Even if we're all a little punch drunk from the market's '08
directional changes, a close look at the tea leaves now shows a pattern
of recovery. I see the market strengthening and its bounce from the
bottom accelerating.
4/21 - "On the daily (SPY) chart, notice the following:
-- From the bigger picture perspective, we are still in the middle of two bear market pennant patterns.
-- Prices are still below the 200 day SMA
-- The 10 and 20 day SMA are both increasing
-- The 10 and 20 have crossed above the 50 day SMA
-- Prices are higher than the shorter SMAs (10, 20 and 50), which will pull these averages higher.
-- Volume is still low"
"On the QQQQs chart, notice the following:
-- Prices are still below the 200 day SMA
-- Prices are higher than the shorter SMAs
-- The 10 and 20 SMA crossed over the ...
"Gloom is thick enough to cut with a knife," says market historian and seasonal timing expert Sy Harding, whose timing system has just triggered a new intermediate-term buy signal on stocks. Here, in his Street Smart Report, the contrarian explains why he believes we are now near a market low.
He also looks at four new ETF index positions he has established in his portfolio. "The slowdown continues. Foreclosures soar. Debt problems are spreading to corporate and credit card loans. The housing collapse co
The Nasdaq 100 is setting up for a nice charge higher. I believe downside risk remaince 3-5% but upside is 10%. Look for us to form a bottom here and rally on deeply oversold conditions and trendline support on longer term charts.
The investment is a unit investment trust designed to correspond generally to the performance, before fees and expenses, of the Nasdaq-100 index. The fund holds all the stocks in the Nasdaq-100 index, which consists of the largest non-financial securities listed on the Nasdaq Stock Market. The fund issues and redeems shares of Nasdaq-100 Index Tracking Stock in multiples of 50,000 in exchange for the stocks in the Nasdaq-100 and cash.
This weekend i needed to figure out just how much prices were going to correct. i needed to figure out where they'd be correcting most, and where i should advise people to place their money while the markets tanked.
i looked at the 10 year charts for the COMPQ, SPX, INDU, RUT, and the SOX. out of the 5, the SPX and the INDU are both at levels as high as they were back in 99-00 right before the markets crashed. the INDU is a bit higher. the RUT is roughly 20-25% higher than it was at the time. this is big. i suspect the RUT to be hit the hardest. the COMPQ and the SOX aren't nearly as i...
If you read my initial warning of the nasdaq a week or so ago, you could've easily avoided yesterday morning's correction. There are two things that can occur at this point. I'm sure that we'll gain a little to the upside, but in doing so we may begin a downtrending pattern on the weekly chart. this has significance because it would indicate that the equities market is going to tank hard again. when? i cannot say. One thing is for sure, i am uncertain of many things regarding the equities market. when i am uncertain, i feel much more comfortable sitting in cash. I advise people to do the sa
i think i was wrong to remove my sentiment on direction for the nasdaq so soon. i'll leave this one up as a long term sentiment. markets will probably make a short-lived come back from a technical correction, but i sense the bernanke's talks this week will mention higher interest rates. commodity prices are rising and stagflation can be seen in the local news. watch for thursday and trade with caution. bernanke is no where near the level of greenspan, but he is still our top man up there.
as i write this, physical gold i sup almost $6 in the spot. i'll be trading up and down price movement...
This morning the markets screamed bloody murder. if tomorrow is another day like this, it would be fair indication that we will see an overdue correction in the markets soon. Lots of reports coming out this week. the speech i'm waiting for is on thursday, when Bernanke addresses the House of Financial Services Commission. I am also very closely watching the price of light sweet crude because it is due for a come back soon as well. Should reports fall negative this week and oil rise, we're going to see a bigger correction, prob around 50+ to the nasdaq.
NASDAQ Update: 4:20 AM NYC time, February 28th: Just a quick note to mark an important day, the end of an era, the death of an old bull market. Indeed, yesterday marked, with a grand finale that nobody could miss, the end of the 1,599-day (4.37-year), 1,423-point (128%) rally in the NASDAQ.
Click here to see chart analysis and read rest of post: <a href=http://blogjam.typepad.com/blogjam/2007/02/the_day_the_bul.html target=_blank>cubetrader.com</a>
QQQQ, this tracking stock is made up of the top 100 performing non-financial stocks of the NASDAQ. We are seeing peaks not seen since '02--Im thinking "hold" as of Nov. '06. Things could pick up quite well around the holidays though. If you were smart and got in on this trust around July or August I would consider selling.
Trading exit strategy
- The true skill comes into play with the exits. Knowing when to take a loss and when to hang on to your profits. “ Know when to hold them and know whe...
Is this the end of bull market?
- It seems like the market has been bearish for the past week. It has rebounded a bit this week, but doesn't seem quite optimistic. Is this the end of bu
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About NASDAQ 100 Trust Series I
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