Feast or Famine
Retail numbers didn’t fail to disappoint the market this morning, to the downside that is. I must say that I really thought these numbers were already discounted in this market. Everybody knew that people suddenly became...
Read MoreAuthor: Jeff Pierce
Strongest Asset Classes
This will give you a good idea in deciding which pool to play in going into 2009, unless your a value investor. In that case you should be loading the boat with Japanese stocks. clipped from...
Read MorePopulation Figures
I found this pie chart interesting to really get a clear sense of where the world’s population stands at the moment divided up between the many nations. China and India account for almost half of all people on Earth so...
Read MoreErasing Yesterdays Losses
Huge buying pressure today erasing yesterdays big negative market internals. We had a 91% upside volume day with only 9% of the volume being to the downside. Given that this move was on the heels of such a negative more...
Read MorePETS – Stock to Watch
People are still finding money to spend on their pets despite the market meltdown. PETS is in a week three breakout of a cup/handle pattern with excellent volume to back the...
Read MoreMore Holiday Cheer Coming?
I’m going to let the charts speak for themselves tonight as all of the trend lines I just highlighted are going to be very obvious to most traders by this evenings conclusion. Now I’m not saying that these...
Read MoreHuge Turnaround
What a difference a few hours makes. Massive buying across the board fuels a trading rally that covers nearly 1000 points. What will we all do next year when this volatility goes away and we get excited over 100 point moves in...
Read MoreConglomerates Are the Weakest Link
GE MMM UTX LUK RTN FO to name a few. clipped from www.finviz.com
Read MoreBreakdown on Dow
Break through lower trend line invites a revisit to the lows around 8k. Nothing is a given with this market, however the overseas markets are awash in red and the futures are all pointing lower. The NASDAQ & SPX are all at...
Read MoreWatch Gold/Dollar For Clues
One thing I’ll be watching tomorrow is to see if gold forms a double bottom at these levels and bounces higher. It would be optimal for a gap down at the open, followed by a steady stream of buying during the later a.m....
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