Posted by 2 November 2006

Is the Dow 12,000 Party Over?

Well we finally got some decent selling. The most interesting thing I see is the Dow hovering just above 12,000. The bull-bear battle for control of that line should be a good one over the coming days. My guess is that it breaks — if for no other reason than to test everybody who just [...]

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Posted by 1 November 2006

Chart Request: Knight Capital Group Inc. (NITE)

My apologies to Kevin for my tardiness in posting Knight Capital Group’s chart. He requested it on October 27th after its 4.5% drop. It looked like it was going to be able to bounce off of the 50-day moving average but today we know that was a head-fake. Despite breaking the 50 DMA I don’t [...]

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Posted by 1 November 2006

Chart Request: Flamel Technologies S.A. (FLML)

Here’s a chart of Flamel Technologies S.A. (ADR) (NASDAQ:FLML) for Terry: Obviously Flamel has been on fire the last several weeks. It’s up about 50% from the September lows and even hung tough after tonight’s earnings report. I’d certainly be holding on if I was already long but I don’t think this is a very [...]

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Posted by 1 November 2006

Watchlist for November 1, 2006

We’ve got a few economic reports due out in the first hour of trading today (see calendar below). I’m just not feeling the bull side right now so if we don’t see some weakness today I’m taking the day off from trading and catching up on my email. On Today’s Calendar: 10:00 AM — Construction [...]

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