TradingMarkets.com has posted an interesting study comparing the results of buying breakouts to buying pullbacks. The results are rather surprising to me. According to the methodology used in the study you would make more money shorting breakouts to new highs than buying them. Although I’m not a big proponent of buying breakouts I can’t help [...]
Posted by 1 December 2003
New Highs Again
December started off with a bang today with the major indices closing at new 52-week highs. The NASDAQ is still below its intraday high of 1992 from November 7th, but the S&P 500 has made a clear breakout above it’s old (intraday and closing) highs. There was talk of a rotation into big caps today [...]
Posted by 20 August 2003
Hanging Tough
The market continues to hold on to its gains of the last week very well. It certainly feels like there’s a ton of support just underneath current levels. The S&P 500 seems to be drawn to the 1,000 level like it’s a magnet. The Dow is acting similarly with 9,400. We’re still short-term overbought territory [...]
Posted by 5 May 2003
Blockbuster vs. NetFlix
It looks like Blockbuster is threatening to go after NetFlix again. I’ve been hearing this threat for a couple of years now. It will be very difficult for them to duplicate NetFlix’s rental scheme while keeping their traditional stores, and customers, happy. I think it’s just a matter of time before Blockbuster goes the way [...]
