I’m shutting things down for the year. Look for posting to return to normal around the middle of January, just in time for earnings (& losses!) season.
Posted by 19 December 2008
Watchlist for December 19, 2008
It was an ugly afternoon yesterday but the indices managed to stay above their November uptrend lines. They’re getting squeezed between those rising November lines and the falling 50-day moving averages. Something’s gotta give soon. Yesterday the VIX got to within 0.25 of breaking its November low before the afternoon market weakness made it reverse. [...]
Posted by 18 December 2008
Watchlist for December 18, 2008
The indices remain on the verge of breaking out above their December highs. Let’s see if the options expiration games can help to do the trick. On Today’s Calendar: 10:00 — Philadelphia Fed 10:00 — Leading Indicators More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one [...]
Posted by 16 December 2008
December 16, 2008 Stock Market Recap
The other day I thought that we’d probably need some good news to propel the indices above their 50-day moving averages. It’s debatable whether today’s Fed statement was good news but the buyers liked it enough to push the S&P 500, Nasdaq and Dow above their 50-day moving averages. The Dow had the most impressive [...]
Posted by 15 December 2008
Watchlist for December 15, 2008
On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: Possible longs: CX, CBI — I’m seeing a lot of patterns like those two stocks. But while these two appear to be bouncing off of their 50-day moving average, most of the other charts are [...]
