Posted by 31 May 2006

May 31, 2006 Stock Market Recap

It seems like every week I find another website that’s stealing my (and others’) content in an attempt to get ad revenue from Google. (I think Google has made it too easy for people to sign up.) I just noticed another one a few minutes ago. Since so many people have no respect for copyrights [...]

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Posted by 31 May 2006

Chart Request: Intel Corp. (INTC)

Eric wants to know if I think Intel is due for a bounce. My answer is ‘probably’. Although I see little in the chart to make me bullish I can see Intel moving back toward 19. Sellers appear to be exhausting themselves around the 18 level. The stock is oversold on the weekly (and slower [...]

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Posted by 31 May 2006

Chart Request: NII Holdings, Inc. (NIHD)

Here’s a daily and a weekly chart of NIHD for Jack. Like many other stocks right now, the long term trend is bullish but the intermediate and short-term trends are down. If I wasn’t already in it I’d be in no rush to buy as long as that downward sloping trend channel is still in [...]

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Posted by 31 May 2006

Watchlist for May 31, 2006

We’re set for a slightly higher open tis morning. Trading may be a bit muted until after the Fed meeting minutes are released at 2 PM. (Why can’t they just release them in the morning???) I may not do too much ahead of the release, unless, of course, my shorts start triggering… Potential swing trades: [...]

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Posted by 30 May 2006

May 30, 2006 Stock Market Recap

I got a suggestion today about adding trend indicators to these daily recaps: I’m almost surprised that you don’t post a short-, medium- and long-term indicator each day with regard to the direction of the market. Seems this is what you are looking for when formulating your plays each day. It also seems that many [...]

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