These days it is hard for anyone to be credible when they say they know what is going to happen next. I am no different. I have a view and for now it is working but that doesn't mean it will tomorrow. I am happy to tell everyone what I think and they are free to agree or disagree.
My premise is a simple one but it isn't a happy one. So you may sleep better if you just hit the delete key now.
In my view, the problem we all face is a big one. The US like the rest of the world is over leveraged. As anyone who has ever lost their butts trading stocks on margin knows when tim
With no signs of relief from the latest round of the ongoing financial crisis and global equity market meltdown this week, the accompanying five-day chart highlights a stock and some funds registering impressive gains in the face of massive losses in former blue chips and mega-cap stocks such as AIG. Thanks to the biggest one-day gain ever for gold today, SPDR Gold Shares (GLD) lead the gainers with an advance exceeding 15% over the last five days. As investors flee to traditional safe havens such as U.S. Treasury Bon
Top 5 Companies by Largest 1-Year Stock Price Decline
After a brief, one-day rally in the financial sector following the Fannie Mae (FNM) and Freddie Mac (FRE) bailout on Sunday, companies such as Lehman Brothers (LEH) and Washington Mutual (WM) have lost over 47% and 57% of their market value, respectively, compared to a 5% loss in the Financial Sector SPDR (XLF) over the last five trading days. In contrast, the UltraShort Financials ProShares ETF (SKF) is up 6% in this ti
Top 5 Companies by Largest 1-Year Stock Price Decline
The accompanying tables present an overview of a U.S. Regional Bank Short Index of 102 companies between market caps of $500 million to $20 billion. The two worst-performing stocks were both down over 80% in the past year, including Washington Mutual (WM) and National City (NCC). The 40 lowest-rated companies in the index posted a loss of 47.6% over the past year, which outpac
A modest dip to re-test the low made recently is probable. But after that a much larger UP swing is expected. This is a BULLISH quick trade.
Upside Target: >= $126
Time Frame: About One Week Or Less
Upside Profit Expectation: $9-$11 per share, depending on your buy price limit.
It is likely that this stock will overshoot the aforementioned upside target. However, I'll be conservative and simply be satisfied with the bulk of the short-term up swing, and leave some profit on the table. If you're a day tr...
When considering if financial stocks have hit bottom first consider this research piece by Bridgewater , the worlds 2nd largest hedge fund. It doesn't bode well for the financial industry, the US Dollar, or the US economy in general. This is no time to be taking speculative positions in securities that neither you or I have the ability to analyze completely enough to make a sophisticated investment decision. In markets like these you are far better off protecting your capital than trying to catch falling knives.
We think that financials continue to go lower, but, for those that are quick on the trigger. We think that it will rest a bit before possibly continuing higher.
I started a position in SKF at $118, a 44% discount from the high of mid-July. The financials have risen 50% over the past two weeks and are just below overhead resistance at 50 EMA (See, XLF). Is the bottom in? I doubt it. I think we're bound to see more pain before the healing begins.
I bought 200 shares of SKF at $114.26 earlier this morning. Watched it go up above $120 (and thought about exiting) only to drop back down to $116.
I had no expectation of buying SKF today, and as Trade Report subscribers know, it is not on my weekly watchlist. I just could not believe how oversold the ETF is (or how overbought finacials are) and had to enter. I expect a pullback in
"Thank god for financials and homebuilders - without them my portfolio would be a disaster!"
For all those who think shorting is easy, ask the fellas who stuck around too long in Ultrashort Financials (SKF).
5 weeks of gains erased in 5 days. Even within the day today this position went from $150 to $120! Talk about an intraday reversal - a terrible start in financials, followed by a day long rally. Remember the SEC has banned naked short selling in 19 major financial firms. I did not write about this last week because frankly it makes one who follows the market for years, quite peeved. ...
SHORT OR ULTRA SHORT INVERSE Business: The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Index. exchange-traded fund incorporated in the USA <o:p> </o:p>
Bad market times are great times for stocks which bet against varies indexes in the stock market, I have compiled a list of the stocks that do well when the index does not. If you have the ability to do a lay over chart you can see tha
Comments: Egads - yet another rally in the last 30 minutes of a session? What is this 6 of the past 10 sessions a magical rally appears in the same time frame, during a market trending quickly down? All random chance I'm sure. This was a very interesting week; after sucking some serious wind last week the indexes were down most of the week but with the help of magic in the last 30 minutes Friday went from being down nearly 1% for the week to flat. Magic. Get some. I need to start selling all my short exposure every day at 3:30 PM. However, under t...
SHORT OR ULTRA SHORT INVERSE Business: The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Index. exchange-traded fund incorporated in the USA.
Bad market times are great times for stocks which bet against varies indexes in the stock market, I have compiled a list of the stocks that do well when the index does not. <o:p> </o:p>
If you have the ability to do a lay over chart you can see that the stocks listed below each index rely on that index doing
You don't want to bottom fish here
- This is no bottom. This is only the beginning of the correction. The CDS unwind is going to have a major impact and where the damage stops is impossi...
And so it begins- CDS chickens come home to Roost
- As Jim Cramer would say Booya....or is it Boohoo? Really Jimbob, that was one of the worst calls of all time. Things aren't as bad as the seem they a...
