Archive | April, 2009

The Daily Digest for Thursday

Today was an important day in that the 4/17 swing high was taken out, triggering the stop loss of many traders that were short (and perhaps luring in some “breakout” longs). Unlike the results of the pending bank stress tests, a test of top is a pass/fail affair, so we’ll see shortly if Art Cashin is right or wrong.
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Correlation and Volatility for Thursday

Use this correlation matrix to track short-term movements in asset classes found in our model portfolios. Daily and weekly volatility analysis helps to identify extremes.
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Hedge Ratios for Thursday

These are the hedge ratios for ETFs found in our U.S. Dollar model portfolios.
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Parsing The FOMC Statement

The FOMC issued a statement after the two-day meeting. I didn’t get a chance to inspect the language up close yet, but one person who thinks that the crocuses and green shoots will not amount to much is Niall Ferguson, guest of Fareed Zakaria GPS last weekend.
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Market Barometers for Thursday

Let's take a look at the 52-week new high/low statistics and the number of buy and sell signals generated by InVivo Universal Stops amongst the constituent stocks of the S&P 100 and NASDAQ 100 indexes to see what the market says. For weekly analysis of current market conditions, please tune in to our latest podcast for premium members.
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Trading Ideas for Thursday

The stock scan performed after the close found 214 winners and 12 losers. They have been ranked along with 300+ ETFs, all S&P 100/NASDAQ 100 Index constituent stocks and 60 optionable indexes. Stop losses are included.
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COIN – Converted Organics Inc. (update)

We reviewed Converted Organics Inc. for premium members on January 15, 2008. In view of current price action, the original article is being reprinted and made available in the Knowledge Base for educational purposes.
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MU – Micron Technology, Inc.

A scan for the popular “50/200 cross” trade setup performed after Tuesday’s close found an upcross for Micron Technology, Inc. (NYSE:MU).
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