Did the QQQQ really hit its 200 DMA yesterday??? Some charts say yes, others say no.
Posted by 25 January 2005
Don’t Believe Everything You See
Posted by 25 January 2005
Watchlist for January 25, 2005
The market’s gapping up this morning apparently off of earnings news. Let’s see if the gap can hold. I mentioned some 200-day moving averages as targets/potential support yesterday but I didn’t mention the QQQQ/NDX. That index actually touched its 200-day moving average yesterday so traders may be keying off of that today as well. Currently [...]
Posted by 24 January 2005
Slip Sliding Away
The sellers certainly have control of the market right now. They keep pushing the indices through support levels on a daily basis. (I’m reminded of the Trading Rule “Bear markets have no supports and bull markets have no resistance.”) The 2,000 level on the Nasdaq may be support, just because it’s a round number but [...]
Posted by 24 January 2005
(Financial) Internet News Sites Are Back in Vogue
The New York Times has an article which explores the acquisition interest in financial news sites of late. Dow Jones won the bidding with a deal, expected to be completed today, for $519 million, about six times MarketWatch’s 2004 revenue. The four-way frenzy among the companies to own MarketWatch outright may be the strongest sign [...]
Posted by 24 January 2005
Malcolm Gladwell’s ‘Blink’ Applied to the Stock Market
Aaron Pressman has written a review of ‘Blink: The Power of Thinking Without Thinking’ by Malcolm Gladwell. His review differs from most of the other reviews I’ve read. I guess that’s mainly because he’s relating the book to investing: Two important lessons for investors leap to mind, though Gladwell himself doesn’t discuss finance much beyond [...]
