Posted by 23 February 2005

Watchlist for February 23, 2005

Obviously yesterday was a bad day for the bulls. There was a lot of technical damage done as you’ll see in the charts below. The Banking Index looks especially bad. Currently holding:

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Posted by 22 February 2005

Smith Barney is Now Outsourcing Their Technical Analysis

Updated with a a link to an article about Citi’s outsourcing deal with Dorsey Wright & Associates

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Posted by 22 February 2005

Need the Help of a Couple of Readers

I was interviewed by a doctorate student yesterday for his research paper on trading weblogs. He would also like to talk to a few readers of these type of blogs. If any of you are interested in helping him out please send me an email at Michael-AT-TraderMike.net. (Bonus points if you live in the SF [...]

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Posted by 22 February 2005

Watchlist for February 22, 2005

We’ve got weak futures this morning on a weaker dollar and rising oil prices. It appears that the S&P will gap down very close to its 50-day moving average and the Nasdaq will break its short-term uptrend on the open. I think that how the S&P acts at its 50 DMA will be key. There [...]

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Posted by 21 February 2005

The Technical Analysis vs. Fundamental Analysis Meme

The recent news of Citigroup axing their technical analysis group has got people rehashing the age old fundies vs. technicals debate. The obvious question that Citigroup’s action raises is “are they saying that TA is worthless?” As Brian Shiau says: This move appears to completely discredit technical analysis, a form of analyzing stocks by studying [...]

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