Dow Jones Archive
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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 [...] -
Dogs of the Dow
Who let the dogs out? Yes, we know that it sounds corny but we could not help ourselves. The Dogs of the Dow is a strategy that we came across while listening to some Optionetics audio material. The waythey described the system was to buy the five (5) worst performing members of the Dow Jones [...] -
Interesting Stocks for 10/8/2010 – A Hint of a Correction
We see some churning in some stocks that we are studying. For example, AmBev (ABV) seems to be stuck around 130 and cannot seem to penetrate it (disclosure: we own ABV in our paper and real money accounts +20% gain). Other stocks are stalling or correcting. We are still long the market and we will [...] -
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, [...] -
Market Restesting the February Lows.
The stock market is a tough mother-efer. Pardon our french. We have not seen an inverse ETF turn bullish since the week of April 19. Yet, the indexes turned against our longs with force today. It is our opinion that this correction does not feel bearish. We are at support in two of the three [...] -
Quick Observations from the Market
We are still short, even though we got a buy signal on the Dow Jones Index about two days ago. We are waiting to get stopped from the short positions before endorsing going long. We still like school stocks such as CPLA.