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Posted by btr Tue, 17 Apr 2007 04:00:00 GMT
It will have to test the previous high first. We might see a breakout from this ascending triangle. So the resistence is at 12,845 and then 13,000 if it breaks out.
Posted by btr Thu, 01 Mar 2007 03:16:00 GMT
Dow Jones Industrial has broken its uptrend line. It will likely test the major support area at 12,000.
Tuesday’s big drop was the first in a few years.
Welcome to the "bear-cession." Not all bear markets have been caused by or accompany recessions but 2008 is clearly a year marked by both turmoil in the stock markets and the broader economy. more
Tom Lydon more
You’ll recall my bragging about the buy signal in the Ultrashort Financials (SKF) at $169 after it closed above $260 just three days later. SKF traded above $300 the next day and then reversed, collapsing to around $110 over the next week. The entire time my model said “sit.” T more
The defeated governor, Anibal Acevedo Vila, of the Partido Popular Democratico (PPD), ran for re-election despite his indictment by federal prosecutors for alleged fraud relating to the funding of his 2000 campaign for the post of resident commissioner in the US (which he held from 2000-04). The iss more
Good morning. Following the fourth-sharpest point decline in the Dow ever, premarket futures are showing a positive bias. Frankly, it's been difficult to understand why the premarket futures are in rally mode other than for the big loss yesterday. Along... more
We must ensure that banks continue to lend and also that core markets are kept continuously open, writes Mark Carney more
Treasury Secretary Paulson is debating whether to ask Congress for the second installment of the $700 billion rescue package. more
In times like this, it's always good to get back to the basics, so I thought I'd post a few basics of stock market investing for the self investor just starting out. Note that some of these go against the conventional wisdom of Wall St, such as the buy and hold mantra. It shoul more
Jordan, not Jimmy, was on CNBC on Monday morning before the open. It wasn’t what he said, but how he said it. Wins the award for the number of market cliches that can be packed into one interview. Hands down. Don’t Fight the Fed [WATCH VIDEO] The huge amount of market intervention fro more
Here’s another video (previous videos here) of one of the trading robots for use with Trade-Ideas. In this one, Jamie uses a few arb strategies and pulls 8.5 points out of the market in about 15 minutes. Not bad for just a few minutes of trading! This underscores one of the many reasons to [ more
On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. Also be sure to check my typical swing trade entry more
Asian stock markets started the week on a soft note amid mounting concerns about the outlook for economic growth in region more
The holiday season has arrived, and with it comes self-reflection, writes Todd Harrison. more
As the bear market becomes situation normal, successful investing has become more a matter of "my stocks are down less than your stocks." But should it be? The old adage is that any fool can make money in a bull market and we saw that writ large over the past couple of years. Making money in today's more