Bear Market Archive
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Welcome to the Bloodbath
With the stock market taking technical support levels and the Dow 300 points down it is safe to declare that the market foresees another recession. F_____ng politicians playing games with families. Unemployment is increasing and they play their mindless games with the economy of this country. I have been establishing long positions in Gold and [...] -
The World is Coming to an End. Why am I not Afraid?
The stock market is stealing everybody’s earnings lately (even mine). The stock market slump has been fast and brutal. Its current six week decline is the longest since 2001 and that is saying a lot. I will be watching the SP-500 1250 levels. If that level does not hold I will become a perma-bear and [...] -
50% Retracement in the Stock Market Indexes is Possible
There is synergy in all the indexes. As shown in the following charts, there seems to be agreement between the 50% retracement line and areas of support. We guess that is where we are headed. A month ago we saw problems but we were way too early to go short. The indexes broke the ascending [...] -
Smoke and Mirrors
The stock market proved one thing today: It needs more buying force to power through May 2010 resistance levels. Before we go all cumbaya about today’s gain, we wait patiently… Tomorrow will be another day. We will be watching. Fin Picture source -
Something is Off
A quick stock market note: The FAZ (triple short financial etf) is down and the overall market is down. There is some strange disconnect there. We warned about churning in some recent post. We guess that with the financial leadership missing, the market could correct. The market needed a breather anyway. Tighten your stops and [...] -
Stock Market Update for July 8, 2010.
We have not gone anywhere. We refuse to look at the markets in a monolithic way. We found out that one of our trading systems was broken. Upon further investigation we found that the parabolic entry we were using was dampening our results. In addition, we decided to replace our volatility stop with a parabolic [...] -
Investors.com Stock Market Wrap Video
We will refer you to Investors.com for a good analysis of yesterday’s market action. Their stock market status is “market in correction”. We theorize that argo (high frequency trading) machines are making everyone seem like dufuses by bidding down past the pivot points that technicians are seeing. Because the stock market indexes broke recent support, [...] -
Stock Market under Pressure
According to the Investors Business Daily the stock market is still under pressure. The NASDAQ closed below the 200-day moving average today. I got a long signal on the QID etf last week. If you are going long, tighten your stops and thread with caution. Some of my short positions are still working and some [...] -
School Stocks
Yesterday, we profiled ESI as a school stock with a bullish reversal pattern. Today, we got buy signals on two additional school stocks, Corinthian Colleges (COCO) and Strayer (STRA). Usually, stocks tend to move in groups. In addition, the leader of the group moves first, then the laggards of the group tend to follow. However, [...] -
Another Leg Down?
I got long signals on a bunch of short ETFs. We might be retesting the lows of last week. There is some volume acceleration on the short side. Tighten your stops. PS. I also got a signal to go long on 20-yr Treasury Bonds. (TLT)