Posted by 5 November 2003

All About Cisco

It looked and felt like the market was ready to roll over today but it was saved by some late day buying. The indices had all breached their newly established support levels of the October highs. What was looking like a victory for the bears quickly turned into a head fake as buyers pushed the [...]

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Posted by 4 November 2003

What the Economists Didn’t Tell You

Dave has a great post which shows the other side of all the ‘great’ economic news released of late. This kind of stuff has been gnawing at me all year… that old wall of worry again. The trader in me can’t let this kind of stuff get in my way though, which is easier said [...]

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Posted by 3 November 2003

Going Up?

The major indices made new 52-week closing highs today. The only problem is that the Dow and S&P 500 did so on (slightly) lower volume. Don Worden is calling today’s move in the S&P an exhaustion gap because of the volume decrease. It doesn’t look like one to me but I guess we’ll know for [...]

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Posted by 2 November 2003

New Highs Galore

I just finished going through my scans and the thing that stood out most to me was the number of stock hovering at or very near 52-week highs. The bulls are still clearly in control of the market. I see very few signs of that changing in the near future, although I have come up [...]

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