Downtrend Archive
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The State of the Markets
I can visualize people in CNBC spelling doom and gloom. It is very simple actually, the market is in consolidation waiting for news about the debt ceiling (see charts below). I assume it will be back and forth until August 2 and then we will see. If I were you I would be hedging my [...] -
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 [...] -
Interesting Stocks for July 14, 2010: Technology Breakout Edition.
These are the stocks with buying opportunities for July 14, 2010: Q – Qwest Communications International: Maybe a sympathy move because of Intel great earnings report. One of our systems has a 70% percent accuracy on predicting winning trades on this stock going back to 1990. We have the catalyst of IBM and a breakout [...] -
Interesting Stocks for 7/12/2010.
We will feature two stocks that we are looking to buy in one of our paper accounts. WAB: Wabtec. In a downtrend channel. However, it recently entered a congestion area with major support around 39.00. The entry is based on a Williams %R oscillator. Place an initial stop at 35.40 and do not pay more [...]