It's getting ugly now
Posted by btr Sat, 04 Aug 2007 02:49:45 GMT
The reversal we were talking about came after all.
13,000, well a round number, is the major support. We will see if Dow Jones can hold itself, but the drop today is ugly.
Articles
Dow to reverse?
Posted by btr Sat, 07 Jul 2007 02:55:00 GMT
It’s forming a triple top, likely reversal?
However, QQQQ broke out but the lighter than average volume makes the breakout less convincing.
Market News And Commentaries
Updated at Wed Jan 23 16:30:02 CST 2008
- Captain's Blog, Stardate: 11/30/07
MARKETS: Deep Blue says: "The subprime problem we were told would not spread to other markets. It would be 'contained'. And it has, according to Jim Grant. Contained on planet Earth." (Ha Ha!) This is a Jim Grant kind of time now, right?....And indeed the subprime melt really has spread everywhere: more
Source: Market, personal finance, media, and technology expert commentary - CNNMoney.com
- US stocks recover despite criticism of Fed
The financial markets, business leaders and economists took a pessimistic view of the likely effect of the dramatic US interest rate cut, although Asian stocks bucked the losing trend and Wall Street recovered in late trading more
Source: FT.com - Asia Pacific Equities Market Data
- Broadband ETF Hits Low
Tuesday was a brutal day for Wall Street and the exchange traded fund (ETF) Broadband HOLDRs (BDH) was given no mercy. The ETF fell to its lowest level in more than four years, weighed down by weal link Motorola Inc.... more
Source: ETF Trends
- A new bolivar for Venezuela
Venezuela's new currency will not cut inflation
 -- EBay Inc. said late Wednesday that fourth-quarter earnings jumped 53% thanks to strong holiday sales, but the online auctioneer also issued a forecast for the current year that fell below Wall Street's expectations.
<a target='new' href='http://www.marketwatch.com/enf/rss.asp?guid={07A2B190-88C5-427A-833F-21305963A6D3}&siteid=rss&rss=1'>more</a></p></dd><div class='source'>Source: MarketWatch.com - Top Stories</div></dl>
<dl class='c1 left clear gutter-right'><dt>Fed to the Rescue, Capitulation Day But BE PATIENT</dt><dd><p>Whenever you have extreme moves in the markets, emotions run high. You can see that clearly in a quick run through the blogosphere. When the overseas markets began selling off and our own US futures sold off in tandem, the web was a buzzin. Trash talking ensued from those who have <a target='new' href='http://selfinvestors.com/tradingstocks/weeklyafter-stock-market-review-archives/fed-to-the-rescue-capitulation-day-but-be-patient/'>more</a></p></dd><div class='source'>Source: Trading Stocks - Self Investors</div></dl>
<dl class='c1 left'><dt>Wall Street ends higher as financials rally</dt><dd><p>NEW YORK (Reuters) - Stocks ended sharply higher on Wednesday, snapping a five-day losing streak on optimism that regulators will keep afloat the biggest bond insurers and ease concerns about the outlook for the financial sector.
<a target='new' href='http://feeds.reuters.com/~r/reuters/businessNews/~3/221583685/idUSN2234446120080123'>more</a></p></dd><div class='source'>Source: Reuters: Business News</div></dl>
<dl class='c1 left clear gutter-right'><dt>Another Gap Faded - Impressive</dt><dd><p>I don’t think anyone could have predicted at, say, 12:40PM ET that the opening gap in the Qs would have been filled by the end of the day. That was even more impressive than yesterday’s fade. Look at the vertical blue line in the chart below - could you have predicted what ha <a target='new' href='http://feeds.feedburner.com/~r/stocktickr/~3/221862255/'>more</a></p></dd><div class='source'>Source: stocktickr blog</div></dl>
<dl class='c1 left'><dt>How Lower U.S. Rates Affect Asian Markets</dt><dd><p><img src='http://seekingalpha.com/wp-content/seekingalpha/images/enziovonp.jpg' alt='Enzio von Pfeil' width=)
Complete Story » more
Source: China Stocks News and Analysis from Seeking Alpha
- Investing & Trading Lessons: Part II
When members were asked "What would you say is the most important thing you've learned about investing and/or trading in 2007?", this is how they responded: Being a risk manager is more important than being a good stock picker Suspect... more
Source: The Kirk Report
- Watchlist for January 23, 2008
Here we go again. The futures are getting clocked thanks to Apple and another round of rumors & worries about bank write-offs. I figured yesterday’s lows would have to get retested but I didn’t think it would be this quick. There’s no gap fade in my plans today. Maybe I&# more
Source: Trader Mike
- Wednesday Market Digest
Seems like the “I Told You So” crowd is out in full force: stocks must be close to some kind of tradeable bottom. Jeremy Grantham is growling over at Bloomberg. WSJ reports, “Stocks Show Classic Bear Signals“, and quoted Paul Desmond and Hans Utsch amongst others. Dave Tic more
Source: Teresa Lo | InVivoAnalytics.com
- Advantage Australia
Source: Daily Options Report
- A 'short' look at Proshares ETFs
Source: BlogginWallStreet
- One Trading Idea for Wednesday, January 23
The box came up with one long idea for Wednesday, January 23. Yesterday’s long would have triggered and filled, which is unfortunate because it immediately traded lower and looks like it will stop out given the Apple news. If it does stop out it will be the thirteenth loss on a long position more
Source: Maoxian
- Stocking Soaring into Final Hour on Strength in Financials, Retail, Homebuilding and Airlines
Source: Between the Hedges