What can you say after a historic day like today? The indices had some of the worst percentage drops on record today. The Nasdaq 100 was down a whopping 10.5% today, largely thanks to it being heavily weighted to the likes of AAPL (-18%) and GOOG (-11.6%). Much of what I write tonight is going [...]
Posted by 20 September 2008
Picking Your Spots When Selling Short
“Nobody makes money in a true bear market, not even the bears“ | The action this week got me thinking that I need to write a Duru-like missive on shorting. But since I don’t have a Ph.D you’ll just have to suffer through the following rant which I’ll try to keep relatively short. Yesterday Howard [...]
Posted by 26 July 2007
Is T2108 Already Indicating a Bottom?
So I was looking through my charts today and was shocked when I got to T2108 (Worden’s indicator for % of NYSE stocks above their 40-day moving averages). While the indices have been steadily hitting new highs (notably excluding the Russell 2000 and financials) T2108 has been trending down. In other words, a greater percentage [...]
Posted by 5 March 2007
March 5, 2007 Stock Market Recap
Sellers ruled again today. They closed the market on its lows for the second straight session and left every sector & index in the red once again. The last five sessions have showcased some impressive selling. The bulls haven’t been able to hold the Dow, Nasdaq or S&P 500 above their lower Bollinger Bands for [...]
Posted by 4 March 2007
March 2, 2007 Stock Market Recap
About the only thing that went the bulls’ way on Friday was the decline in volume. It was another day of broad-based selling across the market. Just like on Tuesday, there’s a whole lot of red on the StockCharts Market Summary Page. All the major indices were down more than 1% and the only industry [...]
