When will the American people get off this roller coaster!! The big banks want us in debt and they have concocted this method of credit scores to keep us under their thumb. UNITE PEOPLE!!!! STOP THE INSANITY!!! TEAR UP YOUR CREDIT CARDS AND LIVE WITHIN YOUR MEANS. PUT YOUR NEEDS FIRST AND YOUR WANTS SECOND!!! My credit score is down the crapper. SO WHAT!! IT'S NOT THE END OF THE WORLD. I'm contented with my life without credit. Isn't peace and contentment worth something?!!
drcha Thanks for your comment. May I ask what you found enticing in the article that perhaps all of us need to including in our trading? Also if you need any specific article from the reference, let me know, I might be able to get it for you. Cheers!
All the news you need to read to be caught up on the happenings in the DTO. KALW reports on decades-long efforts to make Chinatown more vibrant and pedestrian-friendly. The Oakland Tribune reminds us of an ill-fated proposal to gut the Fox and Paramount theaters, and remove several historic buildings, to create a movie multiplex.
<b>Market Slice for week 23.Aug.2010 to 27.Aug.2010</b> Buy Aggressively Buy Cautiously <b>Hold/Wait</b> Sell Cautiously Sell Aggressively (the highlighted option is my current sentiment) <u>S&P-500 Daily % Change:</u> <b>Fri, 27.Aug: 1.66%</b> <b>Thu, 26.Aug: -0.77%</b> <b>Wed, 25.Aug: 0.33%</b> <b>Tue, 24.Aug: -1.45%</b> <b>Mon, 23.Aug: -0.40%</b> <u>No. of Stocks above 40 EMA*</u> <b>Fri, 27.Aug: 38%</b> <b>Thu, 26.Aug: 23%</b> <b>Wed, 25.Aug: 26%</b> <b>Tue, 24.Aug: 21%</b> <b>Mon, 23.Aug: 26%</b> <u>No. of New Six Month (26 weeks) Highs*</u> <b>Fri, 27.Aug: 63</b> <b>Thu, 26.Aug: 42</b> <b>Wed, 25.Aug: 28</b> <b>Tue, 24.Aug: 29</b> <b>Mon, 23.Aug: 61</b> <u>No. of New Six Month Lows*</u> <b>Fri, 27.Aug: 159</b> <b>Thu, 26.Aug: 94</b> <b>Wed, 25.Aug: 407</b> <b>Tue, 24.Aug: 482</b> <b>Mon, 23.Aug: 172</b> *The stats above were calculated on the top 3000 stocks by liquidity(not market cap).
Happy Monday! If you look at the last post and observe the metric of the number of stocks above the 40 Day EMA, you will observe that the Fri action was a strong buying day. Again, let us not get excited, but we would like to see similar buying early net week for us to feel a little comfortable going long. Historically the month of <b>Sep</b> has always been weak or dull for equities. Thus we will have to take that into account as well. Some stocks are showing very good signs having held up well during the downturn. They will be the first ones to make bullish moves. I will post my watch list at the end of day today. Have a Great Week!
thanks for your post here, When I hear comments like Maria's, I know it is time to sell as CNBC is very good at being late to the party, and her comments had me running to the computer to pull up the chart. From an intermediate term perspective, this is probably the case; KRE has run into resistance and we can see this on the weekly chart. See figure 1. Resistance comes in at 25.22, which is a key pivot point. Thursday's high was 25.09. In this difficult tape, I would expect KRE to struggle at these levels. In other words, a pullback should be expected before moving higher.
<b>tradingtechnolo</b> Thanks for your post. Please post as often as you can. I stopped viewing CNBC in Oct, 2009. I have seen a remarkable improvement in my trading since then. In fact I have disconnected my cable tv just to make sure I don't support them in the tiniest of ways. Cheers!
Mon was not a good day. Most of the recovery from Fri was lost back. But on the inside the volume was the <b>LOWEST</b> in 2010. The money flow which was primarily outward was also very low. Thus the action in the next two or three trading days could set a trend. Let us not make any rash decisions and WAIT for a trend to begin.... Cheers!