2008.02.25 @ 4:32 PM Eastern | LINK | 0 Comments
The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.
Want more ideas? Get your All Access Pass to our research.
[TABLE=97]
2008.02.25 @ 3:05 PM Eastern | LINK | 0 Comments
People like to think that they can find useful financial information on the web, but there is a lot of what amounts to censorship going on in the name of business.
Felix Salmon summed up one end of the problem, while we here know all too well about the other end where “competitors” refuse to tip the hat and embargo information to the best of their ability.
For example, we wrote about Yale Crash Confidence Index on February 14, 2008. Charles Kirk made it one of the links of February 19. Bespoke rehashed it today [...]
2008.02.25 @ 10:30 AM Eastern | LINK | 7 Comments
After completing Part II of Build Your Own Trading System, I spent nearly a week contemplating Part III. In the end, I realized that I was stuck. There was just no way to dumb it down.
Over the past ten years, I have answered untold thousands of emails. My general impression is that over time, particularly over the last two years, Main Street has developed extremely high expectations for trading.
Infomericals, system vendors and Forex brokers attract novices with get-rich-quick schemes; people really believe that a trading system can be pointed at anything in [...]
2008.02.25 @ 9:30 AM Eastern | LINK | 0 Comments
The financial media has been bombarding investors on a daily basis with bullish reporting on gold for the past month or so. Reading the paper, you would think that there is no reason to consider investing in anything else because “$1,000 gold” is in the bag.
Is gold the best performer since the January “breakout”? Let’s take a closer look at the streetTRACKS Gold Trust (ETF) (NYSE:GLD) and put things in perspective.
We applied InVivo.Stops for TradeStation 8.x to the daily chart along with the widely-watched 200-day moving average. The InVivo.RMI paintbar study quickly identifies performance. We have [...]
2008.02.23 @ 1:33 PM Eastern | LINK | 0 Comments
I am catching up on some reading this morning. The February 11 Barron’s interview with Jeremy Grantham was finally reprinted yesterday:
In the fourth year of a presidential cycle, where you have a lame-duck president, the typical pattern of S&P 500 performance has been something like 10% below the normal long-term average (a 5.2% gain, inflation-adjusted), and worse if it is an overpriced market. A first year is never very pleasant: They average about 3% below normal. If they are overpriced, they do four points worse than that.
But if the party in power changes, first years tend to be [...]
2008.02.22 @ 4:41 PM Eastern | LINK | 0 Comments
The day was devoid of economic data. Stocks drifted lower after Merrill Lynch downgraded Fannie Mae and Freddie Mac to a sell.
The big news came near the end of the day when Charlie Gasparino broke a story that a bailout for Ambac may be near. Broad equity indexes rallied to close in the black, presumably on short-covering.
It’s interesting how stocks are now being characterized by market strategists as “risky assets” to be approached with caution [VIDEO]. Of course, they weren’t thinking about that at the top when it seemed like such a [...]
2008.02.22 @ 4:24 PM Eastern | LINK | 0 Comments
The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.
Want more ideas? Get your All Access Pass to our research.
[TABLE=95]
2008.02.21 @ 4:43 PM Eastern | LINK | 0 Comments
U.S. stocks popped at the open but dropped on a worse-than-expected Philly Fed number: “The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, fell from -20.9 in January to -24.0 this month. Forty percent of the firms reported no change in activity from January, but the percentage of firms reporting decreases (42 percent) was substantially greater than the percentage reporting increases (18 percent).” More at WSJ Real Time Economics.
CNBC fanned the flames under gold by interviewing Barrick CEO Greg Wilkins and Goldcorp CEO Kevin McArthur on the same day. Reminds me of the John [...]
2008.02.21 @ 4:42 PM Eastern | LINK | 0 Comments
The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.
Want more ideas? Get your All Access Pass to our research.
[TABLE=93]
2008.02.20 @ 4:48 PM Eastern | LINK | 0 Comments
Commodities continued to be in the spotlight today.
The news was full of “new era” stories, complete with confident projections of ever-higher oil prices and base metal consumption by China to the potential for a global famine.
Those in the habit of thinking diabolically might see the gold chart as a test of top just like oil, while platinum might be a spike top as wheat forms a surprise bear flag. In the meantime, the major U.S. equity indices remained locked within narrow trading ranges.
It’s incredible, really. Without the FOMC minutes, one would have never known [...]
2008.02.20 @ 4:30 PM Eastern | LINK | 0 Comments
The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.
Want more ideas? Get your All Access Pass to our research.
[TABLE=92]
2008.02.20 @ 2:27 PM Eastern | LINK | 0 Comments
Suntech Power Holdings Co (NYSE:STP) is one of today’s losers after the company said “it expects first-quarter revenue to miss analysts’ estimates, partly due to seasonal slowness.”
Let’s take a closer look at recent price action, identify and walk through the key phases of the Sentiment Cycle to see if investors could have avoided this downside action.
We applied InVivo.Stops for TradeStation 8.x to the daily chart along with the widely-watched 50-day and 200-day moving averages. The InVivo.RMI paintbar study quickly identifies the transition from outperformance (green) to neutral (yellow) to present underperformance (red) relative to the market since [...]