Stock Market Outlook: Holding pattern until the Fall!
Global stock markets – positive breadth
In order to measure stock market breadth, I find it very useful to monitor the percentage of stocks in the S&P 500 Index (or on the Nasdaq or New York Stock Exchanges) trading above their 50- and 200-day moving averages. These measures serve as yardsticks of the direction of the secondary and... Continue Reading
Submitted ByContrarianProfits
While politicians, talking heads, and bloggers blab about the causes of the mortgage crisis, Stan Liebowitz of the University of Texas lays out why they’re all dead wrong in today’s Wall Street Journal.
Rather than subprime or lair loans being the culprits, Mr. Liebowitz illustrates that zero...
Submitted ByMichael Michaud
Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit – and more importantly, do it consistently. How do they do that?...
Submitted ByTrader Mark
The fertilizer names have been much weaker than the commodity space as a whole... today they are green in a sea of red on a Russian price increase, but really Potash (POT) just warned of yet another production cut just 2 weeks ago. [Jun 17, 2009: Potash with Another Production Cut Hammering...
Submitted ByTrader Mark
We mentioned Discover Financial (DFS) a few days ago [Jun 29, 2009: Discover Financial Surges on Analyst Note] - it broke out of a range based on the analyst upgrade and has now pulled back somewhat since my post. I am going to create a starter position (1% stake) as this is one of only about 15...
Submitted ByTrader Mark
I only have about a 0.4% stake in Illumina (ILMN) so I am going to take about a 8% loss on this last batch (stock is down about 10%) today on the earnings warning. The stock had just been flopping around listlessly so it was not a major position for us, thankfully.A large gap has been created...
Submitted ByTrader Mark
I am going to post some data from rfeed.blogspot.com/2009/07/fascinating-finding-shifting.html">TraderFeed blogspot, run by the very well respected Brett Steenbarger. Readers will know we've been noting some very strange action - after the initial surge in March - we began noticing a lot of the...
Submitted ByTrader Mark
Had some real world things to attend since noon yesterday; will be catching up this morning.Quick look at employment report shows government lost 50K jobs which happens once every two decades. Not to worry though the census should be creating 1.4 million high paying stable jobs in the coming year...
Submitted ByContrarianProfits
China has stopped stockpiling metals, according to reports in the Chinese media. Will this put the cap on the recent strength in base metals prices? The AFP reports that, “China has been building its inventories of metals, including 235,000 tonnes of copper, over recent months, Caijing magazine...
Submitted ByTrader Mark
Corning (GLW) is a very interesting situation situated at the far end of the supply chain (very close to the end consumer) - it has been posting some positive data points the past few months but what does it tell us overall? The tech sector has been the one area of sustained domestic out...
In order to measure stock market breadth, I find it very useful to monitor the percentage of stocks in the S&P 500 Index (or on the Nasdaq or New York Stock Exchanges) trading above their 50- and 200-day moving averages. These measures serve as yardsticks of the direction of the secondary and... Continue Reading 
Submitted By 
Submitted By 
Submitted By 
's
