Search: dow

I wanted to post an email I sent out to my members last night, going over the case for a bull vs bear market.  Comments are welcome and appreciated!
What a yo yo couple of weeks it’s been with the market bouncing around in a fairly tight trading range.  The market doesn’t know what it wants [...]

The government is pouring billions into the technology.  Cisco CEO John Chambers said it will be bigger than the internet.  The opportunity for investors is indeed BIG and now there’s a diversified way to play “it” – the smart grid revolution.
There are quite a few useless and overlapping ETF’s out there and this industry is [...]

Whatever credibility Dick Bove of Rochdale Securities has left can now be thrown out the window.  It won’t matter at CNBC or Fox Business though, because for some reason he’s considered a guru analyst in the financial sector.  Following Wells Fargo’s (WFC) earnings yesterday morning, he was on CNBC with the following comments before the [...]

Amazon (AMZN) just made a terrific move after the bell today, making its largest purchase ever.  It’s acquiring Zappos.com for about $890 million in stock (based on today’s closing price) plus another $40 million in restricted stock and cash.  Zappos.com is the leading online shoe retailer that did a billion bucks in revenue last year [...]

Wow, now that’s what I call an oversold bounce.  I was expecting some retracement of the selling off oversold conditions last week, but not of that magnitude.  The recovery was such that the much discussed head and shoulders top has failed as all the indices broke out from 4 week long down trends.  Of course, [...]

It’s official.  I’ve been highlighting the possibility of a head and shoulders top confirmation on the Dow and S&P for several weeks and now we have confirmation of those formations as both broke through the neck lines this week.  While we’re oversold and could see a minor bounce, the momentum and trend is clearly down [...]

I’ve talked quite a bit about the head and shoulders top formations in the Dow and S&P500 in recent weeks and it looks like we might get confirmation of those topping formations soon, based on early trading action today.  What that means is that there is going to be an abundance of ways to play [...]

I’m short on time this week, so will move right into the charts.  Basically not much change in my analysis from last week as the indices continue to diverge with Nasdaq strength and S&P weakness.  The Nasdaq actually broke out of its two week consolidation on Thursday, closing the week above the 20 day moving [...]

The indices are down but not out.  That was the theme of last week as the indices broke down out of tight, short trading ranges and are in the process of testing some key resistance levels which could soon tell us whether the rally will continue or enter a prolonged retracement.  Last week, I discussed [...]