Search completed
Today, we got that bounce in stocks that we thought might be coming – from yesterday’s stock market wrap: I’m not sure if I’d initiate a new S&P short position at this juncture – as the contrarian in me thinks we’ve got to see some sort of short-term pop soon. Markets rarely cooperate with broader […]
The Hindenburg Omen — Omen-ous or Not? Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 31, 2010 By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in […]
This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow. If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]
The summer doldrums continue, as today registered the 2nd lowest trading volume of the year (Source: Reuters). As we’ve discussed, the last rally was rather uninspiring, displaying low and declining volume as the rally aged: Source: StockCharts.com The downsloping volume trendline was “broken” a bit by last week’s decline. So while overall trading volume is […]
I was listening to Jim Puplava’s Financial Sense Newshour this morning while cooking breakfast – it’s one of my “old man” traditions, there’s nothing better than cooking up an omelet while getting a technical rundown of the financial markets! As usual, his technical analyst guest was fantastic. This week it’s Ronald Griess, founder of The […]
You can run, you can rally on low volume, but ultimately you can’t hide from deflation! Today the Deflation Bird digested and ultimately pooped on the lame FOMC statement issued yesterday. It will take more than that, says our feathered friend, to stave off the ravages of deflation. It was one of those now “all […]
Today, the volatility index (VXX) hit its lowest level in 3 months. Does this mean we have a large stock market decline in our future? Over the last 6 months, lows in the VIX have corresponded with tops in stocks. Since May’s spike, it’s been a series of lower lows and lower highs for the […]
Since the stock market put in a short term bottom a couple of weeks ago (thanks to overwhelming pessimism), the mini-rally since has been a one-way street UP – until today. This has been the trend of the market since about 2003 or so – it’s either up for many consecutive time periods (like 2003-2007, […]
Intel’s stock is flying high after hours today! Shares are up over 8% right now, as the company reported record profit margins, a 34% jump in revenue, and an across the board cheery outlook that’s got investors feeling pretty jolly. So what’s the deal – many of us were waiting for the next shoe to […]
Not much of note today, as we saw a very lazy summer trading day. Are some fireworks just around the corner? Some thoughts for the rest of the trading week: NYSE decliners led advancers today by about 2 to 1 (Source: Seeking Alpha) – a sign of things to come? Earnings season is kicking off […]
Recent Comments