I See a Pattern Forming in SP500 and So Should You
It’s the same price pattern I’ve been highlighting for quite some time now, but perhaps now is a good time to define the pattern, show it, and state what it means for traders… Source
Tag Archives: Good Time
Buy What China Needs: Coal
Since tanking after those April highs, the market has created some interesting opportunities. Stocks I have highlighted in the past, but have not bought, look much more appetizing now that they are 25% cheaper or so. For example, China’s leading coal stocks are all down 25% or more of late. This includes China Shenhua Energy, [...]
Trading Big: Ever a Good Time?
Trading in financial markets without adequate knowledge is almost a guarantee of losing money. Almost 90% of all market speculators go broke, according to broker statistics. But for traders who are experienced, knowledgeable and aggressive — is there ever a time to go for a "home run"? Original Source
Overheard on StockTwits: Time to Short Real Estate? $IYR, Commodities Ugly, Uber-Bearish Sentiment
Futures were down big last night only to rebound this morning and then sell off again. Here’s today’s morning StockTwits buzz: Merger Monday is back but the euphoria associated with it was short lived. It’s the reaction to the news not the news itself. I’m surprised more people aren’t talking about the action in the [...]
Getting On With the Depression to Make Way for Growth
“I can’t stand it anymore. I have to say something. You act like you actually want a depression. What’s wrong with you?” The above letter came from a dear reader who has missed the point. We are as generous and warm…as caring and sharing…as anyone outside a mental institution. We only want the best for [...]
Trading into the Close
Today’s market was very quiet — good time for it to build up some energy for new moves. There wasn’t much to do today except look for these few things into the close as well as unique situations such as this stock… Source
The “Second Round of Pain”
If you’ve been thinking about reducing exposure to stocks, now might be a good time. And if you’ve been thinking about increasing your exposure to precious metals, now might be a good time. According to Morgan Stanley economist Gerard Minack, the stock market is in for a correction after its 9-month “relief rally.” In a [...]
The Reverse Repo
The crisis is over, say the feds. Now, they can begin turning off the taps. “Fed takes first step in exit strategy,” is the headline in The Financial Times. A more accurate headline would have been… “Fed dodges and weaves…fakes exit.” The only way to exit is by the door the Fed came in. It [...]
The Golden Years
The Dow fell slightly on Friday. Oil ended the week at $77. The dollar went nowhere. But gold rose to a new high – $1,146. Whatever else may be going on, there’s a real bull market in gold. It’s a bull market that began ten years ago. If you’d bought stocks then, you’d have about [...]
9 US States Join California in Budget Disaster
With huge budget gaps, increasing unemployment, and extreme foreclosure rates, nine additional states are joining California in the crippling budget deficit club. According to a report from the Pew Center, nine more states — Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin – are now facing financial problems that are likely to [...]
Deals Deals Deals..Where Were You Last October?
Last October, there were death knells. The VIX was at 90. We were vomiting. VC’s were writing their CEO’s secret letters entitled ‘R.I.P Good Times ‘ Everyone wanted their MOMMY. Today, AdMob was bought by $GOOG for $750 million. Playfish was bought by Electronic Arts $ERTS for $400 million. There were like 10 other deals. [...]
European Indices (by cantabnomad)
Good time of the day, Slopers. It is perhaps a testament to importance of the US to global markets… Source