I was just looking at Schwab’s 3rd quarter report and one of things that struck me is how much trading volume on the New York Stock Exchange and the Nasdaq dropped off from August to September. Volume was down 27%…
It was a truly monster day on The New York Stock Exchange. 3043 of 3434 issues advanced – a ratio of almost 9 to 1. And up volume of 1.59 billion of a total volume of 1.6475 billion means that…
One of the most interesting articles I read this week was an observation by the ever insightful Mark Hulbert that we’ve had three 9 to 1 up days in the last 3 weeks: Friday Aug 17, Wednesday Aug 29 and…
The fundamental tenet of technical analysis (i.e. chart reading) is “the trend is your friend”. Now, I think there’s a lot to this. Trends tend to be based on economic and financial forces. As long as those forces remain in…
The Dow is poised to close below 13,000 today for the first time since April. It took about 3 months to get from 13,000 to 14,000 – and it looks like it’s only going to take 19 trading days to…
I remember sitting down in front of my TV on Tuesday February 27 as the clock hit 12:00pm out here in California – the start of the final hour of trading. And I remember the Dow just plunging – from…
On a day like today, after a big drop, I think the markets are more about emotion than they are about facts and fundamentals. Therefore, I find it useful to look at the charts for some guidance about how people…
From time to time I’ll write a little report on a stock to keep a record of my own thinking. I just finished one on Taser (TASR) which reports 2nd quarter earnings before the open on Monday (7/23). I thought…
“The whole story is interest rate worries.” – Stephen Carl, head trader Williams Capital (subscription required) “A lot of people are trying to come to grips with the idea that the Fed is just as likely at a future meeting,…
The three phases of a bull market: “Phase one is the rebound from the depressed conditions of the previous bear market. Here stocks return to known values. In the second and longest phase, shares advance in recognition of improving business and…