Small/mid cap stock trading chart analysis and research.
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Current Market Strategy
(4.9.2008)I think we're still in good shape for the possibility of another big rally attempt as the market appears to be coiling the spring for another leg up.
(2.26.2008) There's no question the character of this market is beginning to change to the bullish side of the coin, but as far as I'm concerned this is still a bear market and it still pays to be careful. That means initiating smaller positions than you normally would, not chasing stocks and cutting losses quickly.
(1.22.2008) Massive capitulation marks a bottoming area but that doesn't mean we can't come back and test the lows. This is still a bear market with no leadership. Extreme caution still urged.
(1.9.2008) There isn't any other way to say it. Yes, this is officially a bear market. Play accordingly.
(12.9.2007) Don't be greedy, it's just that easy. The market sustained significant technical damage during the latter half of October and the first few weeks of November. Consider the 7% retracement of that sell off over just the past 2 weeks a gift, offering a 2nd chance to lighten the load on the long side.
(11.7.2007) I believe at this point you have to have the mindset that the October highs are a long term top and that it will be several months AT LEAST before we see those levels again. There will certainly be many highly profitable shorter term trades along the way, but to remain 100% invested with a "hold" strategy at this point in my opinion is a very big mistake.
(10.16.2007) The technical action indicates a top at least in the short term and further deterioration ahead. Preserve capital and lock in any profits sooner.
Portfolio Allocation
| Total Portfolio | 100% | 229636 |
| Long | 66% | 151186 |
| Short | 5% | 11536 |
| Cash | 29% | 66914 |
| Margin | using | |
Headlines - Market Outlook
» Commodity Driven Role Reversal
04/07/08 08:28 from Seeking Alpha
Eric Coffin submits: David Coffin co-wrote this article. In the 1970s, Baby Boomers were swelling job ranks and women were moving out of the home and into the paid workforce in most of the industrialized world. At the same time, OPEC..
» Mid-Year Market Roundup
04/07/08 08:04 from Seeking Alpha
Andy Sutton submits: I would say that things are downright scary, but I am afraid that would be a colossal understatement at this point. 2008 has been pretty much what we expected and then some. A couple of themes have emerged during the f..
» GFD Guide to Total Returns: Market History - and Future?
04/07/08 05:53 from Seeking Alpha
Mebane Faber submits: The markets are closed and I am outta here for some fish tacos, some beach, some surf, and some bbqing. If you need some weekend reading, here goes... This post below reminds me of Question #2 from Fisher's book: Comp..
» Market Action: Past, Present, Future
04/07/08 05:45 from Seeking Alpha
David M. Gordon submits: The great thing is to last and get your work done and see and hear and learn and understand; and write when there is something that you know; and not before; and not too damned much after. -- Ernest Hemingway The m..
» Options Trader: Thursday Outlook
03/07/08 13:25 from Seeking Alpha
Phil Davis submits: Wow, now we are looking at a good open! The ECB did, as expected, tighten rates by a quarter point , now 4.25% to our Fed’s 2% and our payrolls were indeed down 62,000 jobs with 5.5% unemployment and May was revis..
» A Selloff Follows the Out-of-the-Blue Rally - Not Good
03/07/08 13:00 from Seeking Alpha
Trader Mark submits: That was not the right way to follow up a reversal day (Tuesday). To open with strength and close at the low of the day, completely erasing Tuesday's reversal (which was in itself bullish) - not a good thing. That said..
» What Will Be Today's Rate Action?
03/07/08 12:59 from Seeking Alpha
Macro Man submits: This market just doesn't get any easier, does it? Consider that in the last day and a half, we've observed the following: a) A stunning intraday rally on Tuesday off the S&P 500 Maginot line, apparently based on GM (GM) ..
» A Look at the Russell 1000 and the Russell 2000
03/07/08 12:37 from Seeking Alpha
Dan Weiss submits: Below, is an examination of performance for the Russell 1000 and Russell 2000 Indices by GICS sector followed by my commentary. Russell 1000- Large Cap Performance: by GICS Sector Index -1.9% Energy +19.2% (14% of Index)..
» A Mid-Year Look at 2008 Predictions
03/07/08 10:01 from Seeking Alpha
Tim Iacono submits: Now half-way through the new year, today seems to be as good a time as any to have a look at the predictions for 2008 made back in January. Just for fun... Complete Story »
» Bear Market Rally ETFs: Is Capitulation Close?
03/07/08 09:37 from Seeking Alpha
Gary Gordon submits: Do you surrender? Do you give in? The rest of the market participants are darn close to doing so. The problem with the idea of stock market capitulation is that it's nearly impossible to predict. In fact, most of the t..
» U.S. Jobs Report Could Be Tipping Point
03/07/08 09:07 from Seeking Alpha
Larry MacDonald submits: Like a bridge over troubled water, the U.S. job market could be finally caving in. At least that is what a raft of recently released employment indicators may be suggesting. - the Rasmussen employment index , a mea..
» Government Bonds: What's the Long-Term Outlook?
03/07/08 09:01 from Seeking Alpha
Prieur du Plessis submits: I have been bearish on government bonds since March of this year and have repeatedly warned that they were an overpriced asset class, saying at the time: … one should be cognizant of the fact that an inves..
