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The 50/200 Cross: PEP and CTV
A stock scan performed after Friday’s close for “the cross” found two stocks that might be instructive:
PepsiCo, Inc. (NYSE:PEP))
CommScope, Inc. (NYSE:CTV)
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 follow the [...]
S&P 500 Musical Chairs: WAMU
Standard & Poor’s announced yet another component change to the S&P 500 Index DOWNLOAD PDF: Washington Mutual, Inc. will be replaced by Flowserve Corporation (NYSE:FLS).
Here are the price charts for the incoming company:
Flowserve Corporation (FLS)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
Sentiment, Trading & Career Advice
The mailbag is full again:
Rakesh (September 16, 2008):
Where do you think we are in the Investor Sentiment Cycle for the US Markets? A Panic?
Teresa:
Seems like it. You can see them panicking all over the TV today!
Rakesh:
2B test of bottom on the daily s&p, naz and dow, no? Looks like a good stop run and reversal to trap shorts?
Teresa:
It’s also a 2B on the weekly, so there is time… I provided my no-holds-barred opinion earlier this week as to where we are in the Investor Sentiment Cycle.
Rakesh (03:25 PM 9/18/2008):
In your experience is extreme volatility a harbinger of [...]
Question of the Week
Forget the drama of this week for a moment. Which cornfield would you take your kids to?
This one?
An image of ‘American Idol’ television star David Archuleta titled “Archuleta 4 President” provides the design for the 13th Annual Cornbelly’s Corn Maze and Pumpkin Fest at Thanksgiving Point on Wednesday, Sept. 24, in Lehi.
Or this one?
A 16-acre corn maze near the town of Whitehouse — south-west of Toledo — has been carved in Palin’s likeness, complete with her familiar updo hairstyle and eyeglasses.
Or this one?
The Right Choices Corn Maze and Pumpkin Patch in Southwest City, MO
The 50/200 Cross: DIS and MA
A stock scan performed after yesterday’s close for “the cross” found two stocks that might be instructive:
The Walt Disney Company (NYSE:DIS)
MasterCard Incorporated (NYSE:MA)
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
WSJ.com reports, “Agreement Reached On Bailout Bill: Congress reached tentative agreement on bailout bill that approves $700 billion fund, but would pay in installments. Bush is meeting with leaders and said he hopes a deal will be reached shortly.”
Of course, Senator Shelby — who has been waving around a five-page document from famous economists against the proposal all day — just came out two minutes ago and said, “I don’t believe we’ve reached a deal.” Politics.
Meanwhile, Research In Motion missed and the stock cratered. As we wrote last week, something was not right.
In case you [...]
The 50/200 Cross: BBT and NRP
A stock scan performed after yesterday’s close for “the cross” found two stocks that might be instructive:
BB&T Corporation (NYSE:BBT)
Natural Resource Partners (NYSE:NRP)
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 follow [...]
Trading Ideas for Friday
The stock scan conducted after the close on Thursday found 22 winners and 50 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 [...]
Portfolio Strategy: Special Report
Following U.S. President Bush’s address to the nation last night (which was broadcast live on Canadian radio, no less), I sent an email to all of our members that started like this:
Please accept my apologies for intruding on your evening.
I am writing tonight in reaction to the turn of events over the past few days, from the televised Senate Banking Committee hearings to George Bush’s live speech of tonight.
While I strongly advocate holding the course for long term investments, there may be times — like right now — where it may be more prudent to take a [...]
Portfolio Strategy: Special Report
Following U.S. President Bush’s address to the nation last night (which was broadcast live on Canadian radio, no less), I sent an email to all of our members that started like this:
Please accept my apologies for intruding on your evening.
I am writing tonight in reaction to the turn of events over the past few days, from the televised Senate Banking Committee hearings to George Bush’s live speech of tonight.
While I strongly advocate holding the course for long term investments, there may be times — like right now — where it may be more prudent to take a [...]
Buffett and The Magazine Cover Indicator
While Main Street rushed to buy the yellow metal in anticipation of Apocalypse, Warren Buffet bought Gold… man Sachs, his first foray into financials since 1987 [WATCH VIDEO].
On Monday night, one of my friends alerted me to “the perfect trifecta” of magazine covers. Our discussion went back and forth because we had never seen anything like quite this before in our careers [SEE GARTMAN VIDEO].
Economist: What next for financial capitalism?
This is a black week. Those of us who have supported financial capitalism are open to the charge that the system we championed has merely enabled a [...]
Ahmadinejad and The Fable of the Bees
When Iranian President Ahmadinejad went on Charlie Rose a month ago, his appearance was drowned out by the Olympics and the Democratic convention.
He’s back, and making headlines:
“American empire in the world is reaching the end of its road, and its next rulers must limit their interference to their own borders,” Ahmadinejad said.
. . .
During interviews ahead of his speech Tuesday, Ahmadinejad blamed U.S. military interventions around the world in part for the collapse of global financial markets. He said the campaign against his country’s nuclear program was solely due to the Bush administration “and a couple [...]
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