Technical Analysis

Like Chinese water torture, bad news keeps dripping on this stock market. It’s amazing that as of this writing Friday morning, the market is still showing a gain for the week. Day after day, new information has been weighing on the bulls. A week ago, news of an Ambac bailout saved the market and sparked a 30 point intraday reversal in the S&P 500 futures. Monday and Tuesday, the market rallied as bond insurers were able to generate enough capital to maintain their triple AAA credit rating. Today, we learned that Wilbur Ross invested $1 billion in bond insurer …
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Hello Folks, it’s now clearer that the US economy is living a state of pre-recession. No one wants to be the first to admit the recession, but start to become obvious that we are assisting a big slowdown in overall economy, near of recession state, macro economic indicators don’t lie. For the first time in more than four years the economy lost jobs in January, something that should be seen as an alert, and economists this month forecast the unemployment rate will raise. Americans’ confidence in the economy has been shaken as the housing slump deepens. The stimulus package of $168 billion that administration will give to Americans, should not be used to spend but to pay the debts, according to Bloomberg/Los Angeles Times survey taken from Feb. 21 to Feb. 25. So, there are no reasons to smile and believe in a quick rebound. As I still saying to all, play on the defensive side. Don’t put your hands in knifes that still falling. Cash is KING!!…
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Original Source: bp1.blogger.com

So I Googled up “Charley” or “Charlize” or something like that, and somehow stumbled on this, a site for and English Big Brother that ran last spring. Apparently there’s someone named Charley (#3) in the house, and her description refers to her as “an unemployed lap dancer”….
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Before leave the office, I would like to put in contact with a interesting website that I found over this week. We live in a world in constant movement when the dangers appear in all places, in all corners at any hour. Be victim of an accident in our work is perfectly natural, it can happen due to many factors, many times without being our fault. When this situation happens, we should be compensated for this act, because we will need some help to cover our medical bills and other losses that can surge. Almost all the companies in nowadays offers to their workers compensation programs, but are these programs really good and fair ? I don’t know, because I never have been victim of an accident within a company, but I know cases where these programs don’t work properly. Anyway, what I have to transmit is, there is now a law firm called Key Point, that can protect your interests to get the appropriate accident compensation. They offer services for endowment claims, personal injury and accident compensation claims. A…
Original Source: ac-investor.blogspot.com

Most actives : MSFT , CSCO , IWM, C , S , DELLGainers : MNTA , VRNM , JRJC , INT , SAPELosers : FMT , LLNW , ABH , RHD , DUCKUpgrades : ESEA, TRAK, DECK, ETR, QSFT, REP, PFEDowngrades :INAP, CPL, MF, EOG, BEAS, RHD, OCR, NVS, GTI, AIG, MFMacro economic news :Personal Incomes, Spending Rise More Than Estimates, PCE Core at Estimates, Chicago PMI Contracts, Consumer Confidence Inches Above Estimates …
Original Source: ac-investor.blogspot.com

Yesterday morning, I got rid of my short in Dara Biosciences (DARA) at $5.15 and posted that it was a “pathetic exit”. Turned out to be right around its closing price and I received several emails from people trying to comfort me, saying it wasn’t such a bad exit after all. But with today’s quick $1+ drop to $4, my call in t…
Original Source: feeds.feedburner.com/TimothySykes-StockTraderAuthorEntrepreneur

So this is Nicole Manske, never heard that name before today, but she’s officially now the Erin Andrews of NascarAnyway, people who read this site …..also probably read V…
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e.o.m.

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Original Source: feeds.feedburner.com/TradingGoddess

Leap years are necessary because - rather inconveniently for calendar makers - it takes the Earth almost 6 hours longer than an even 365 days to complete one full orbit around the sun.To keep things in sync, the Roman astronomer Sosigenes suggested a…
Original Source: www.spacew.com

Investors should be ticked-off, especially those with capital tied up in Ambac and MBIA. Actually all of retail-side should be fit-to-be-tied! Ambac has been down over 90% in the last 8 months and is now up about 90% from its January low, talk about volatility! Just this month alone it has made 30+% swings up or down, that’s pretty nauseating for someone who is investing in this …..stock. At this point you may be thinking “If you can’t stand the heat, get out of the kitchen”, although “oven” may be more appropriate in this case. And this is where I quip back-“well if…
Original Source: www.trade-guild.net

Markets continue to trade lower with very little in the way of bounces during the morning. One sector has emerged in the green, gaming, as there is finally some good news out of Macau. M…
Original Source: bp0.blogger.com

Did anyone else find it concerning that President Bush, in a news conference yesterday, was astonished by a reporter’s question asking what would be the effects of gasoline prices at the pump reaching $4.00 per gallon by the summer?

It would seem like his team of economic advisors would have alerted him to this possibility, at least so he could have a credible response.

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Original Source: blog.afraidtotrade.com

DOW Directions 02-29-08 (Friday): A Daily Technical Analytical View of Stocks, Futures, Eminis and Forex for online and day traders.
DIA (Dow ETF): Dow trips, falls and begins to bleed.
Thursday’s turned negative and we anticipate further downward drift.    Negative technical clues hint tough sledding ahead. 
The daily StoRSI, our momentum oscillator,…
Original Source: blog.teachtalktrade.com

The charts below have a 5 day moving average- orangeVWAP since 75 bp rate cut- purple horizontalkey support- greenkey resistance- redThe financials appear to be flirting with a more serious break down below support which could lead to a test of the lows in that sector. If such a break were to come it would likely lead the rest of the market. As I pointed out with resistance on the Qs yesterday, it is not the break of a key level that matters most, but the subsequent action. Risk management is job #1!…
Original Source: alphatrends.blogspot.com

Now that volatility is…..hold your breath…….lifting , let’s just reflect for a second how utterly dormant we had become.The top chart is 10 day historical volatility for the QQQQ’s, and dipped below the Bar Mitzvah line yesterday. Last trickle down to those levels was in early October, not long before the Nazz started to get hit….
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29.2-2008 There´s several indicators for possible shortterm plunge, this comes when you see plenty of inverse HS patterns - they can be wave IV corrective patterns. Plenty of theorist in my blogroll has also pinpointed this , my recommendation to see these blogs&charts latest postings>This time not chart instead check the some great possible bearcalls sites>http://esl.typepad.com/tradingtechniques/…
Original Source: esl.typepad.com

Markets open way down and every sector on my screens are red with insurance, homies, brokers and oil service the worst.Market internals very ugly with 5 losers to every winner on the NYSE and 3 losers to each winner on the NAZ….
Original Source: bp3.blogger.com

As promised, here is my Thestreet.com TV interview with the lovely and very sexy Talented Blonde on why it serves Victoria’s Secret to become less “sexy.” Quoi?

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Disappointing earnings from DELL and AIG are weighing on the market this morning. The question in my mind once again is ‘will this follow-through?’ Given the last few weeks I’m very skeptical but I guess one of these times the trading range will break — if for no other reason than everybody’s been lulled to sleep and expecting more range-bound trading.
On Today’s Calendar:…
Original Source: tradermike.net