Technical analysis receives disapproval in business schools. There are studies suggesting there is little or no value to the practice as it pertains to stock direction. I don’t know what the truth is but I find it curious that today’s low was S&P 754.37. This …
Market off only 1% but internals are awful. 465 new lows and 1 new high. Single digit stocks all over the place: Wells Fargo -18%; GE -8%; BAC -14%, Citi -20%………..all now under $10/share. Banks around the world are reeling. Focus is on Eastern Europe; …
You should be looking for despair. Until then we will not be cleansed. As buy-n-holders finally, finally give up and surrender their shares despair be will rampant. Have been looking for a high volume wretched day for months now. Even with the pre-market looking grim …
A brief note. Tomorrow is options expiration which is subject to disruptions and unidentifiable trends. Today’s trade was really troublesome. Internals were very weak. Gold positions slaughtered me today and I will watch the overnight. Some are hoping for a continued decline for a final …
HP’s earnings (or lack of them) is having a much greater impact on tech than imagined. Without tech it is difficult to see how the market can mount a sustained drive. And, since tomorrow is options expiration the rest of the week should be choppy. …
Despite disappointing earnings and guidance from HP and in the face of the jobs report, futures point to a strong opening. Oil is up, gold is down, modestly. As preached here consistently, buy-n-hold investing is a dead strategy. To subscribe to this technique is to …
Got to sneak away before the close. Market breadth is decidedly negative. Shares sold dwarf the number of shares bought, advance/declines tilt heavily towards decliners and new highs number only 2 vs 312 new lows. Gold marched right through $980 like budah. Oh man, is …
Range bound, unless some news hits.S&P at 790; keep an eye on 740. Should we close below then all hell breaks loose. Gold has modestly recovered and is now up on the day. Miners, however, are subject to profit taking. Someday I’m going to get …
We purchased our Saturn Aura in February ’07 for $25,000. We took delivery the day before departing on our first major, and only, trip in our 40′ RV. Saturns can be towed easily because their transmissions don’t burn up when towed. We loved the trip …
In the last few minutes the market came down big time on large volume. Not a good sign. Overseas markets will be terrible and that will reflect upon our opening tomorrow. Overall volume was not high enough to signal capitulation. So, we probably have further …