May 9, 2010
- Anatomy Of A Market Meltdown; Potential Head & Shoulders Pattern
The analogy I had been using over the past few months to describe the action in the market to my members is that of a majestic skyscraper, each story beautifully built, higher and higher to the heavens. Just one problem.. they skimped on the foundation. So, as the glorious skyscraper neared the heavens, the foundation [...]
May 24, 2009
- The Rally Is Rolling Over, Test of 50 Day Moving Averages Likely
I’ll keep it brief and to the point in this shortened Memorial Day weekend edition of the weekly market review/preview. The market appears ready to roll over with the indices possibly confirming a double top formation in the coming days. Take a look at the Nasdaq and S&P, both of which nearly retested the May [...]
More on this topic (What's this?)Wrong-Way S&P 500 Traders Now Excessively Bullish (COTs Timer, 8/29/10)33 Dividend Champions to Consider (Dividend Growth Investor, 8/11/10)Art Cashin Eyes 1066 on the S&P (Wealth Daily, 8/30/10)Rosenburg: Depression not Recession (Wealth Daily, 8/25/10)
April 19, 2009
- Rally Shows a 2nd Crack, S&P Has Trouble At 875 But Bulls Remains In Control
Everyone wants to know.. how long can the rally last. It’s the same question that was being asked on the other side just one month ago. How low can we go and for how long? The market always seems to remain irrational longer than you think it will and that has certainly played out over [...]
More on this topic (What's this?)Wrong-Way S&P 500 Traders Now Excessively Bullish (COTs Timer, 8/29/10)Art Cashin Eyes 1066 on the S&P (Wealth Daily, 8/30/10)33 Dividend Champions to Consider (Dividend Growth Investor, 8/11/10)Dark Side Of The Equities Moon (Random Roger's Big Picture, 8/30/10)
April 16, 2009
- China’s Economy Still Robust, But Concerns Remain
China’s economy remains very strong chugging along with 6.1% GDP growth in the 1st quarter, but dropped from the 6.8% growth in the 4th quarter 08. It’s hard to believe that 6.1% is the weakest quarterly growth since quarterly numbers were tracked beginning in 1992. It certainly indicates the staggering growth of China’s economy [...]
More on this topic (What's this?)Andy Xie on China’s Empty Apartments (naked capitalism, 8/4/10)“No. 1 China Stock for 2010… textbook (though exceedingly rare) opportunity to profit from th... (Stock Gumshoe, 7/29/10)Just how risky are China’s housing markets? (naked capitalism, 7/28/10)MARC FABER: CHINA COULD CRASH (THE PRAGMATIC CAPITALIST, 8/2/10)
March 15, 2009
- This Dead Cat Has Legs, But Big Resistance Looms
Well, the much anticipated relief rally finally arrived last week with the S&P vaulting more than 13% off oversold conditions. The rally was a bit deceptive with no real spike in fear or capitulation accompanying the move, but remember that capitulation doesn’t necessarily need to occur to mark a bottom… and that’s not to say [...]
More on this topic (What's this?)Does this Bear Market Rally have legs? (studentofmarkets.com, 3/14/09)NIce Legs (BS on the Market, 3/23/09)Marc Faber: This Rally May Have Some More Legs (Blogging the Commodity Bull Market, 3/29/09)Does this rally signal the bottom? (The Curious Investor, 3/15/09)
March 1, 2009
- Mr Market Gives Thumbs Down to Obama’s Big Goverment Budget, Dow Likely To Test 6500
I have to admit I was turning a bit optimistic there in the middle of the week when the market rallied on the Bernanke testimony, indicating the government wasn’t interested in wiping out Citi shareholders (although at $1.50 that’s essentially what’s happened) and that he was optimistic of a recovery in the economy within a [...]
More on this topic (What's this?)Frustrated White House Slams “Professional Left” (naked capitalism, 8/11/10)Quote of the Day — Obama’s Tragic Flaw (Red Hot Energy and Gold - Global..., 7/15/10)Obama, the Comedian (Financial Armageddon, 6/29/10)New Obama Administration Propaganda Tactic: Revisionist History (naked capitalism, 5/24/10)
February 4, 2009
- Dry Bulk Shipping Stocks Breaking Out
A big move out of the dry bulk shipping stocks today with several breaking out of consolidations with heavy volume. Excel Maritime (EXM) reclaimed support of its 50 day moving average in a big way. The dry bulk shippers have been on a wild ride over the past year and a half, many plummeting 80 [...]
More on this topic (What's this?)Baltic Indices up for week ending 2/20/09 (The Shipping Stocks Blog, 2/21/09)Opportunity in the Dry Bulk Shipping Stocks (The Simplified Investor, 11/23/08)Baltic Capesize Index goes ballistic! (The Shipping Stocks Blog, 6/2/09)Is The Baltic Dry Dead Cat Bounce Over? (Phil’s Stock World - Members S..., 8/3/10)
