Posted by 22 July 2004

Don Worden on the VIX

Some timely comments on the VIX from last night’s Worden Report: The Worden Report (Wednesday, July 21, 2004) The VIX I have been getting a lot of inquiries about the VIX and what role it is playing in the present situation. The following is excerpted from an article I wrote in this report in September [...]

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Posted by 22 July 2004

Watchlist for July 22, 2004

The futures, which were up about 30 minutes ago, have deteriorated and now point to a lower opening. Perhaps we’ll finally get the whoosh. Currently holding:

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Posted by 21 July 2004

That was Ugly!

The sellers did indeed come back out today. The NASDAQ opened on its high for the day and closed on the low, which is never a good thing. It fell 58 points (3%) from the open and engulfed yesterday’s bullish candlestick. All of this happened on a big increase in volume. The index now sits [...]

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Posted by 21 July 2004

Watchlist for July 21, 2004

Some analysts are trying to put some cold water on MOT and TXN after taking a closer look at what they had to say last night. The market’s holding up so far but let’s see if the sellers come back out to play today. Currently holding:

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Posted by 20 July 2004

Finally Turned the Corner

Today we finally got a rally that wasn’t squashed by sellers. The NASDAQ was up about 1.75% during the regular session and another 1% or so was tacked on in the after-hours session. Those late session gains are largely due to news out of Microsoft (+ 5.54% After Hours), Motorola (+ 5.78% AH) and Texas [...]

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