Posted by 28 April 2005

Chart Request: Pulte Corp. (PHM)

Pulte is one of those home builders that seems to only go up. It’s still showing good relative strength vs. most of the market but it’s also in an intermediate-term downtrend. The stock looks like a short-to-intermediate term short right here, with a stop above the 50 DMA.

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Posted by 26 April 2005

More of the Same

For the seventh day in a row the S&P 500 has crossed its 200-day moving average. It’s now back below the 200 after another distribution day. This action reminds me of what happened with the Nasdaq a couple of weeks ago. It crossed or tagged its 200 DMA on 13 of 17 days before finally [...]

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Posted by 26 April 2005

Tech Tools for Investing

Here are some articles from the current Business Week about how technology is affecting Wall Street: From Traders to Tech Support (I love that title) — The big firms are switching from selling stocks to selling software that lets clients do it themselves. JP Morgan’s Emily Portney explains. The Bull Market in Financial Tech – [...]

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Posted by 26 April 2005

Chart Request: Krispy Kreme Doughnuts (KKD)

(Another) Mike wanted me to take a look at KKD: On another note was curious your take on Krispy Kreme; not as a trader but over an intermediate term (6 to 18 months). I’m not that good (yet) at the TA but looking at the weekly MACD and the monthly MACD I notice 2 things; [...]

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Posted by 26 April 2005

The Chop Continues

We’ve had alternating up & down days for each of the last five sessions and based on the futures that will be extended to six sessions today. I guess the bulls should be happy that the market is moving higher. While I’m trying not to focus on technicals during this earnings season I can’t help [...]

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