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The 50/200 Cross: RL
A stock scan performed after the close on Thursday for “the cross” found one stock that might be instructive. There were no ‘golden crosses’ with today’s market action:
Polo Ralph Lauren Corporation (NYSE:RL)
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.
Polo Ralph Lauren (RL)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
RL is in the apparel/accessories industry. They will be announcing earnings [...]
S&P 500 Musical Chairs: J.M. Smucker
Standard & Poor’s announced a component change to the S&P 500 Index. The J.M. Smucker Company (NYSE:SJM) will replace Terex Corporation (NYSE:TEX).
Building Your Investment Portfolio, Part 9
Brett Arends says Now’s the Time for a Portfolio Do-Over. No doubt, many investors could use a new start, but where should they begin?
Matching Asset Classes with Wealth Levels
David M. Darst is Chief Investment Strategist for Morgan Stanley’s Global Wealth Management Group. In The Art of Asset Allocation, he made a case for matching asset classes to wealth levels and income needs.
He wrote, “As investors progress through the main stages of wealth creation and wealth realization, their needs and concerns evolve, as does the array of asset classes appropriate for their investment portfolios. This [...]
What The Market Says for Friday
Today was vocabulary day. Hat tip to Michael for finding a cool blog by Macro-Man, who used the word execrable. That’s the sort of word being used on Greenie these days, but I digress. Macro-man, like all good London traders, blogs anonymously, but he’s seems to be the real deal, especially for writing Back in Black.
Commentators marveled at the recent drop in Libor rates all day, but after the close, it became apparent that the pressure came off not because banks trust counterparties more than they did last week; rather, they are all trading with the central [...]
Trading Ideas for Friday
The stock scan conducted after the close found 25 winners and 17 losers.
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).
VIEW THE SPREADSHEET online and if you wish to save it to your own computer, click File > Export from Google Docs.
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 [...]
Will First Solar (FSLR) Burn Bulls?
First Solar, Inc., (NASD:FSLR) a beloved company for those investors bullish on solar announced earnings that created some positive buzz for their shareholders.
The headlines below tell us that FSLR management is bullish about their business and the potential growth in the residential market while Wall Street analysts are positive on the company’s future prospects. The only shop that is being cautious is Goldman Sachs.
S&P 500 Musical Chairs: Wisconsin Energy
Standard & Poor’s announced a component change to the S&P 500 Index. Wisconsin Energy Corporation (NYSE:WEC) will replace MGIC Investment Corp. (NYSE:MTG).
Wisconsin Energy Corporation (WEC)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
The 50/200 Cross: WU
A stock scan performed after the close on Wednesday for “the cross” found one stock that might be instructive. There were no ‘golden crosses’ with today’s market action:
The Western Union Company (NYSE:WU)
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.
The Western Union Company (WU)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
WU is in the global money transfer industry. WU announced [...]
Observations and Market Sentiment
The FOMC lowered rates as expected today but I’m surprised that the following paragraph of the FOMC Statement didn’t get more airtime:
Recent policy actions, including today’s rate reduction, coordinated interest rate cuts by central banks, extraordinary liquidity measures, and official steps to strengthen financial systems, should help over time to improve credit conditions and promote a return to moderate economic growth. Nevertheless, downside risks to growth remain.
Is the world converging to state capitalism? I mean, it’s getting really hard to differentiate between actions taken in Washington from those in London, Berlin, Beijing and Moscow. Reuters reported that [...]
Observations and Market Sentiment
The FOMC lowered rates as expected today but I’m surprised that the following paragraph of the FOMC Statement didn’t get more airtime:
Recent policy actions, including today’s rate reduction, coordinated interest rate cuts by central banks, extraordinary liquidity measures, and official steps to strengthen financial systems, should help over time to improve credit conditions and promote a return to moderate economic growth. Nevertheless, downside risks to growth remain.
Is the world converging to state capitalism? I mean, it’s getting really hard to differentiate between actions taken in Washington from those in London, Berlin, Beijing and Moscow. Reuters reported that [...]
Focus on United Airlines, UAUA
We challenged readers to identify the trade setup on UAUA in our last post.
Name This Trade Setup
Well, membership has its rewards, so here is the answer. Instructions on how to position using an option spread is included.
Trading Ideas for Thursday
The stock scan conducted after the close on Wednesday found 5 winners and 12 losers. In case you missed it over the weekend, our latest weekly ETF Rankings are now online.
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).
VIEW THE SPREADSHEET online and if you wish to save it to your own computer, click File > Export from Google Docs.
By ranking and sorting the entire list according relative to performance against [...]
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