I hope you’ve all been navigating this market well, even if that means sitting on the sidelines. Remember, cash *is* a position.Dennis Gartman made some interesting comments on CNBC this morning on the current market environment: Go back to any texbook to look at classic manias, panics & crashes — that’s what we have here [...]
Posted by 24 October 2008
Look Out Below!
Posted by 23 October 2008
October 23, 2008 Stock Market Recap
The volatility just won’t let up. Today the indices swung in 5 to 6% ranges. It appears that they successfully retested the October intraday lows. Like I’ve said many times before, I prefer retests that break the prior low and then bounce. I feel like that’s the way to be sure all the weak holders [...]
Posted by 23 October 2008
Watchlist for October 23, 2008
The market was threatening the October intraday lows earlier in the pre-market session but have since bounced. I think everybody will be watching for a retest of those lows today. On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
Posted by 22 October 2008
October 22, 2008 Recap: Down but Not Out
Silly me for thinking that the range contraction on Monday and Tuesday might now lead to range expansion. This market is in no rush to go back to normal levels of volatility. Still, the moves weren’t as extreme as we saw earlier in the month both based on volume and percentage change. The S&P and [...]
