I’m meeting up with Howard Lindzon to mull over some megalomaniacal plans this evening and tomorrow. (I just wonder which of us is Pinky ) Regular posting will resume next week, unless I decide to take the week off, which, given this low volume chop is a distinct possiblilty. At the very least I’ll post [...]
Posted by 24 August 2006
Watchlist for August 24, 2006
After closing under the recent support yesterday both QQQQ and SPY are set to open higher, back inside the recet trading range. I’m not inclined to do much in this low volume environment. I think my plan through Labor Day is to crank up my volume surge filter to only consider stocks that are moving [...]
Posted by 23 August 2006
August 23, 2006 Stock Market Recap
Volume was very light again today — barely above Monday which was the lowest full-day volume of the year. The indices dropped below the support of the last few sessions but didn’t get much follow-through. So it still looks like normal, bullish consolidation to me. Here are charts of the Nasdaq, S&P 500 and Russell [...]
Posted by 23 August 2006
Watchlist for August 23, 2006
Yawn… We’re in for a flat-as-a-pancake open this morning. Hopefully we can break out of this little trading range we’ve been in but I’m not holding my breath. Oil may be a good one to watch today with the Iran news and the oil inventory report hitting the wires at 10:30. I’ll have USO on-screen [...]
