Posted by 30 April 2007

Watchlist for April 30, 2007

It looks like we’re set for a flat open today. I’m wondering if the bulls have any fire power left for a month-end markup. That might be a nice setup for the “sell in May and go away” trade. And speaking of going away, I’m taking the week off. Look for regular posting to resume [...]

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Posted by 27 April 2007

Watchlist for April 27, 2007

I’m running late so I don’t know what’s going on yet besides the fact that we’re gapping down. The gappers are below… On Today’s Calendar: 10:00 — Mich Sentiment-Rev. More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:

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Posted by 26 April 2007

April 26, 2007 Stock Market Recap

It was a mixed day today with the Nasdaq and Russell up about 0.2% and the S&P ended down almost 0.1%. Volume contracted across the board, which shouldn’t be surprising after the big day yesterday. I am starting to notice (what I think are) rising wedges in the indices: The rising wedge can be one [...]

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Posted by 26 April 2007

Watchlist for April 26, 2007

The futures have slipped a little bit but are still above fair value. I think a lot of traders have their eyes set on S&P 1,500 so let’s see if we can hit that level. On Today’s Calendar: 10:00 — Help-Wanted Index More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic [...]

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Posted by 25 April 2007

A ‘Monster’ Capitulation Daytrade

Michelle B submits: On Tuesday, April 24, approaching 2 PM, the time of the day that I regard as the Period Of Treachery—fondly referred to as POT—I noted MNST screaming red on the low ticker. I checked to see if there was news to explain the decline, and there was none. I quickly called up [...]

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