Sign inRecent Commentaries tagged (nasdaq)
Chart Presentation: Offsets
Below is a chart comparison between the Nasdaq Composite Index and the share price of energy pipeline company TransCanada Corp. (TRP in both New York and Toronto. We use the Cdn dollar price for this chart however). The chart shows the time period between 1997 and 2002.The argument is that the Na...
Some Random Thoughts
Leading sectors like steel, coal, regional banks and chips lagged, while defensive sectors like pharmaceuticals were relatively perky today. This “leadership” does not give me a warm and fuzzy that we are about to resume a rip roaring uptrend. Key tech stocks like Apple and Google have also been...
TEN Exclusive: Portfolio Update – 8/19/2010
Written by Patrick McCubbinExact Stock Picks Good Afternoon, Stocks have tumbled after two disappointing economic reports once again darkened investor’s view of the recovery. The Labor Department said Thursday that claims for unemployment benefits rose unexpectedly last week. And the Federal Rese...
Bulls Have an Edge
After my market timing signal went bullish on the 14th, it appears the smart move would have been to accumulate positions (in either ETF’s or individual market leaders) but it didn’t really play out that way. I got shaken out of the markets yesterday but did manage to pull some gains out of t...
Chart Presentation: Bubble Comparisons
Some time close to mid-2008 we showed a comparison between the Nasdaq’s ‘bubble peak’ into 2000 and crude oil prices. The chart comparison seemed to resonate with our readers because we received more responses to that one image than to anything else that we have done over the years.Given that we ...
Strongly Rising VIX Suggests Increasing Bearish Sentiment
Summary: A high and strongly rising VIX suggests increasing bearish sentiment--which is bullish, according to the Art of Contrary Thinking. The Dow-Jones Industrial Average fell 0.42% and closed below previous 7-month lows. But the Dow-Jones Transportation Average tested 4-month lows and closed 0...
Oversold With Some Positive Divergences…
Summary: oversold with some positive divergences…there is still hope for an oversold bounce. S&P 500 Composite (SPX) broke below 8-month lows on 6/30/10, thereby clearing out some protective sell stops below the lows. Sentiment is more bearish. SPX price momentum oscillators, such as RSI (14), ...
Chart Presentation: Nasdaq Comparison
We stumbled across an argument yesterday in favor of a parabolic rise in gold prices based on a comparison between the rally for gold from 1968 into 1980, the bull market run for the Nasdaq from 1988 into 2000, and the start of the rising trend for gold prices back in 2001. As we understood it th...
TEN Exclusive: Options Update – 6/27/10
Written by Dan Micovic The previous week’s market momentum completely vanished last week, with the three major market indexes suffering substantial losses. The Dow Jones Industrial Average (DJIA) lost 2.8%, while the S&P 500 Index (SPX) dropped 3.6%, and the Nasdaq Composite (COMP) lost 3.8 We’re...
More Signs of a Correction
Summary: more signs of a correction. Industrial Stock Sector absolute price fell below its rising 200-day SMA on 6/24/10. Technology Stock Sector absolute price fell further below its rising 200-day SMA on 6/24/10. Energy Stock Sector absolute price fell below 10-day lows on 6/24/10 and remains...
Big Reversal Day May Signal Correction or Consolidation
Summary: big reversal day may signal correction or consolidation for the very short term. Consumer Staples absolute price fell below its rising 200-day SMA on 6/18/10 and remains neutral. Health Care Stock Sector (XLV) absolute price reversed to the downside on 6/21/10 and remains technically be...
Drifting Higher
I’m seeing enough positive things in the Nasdaq that leads me to believe we’re going to move higher. How far exactly I can’t say, but my signals are now bullish and the ability of the markets to stay above the June highs is encouraging. Right now I’d say we have about 50 points of upside before w...
Seriously Bulls….
I’m not exactly sure who is buying this rally based on the volume, but I really didn’t expect this type of snapback rally. Today I received a reverse signal on my indicators (although I always give it one day to whipsaw) so if my indicators stay bullish tomorrow I’ll be covering my shorts and pic...
Oversold Rally...The Largest Weekly Percentage Gain in 3 Months
Summary: oversold rally…the largest weekly percentage gain in 3 months over the past week. NASDAQ 100/S&P 500 Relative Strength Ratio remains bullish, confirmed by rising 50- and 200-day SMAs. The RS Ratio rose above 9-year highs on 6/4/10, giving a major bullish signal. The NASDAQ Composite abs...
Fresh Bullish Signals Noted
Summary: fresh bullish signals noted. The S&P 500 Equally Weighted ETF Relative Strength Ratio (RSP/SPY) rose above its 50-day SMA on 6/10/10 and so turned bullish. Absolute price of RSP closed above its 200 SMA on 6/10/10 and remains neutral. The Dow-Jones Transportation Average absolute price ...
