Friday Could Get Ugly; Is The Bull Dead?
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…
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What The Charts Say – Watch Dow 12,800 and S&P 1450; The Underperformance of the Russell and The Outperformance of the Nasdaq 100
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…
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Taser (TASR): Expensive, Over-Loved and Cruising for a Bruising
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…
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The 5% Diet
“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,…
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This Market Looks Alot Like 1998-00; Phase 3: The Speculative Blowoff
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…
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The Market is Schizophrenic Right Now – 9 to 1 Up and Down Days
Mark Hulbert had an interesting article on Marketwatch after last Wednesday’s (March 21) close: “Nine to one: A rare and bullish technical event occurred Wednesday”. Over 90% of the volume of all NYSE-listed stocks was up last Wednesday – the…
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Charmed? Not So Much!
Well I just closed out my trade in Charming Shoppes (NASDAQ: CHRS). As I wrote, on Tuesday I took a position in the Oct 06 $15 puts at 85 cents per. But the selling by the Mad Money fanatics never…
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Boo-Yah Skee-Daddy!!!! – End of the Quarter Fun and Games
This week (Sept 25-29) is the final week of the 3rd quarter. Institutional money managers are judged, and frequently compensated, based on their quarterly performance and so their is alot of funny business that goes on towards the end of…