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Disorderly Prices? No Problem!
Did you ever think it possible that conservative Republicans would end up suggesting a “free market alternative” plan that tosses out market prices? Looks like Rep. John Culberson gets his way [WATCH VIDEO].
Politicians in Europe like it too. Finally, a solution to please left and right, but will taking the path of least resistance meet with the approval of the people?
Can’t wait to see hedge and mutual funds cite “distressed or forced liquidation sales are not orderly transactions” as a reason to mark UP bad investments and stupid trades. This will sure come in handy [...]
Portfolio Strategy for September 30
Over the weekend, we officially released swing trading tools for TradeStation 8.x. We also added two more eSignal EFS files so that members from Canada can use the S&P/TSX 60 and S&P/TSX Venture Composite Indexes as benchmarks. We already offer tools for the S&P 500, NASDAQ 100, Russell 2000 and the DJ EURO STOXX 50® indexes.
Those interested in intraday futures and stock trading might wish to take a peek at Prologue for TradeStation.
Action for Today
The core portfolio allocations were adjusted today. Satellite portfolios were last adjusted on September 29, 2008. The August/September portfolio review [...]
Portfolio Strategy for September 30
Over the weekend, we officially released swing trading tools for TradeStation 8.x. We also added two more eSignal EFS files so that members from Canada can use the S&P/TSX 60 and S&P/TSX Venture Composite Indexes as benchmarks. We already offer tools for the S&P 500, NASDAQ 100, Russell 2000 and the DJ EURO STOXX 50® indexes.
Those interested in intraday futures and stock trading might wish to take a peek at Prologue for TradeStation.
Action for Today
The core portfolio allocations were adjusted today. Satellite portfolios were last adjusted on September 29, 2008. The August/September portfolio review [...]
Observations and Market Sentiment
It was a nice day for stocks, but not so good for bonds. Citizens are outraged as the credit markets brace for the European chapter of what Bob Pisani calls The Great Credit Meltdown.
It’s also interesting to note that bloggers and TV commentators are calmly putting money to work, citing that the VIX has only been “this high before” a few times. Well, let’s not forget that during the Crash of 1987, the original VIX went as high as … 172.79!
As consensus builds toward the Republican-floated “free market alternative” of simultaneously increasing the [...]
Observations and Market Sentiment
It was a nice day for stocks, but not so good for bonds. Citizens are outraged as the credit markets brace for the European chapter of what Bob Pisani calls The Great Credit Meltdown.
It’s also interesting to note that bloggers and TV commentators are calmly put money to work, citing that the VIX has only been “this high before” a few times. Well, let’s not forget that during the Crash of 1987, the original VIX went as high as … 172.79!
As consensus builds toward the Republican-floated “free market alternative” of simultaneously increasing the [...]
The 50/200 Cross: CHTT and POT
A stock scan performed after the close on Monday for “the cross” found two stocks that might be instructive:
Chattem Inc. (NASD:CHTT)
Potash Corp. (NYSE:POT)
The 50/200 “Cross”
The thesis goes something like this: the up or “golden” cross (50-day MA moves above 200-day MA) is supposed to be bullish while the down or “death” cross (50-day MA moves below 200-day MA) portends to weakness.
What you should do with these ideas are up to you. While we personally don’t trade based on this criteria, it always good to watch to see if traders take action. Quite often, the best trades [...]
Observations and Market Sentiment
Oh boy, the 10 o’clock news will be something tonight!
The populace got what it wanted today: no “Wall Street bailout”, TARPedoing $1.4 trillion of market cap in the process.
Ron Paul got what he really wanted today too: a shot at Maverick Economics (scroll down to read text). Check out the video of Rep. John Culberson discussing the “free market alternative.”
During the vote, CNBC interviewed someone on the floor named Steve, who said, “Perception is reality. . . Wall street is Main street.” But apparently, Main Street does not believe it…yet. [...]
Biotechs: Buy The Big Dip Phase?
The majority of market participants are talking doom and gloom: financial Armageddon has seized the mindset of the average investor. They are acting like the proverbial frozen deer in front of oncoming car headlights.
Please remember: while history has shown that a sound investment plan based on a diversified portfolio will serve you better, if like trading your mad money, then you must do your homework.
While reviewing our ETF watchlist, the biggest outperformers lately have been short-oriented ETFs. There was one area that investors have been bullish during these gloomy times: Biotechnology.
Let’s take a closer look at the [...]
Portfolio Strategy for September 29
The big event for this coming week will be the vote on the proposed rescue package. The wild ride in the market continues to serve as a showcase for diversification and illustrates in real time the reasons why investors should consider it THE first line of defense to hedge any portfolio.
What We Are Doing For Members
Last week, we implemented reporting of preliminary target allocations for our model portfolios based on data available at 3PM Friday and to expect to continue on a permanent basis.
Over the weekend, we officially released swing trading tools for TradeStation 8.x. We also [...]
Portfolio Strategy for September 29
The big event for this coming week will be the vote on the proposed rescue package. The wild ride in the market continues to serve as a showcase for diversification and illustrates in real time the reasons why investors should consider it THE first line of defense to hedge any portfolio.
What We Are Doing For Members
Last week, we implemented reporting of preliminary target allocations for our model portfolios based on data available at 3PM Friday and to expect to continue on a permanent basis.
Over the weekend, we officially released swing trading tools for TradeStation 8.x. We also [...]
Observations and Market Sentiment
As we go to press, news of the proposed rescue package is all over the news. [FULL TEXT]
While Larry Summers obviously had his analysis in the can prior to the announcement, what remains to be seen is how many house Republicans will vote for the deal tomorrow given the “bailout revolt” from their constituents. [MORE]
I have no idea how the proposal will affect frozen credit markets. As one of my friends said last week, the “bottom line is that you’re not going to trade with someone or lend them money if you don’t know that they’ll be [...]
Trading Ideas for Monday
The stock scan conducted after the close on Friday found 27 winners and 115 losers:
VIEW THE SPREADSHEET online and if you wish to save it to your own computer, click File > Export.
Using The Scan
The stock scan is designed to find stocks that are currently in play; criteria includes price movement, range and liquidity (500,000 shares on the day, 20-day average volume of 1.5 million shares).
By ranking and sorting the entire list according relative to performance against the S&P 500 and the NASDAQ 100 indexes, stocks with the most upside price momentum will rise to the top [...]
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