors remain ...
Go to Full Article
|
1 |
|
"For a while it was denial, then it turned to anxiety, and now it's closer to fear. I wouldn't call it panic, but there is some evidence of the beginning of a race to the exits." - Hugh Johnson. The bears sure do love taking this market ...
Go to Full Article
|
1 |
|
The Internet is today one resource that is part of my life, and certainly of yours. Nowadays, this phenomenal way of communication gives us the opportunity to have a strong knowledge of all things that encircles us, by reading the ...
Go to Full Article
|
1 |
|
Chart courtesy of stockcharts ( click to enlarge ). EBAY - The stock is out of control. Not a pretty picture. In downtrend mode. The technical chart shows very bearish sign with the stock below its major moving averages. ...
Go to Full Article
|
1 |
|
From the above volatility table (courtesy of briefing.com), we can see that VIX is now at unprecedented highs, surpassing those experienced during the 2002 bear market, 9/11 and even the Long Term Capital Management (LTCM) crisis. ...
Go to Full Article
|
1 |
