BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Top growth fund manager sours on Apple, U.S. tech]]>http://www.bloggingstocks.com/2009/11/25/top-growth-fund-manager-sours-on-apple-u-s-tech/http://www.bloggingstocks.com/2009/11/25/top-growth-fund-manager-sours-on-apple-u-s-tech/http://www.bloggingstocks.com/2009/11/25/top-growth-fund-manager-sours-on-apple-u-s-tech/#commentsFiled under: , ,

One of the top performers in the U.S. growth fund sector has lost his appetite for tech. Jerry Jordan has booted almost all his Apple (AAPL) holdings from his portfolio, and he's done the same with Google (GOOG). Both, Jordan says, have become too expensive. In fact, he's getting out of almost all U.S. and European tech companies for that reason -- and is turning his attention to China.

Jordan tells Reuters, "The growth [in China] is much faster, it's much more of a green field opportunity."

Continue reading Top growth fund manager sours on Apple, U.S. tech

Top growth fund manager sours on Apple, U.S. tech originally appeared on BloggingStocks on Wed, 25 Nov 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aaplApplecommoditiesfeaturedgooggooglegrowth fundsGrowthFundsinstitutional investorsInstitutionalInvestorsMassey Energyneteasentesoceaneering internationaloiis and p 500SAndP500SOHUWed, 25 Nov 2009 09:30:00 EST<![CDATA[The 2009 home stretch could be bumpy for stocks]]>http://www.bloggingstocks.com/2009/11/02/the-2009-home-stretch-could-be-bumpy-for-stocks/http://www.bloggingstocks.com/2009/11/02/the-2009-home-stretch-could-be-bumpy-for-stocks/http://www.bloggingstocks.com/2009/11/02/the-2009-home-stretch-could-be-bumpy-for-stocks/#commentsFiled under: , , , ,

Equity markets ended the third quarter with their biggest losses in four months, and we're now staring down the closing months of 2009. Half the quarter, of course, is dominated by holiday sales, which ups the stakes at the finish line and sets the tone for the bulk of 2010.

Even though company performances have been fairly strong through this reporting season, it's tough to shake the nerves associated with depressed consumer spending and high unemployment.

Continue reading The 2009 home stretch could be bumpy for stocks

The 2009 home stretch could be bumpy for stocks originally appeared on BloggingStocks on Mon, 02 Nov 2009 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cisco systemsCiscoSystemscscointhenewskraft foodsKraftFoodss and p 500SAndP500sbuxstarbuckstime warnerTimeWarnertwxMon, 02 Nov 2009 10:20:00 EST<![CDATA[S&P overvalued by 40%, according to economist Smithers]]>http://www.bloggingstocks.com/2009/10/26/sandp-overvalued-by-40-according-to-economist-smithers/http://www.bloggingstocks.com/2009/10/26/sandp-overvalued-by-40-according-to-economist-smithers/http://www.bloggingstocks.com/2009/10/26/sandp-overvalued-by-40-according-to-economist-smithers/#commentsFiled under: , ,

Economist and president of a research firm that bears his name, Andrew Smithers (not related to the Smithers of Mr. Burns fame) is saying our on-fire stock market is set to burn itself out. The S&P 500 Index is overvalued by 40%, he believes, and we can expect a plunge thanks to central bankers restraining themselves on the securities purchases that have pushed the markets up so far so fast. Also, banks are going to need to sell more shares to raise capital and pump up their balance sheets.

If the S&P 500 were to take a 40% dive today, it would fall to 647.76 (based on the Friday close), below the low it recorded in March.

Continue reading S&P overvalued by 40%, according to economist Smithers

S&P overvalued by 40%, according to economist Smithers originally appeared on BloggingStocks on Mon, 26 Oct 2009 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>bank of englandBankOfEnglandeconomisteconomyfederal reserveFederalReserveinthenewss and p 500SAndP500smithersstandard and poorsStandardAndPoorsMon, 26 Oct 2009 09:00:00 EST<![CDATA[Today's technical outlook: How far can this rally go?]]>http://www.bloggingstocks.com/2009/03/13/todays-technical-outlook-how-far-can-this-rally-go/http://www.bloggingstocks.com/2009/03/13/todays-technical-outlook-how-far-can-this-rally-go/http://www.bloggingstocks.com/2009/03/13/todays-technical-outlook-how-far-can-this-rally-go/#commentsFiled under: , ,

On Thursday, the S&P 500 closed above the 20-day moving average at 745.10 for the first time since Feb. 9. And it closed above the resistance line drawn from the November low at 741.02 for the first time since Feb. 13.

Volume for each of the days of higher prices increased to more than 1.8 billion shares on the NYSE, and that is a higher-than-average volume for any month this year (1.6 billion average). But volume has been picking up since the breakdown on Feb. 27 at S&P 740 when more than 2 billion shares traded.

With a reflex rally now underway, the question is: "How far can it go?"

Continue reading Today's technical outlook: How far can this rally go?

Today's technical outlook: How far can this rally go? originally appeared on BloggingStocks on Fri, 13 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaiiindexbear market rallyBearMarketRallycboevolatilityindexdjiafeaturednyses and p 500sam collinsSamCollinsSAndP500vixFri, 13 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: Still looking for a signal]]>http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/http://www.bloggingstocks.com/2009/03/10/todays-technical-outlook-still-looking-for-a-signal/#commentsFiled under: ,

Technicians continue to bemoan that, despite the oversold internal indicators and sentiment numbers that show record levels of fear, the market continues to sell off. Normally at such oversold levels of the key indicators we should expect a rally -- but not lately.

A rally may be overdue but, so far, all we seem to get is one or two days up and then down again. The mood is best described by a Standard & Poor's market strategist who on Friday said, "We think the market is in desperate need of a washout to at least turn the tide for awhile back to the upside. We have been looking for a counter-trend rally, but all we are seeing are one-day wonders."

So where is the bottom -- or bottoms?

Continue reading Today's technical outlook: Still looking for a signal

Today's technical outlook: Still looking for a signal originally appeared on BloggingStocks on Tue, 10 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bear marketBearMarketchangewave researchChangewaveResearchfibonaccifibonacci numbersFibonacciNumberss and p 500sam collinsSamCollinsSAndP500Tue, 10 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: Are rallies doomed to fail?]]>http://www.bloggingstocks.com/2009/03/09/todays-technical-outlook-are-rallies-doomed-to-fail/http://www.bloggingstocks.com/2009/03/09/todays-technical-outlook-are-rallies-doomed-to-fail/http://www.bloggingstocks.com/2009/03/09/todays-technical-outlook-are-rallies-doomed-to-fail/#commentsFiled under: , , ,

Late Friday, it looked like the market would suffer another loss until buyers (or traders who were covering shorts) salvaged the day with a 25-minute rally. But despite Friday's small gain, the week was the worst in memory for the Dow, as it fell 6.2%. The S&P 500 was off 7% and the Nasdaq dropped 6.1% for the week.

Despite the extremely oversold internal indicators, the stock market shows no indication of having made a bottom.

Continue reading Today's technical outlook: Are rallies doomed to fail?

Today's technical outlook: Are rallies doomed to fail? originally appeared on BloggingStocks on Mon, 09 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaiiindexdjias and p 500sam collinsSamCollinsSAndP500yamana goldYamanaGoldMon, 09 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: Markets desperately seeking support]]>http://www.bloggingstocks.com/2009/03/06/todays-technical-outlook-markets-desperately-seeking-support/http://www.bloggingstocks.com/2009/03/06/todays-technical-outlook-markets-desperately-seeking-support/http://www.bloggingstocks.com/2009/03/06/todays-technical-outlook-markets-desperately-seeking-support/#commentsFiled under: , ,

The S&P 500 double-bottom finally collapsed Feb. 27, after holding firm for more than four months. But the strong 800 to 820 support zone gave way several weeks before, led by the Dow Industrials, which cracked its support at 7,940 even before that.

The breakdown hit a plateau at the Dow 7,390 area, which also marked the market's low on Nov. 21. After several days of indecision, sellers drove stocks to new lows and the Dow headed for lower ground. So where do we go from here?

Continue reading Today's technical outlook: Markets desperately seeking support

Today's technical outlook: Markets desperately seeking support originally appeared on BloggingStocks on Fri, 06 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>djiaetfexchangetradedfundss and p 500sam collinsSamCollinsSAndP500Fri, 06 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: No bottom in sight]]>http://www.bloggingstocks.com/2009/03/05/todays-technical-outlook-no-bottom-in-sight/http://www.bloggingstocks.com/2009/03/05/todays-technical-outlook-no-bottom-in-sight/http://www.bloggingstocks.com/2009/03/05/todays-technical-outlook-no-bottom-in-sight/#commentsFiled under: , ,

With the market breaking to new lows last week, the market ended the worst six months of trading since 1932. But even with the Dow and the broader-based indices down more than 50%, there appears to be no bottom yet in sight for the major indices.

Some technicians are calling for at least a modest reflex rally, and that certainly is overdue. Perhaps we even saw the beginning of it yesterday.

But don't count on making money on reflex rallies unless you're almost perfect at picking tops and bottoms -- and I know of few traders who can consistently perform that bit of magic.

Continue reading Today's technical outlook: No bottom in sight

Today's technical outlook: No bottom in sight originally appeared on BloggingStocks on Thu, 05 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cboe volatility indexcboevolatilityindexdjiaggns and p 500sam collinsSamCollinsSAndP500vixvxnThu, 05 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: No certainties for market's next move]]>http://www.bloggingstocks.com/2009/03/04/todays-technical-outlook-no-certainties-for-markets-next-move/http://www.bloggingstocks.com/2009/03/04/todays-technical-outlook-no-certainties-for-markets-next-move/http://www.bloggingstocks.com/2009/03/04/todays-technical-outlook-no-certainties-for-markets-next-move/#commentsFiled under: , ,

After five days down, many are saying that the market is bound to get a rally since it is so "oversold."

But the current break is much like the October drop that took the Dow from just above 10,500 to 7,774 in seven-straight sessions, ending with the selling climax of Oct. 10. And that last day of selling ended the decline when a key reversal finally marked the bottom of a trading range that would last for more than four months.

The point is that the market doesn't "have to do" anything. The current sell-off could end today or extend for any length of time, but it will likely end on a climax similar to the one on Oct. 10.

Continue reading Today's technical outlook: No certainties for market's next move

Today's technical outlook: No certainties for market's next move originally appeared on BloggingStocks on Wed, 04 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>djias and p 500sam collinsSamCollinsSAndP500technical analysisTechnicalAnalysisWed, 04 Mar 2009 09:30:00 EST<![CDATA[Today's technical outlook: Beware the falling knife]]>http://www.bloggingstocks.com/2009/03/03/todays-technical-outlook-beware-the-falling-knife/http://www.bloggingstocks.com/2009/03/03/todays-technical-outlook-beware-the-falling-knife/http://www.bloggingstocks.com/2009/03/03/todays-technical-outlook-beware-the-falling-knife/#commentsFiled under: , ,

The Dow Industrials broke down as long ago as Feb. 20, and it looked like any breakdowns might be confined to just those few stocks. But with Friday's new closing low on the S&P 500 and yesterday's massive sell-off with very wide breadth, it is clear that the near-term trend clearly supports lower prices.

But how low?

Support zones just don't give a clear answer to that, since we must go back to 1996 before any support shows. Mid-year to mid-fall 1996 show a support zone for the Dow Industrials at 5,300 to 5,800 and the S&P 500 at 625 to 680. That is more than 12 years back and, since time takes away from accuracy, we will go to another source for our "guesstimate."

Continue reading Today's technical outlook: Beware the falling knife

Today's technical outlook: Beware the falling knife originally appeared on BloggingStocks on Tue, 03 Mar 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>djiaemerging markets indexEmergingMarketsIndexfibonacci ratiosfibonacci sequenceFibonacciRatiosFibonacciSequences and p 500sam collinsSamCollinsSAndP500Tue, 03 Mar 2009 09:30:00 EST<![CDATA[As Dow falls below 7,000, S&P flirts with 700, Nasdaq still above November lows]]>http://www.bloggingstocks.com/2009/03/02/as-dow-falls-below-7-000-sandp-flirts-with-700-nasdaq-still-abov/http://www.bloggingstocks.com/2009/03/02/as-dow-falls-below-7-000-sandp-flirts-with-700-nasdaq-still-abov/http://www.bloggingstocks.com/2009/03/02/as-dow-falls-below-7-000-sandp-flirts-with-700-nasdaq-still-abov/#commentsFiled under: , , , ,

From the get go this morning we knew the Dow Jones Industrial Average was going to open below 7,000, and the way things are going now, it looks like it will close below (far below) 7,000 as well. These levels were last seen over 11 years ago, in 1997.

As the trading progressed, we also saw the S&P 500 blow through its November lows and starts flirting, to the horror of many, with the 700 level -- 704.27 was its low so far today.

And still, the Nasdaq remains above its November 2008 lows. How come, and will it last?

Continue reading As Dow falls below 7,000, S&P flirts with 700, Nasdaq still above November lows

As Dow falls below 7,000, S&P flirts with 700, Nasdaq still above November lows originally appeared on BloggingStocks on Mon, 02 Mar 2009 15:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>djiafeaturednasdaqs and p 500SAndP500Mon, 02 Mar 2009 15:15:00 EST<![CDATA[Today's technical outlook: Obama's bad timing]]>http://www.bloggingstocks.com/2009/02/26/todays-technical-outlook-obamas-bad-timing/http://www.bloggingstocks.com/2009/02/26/todays-technical-outlook-obamas-bad-timing/http://www.bloggingstocks.com/2009/02/26/todays-technical-outlook-obamas-bad-timing/#commentsFiled under: , , ,

Since Obama's inauguration, the market seems to have responded negatively to the president's rhetoric, and yesterday was no exception. Within seconds of a White House alert that the president and his chief economic advisers would make an important announcement, stocks headed south.

And by the time that President Obama -- flanked by his team -- began the address at 3:50 p.m. Eastern, the Dow had given up more than 100 points, with investors fearful that the team had decided on a major policy shift.

Despite the poor timing of the White House's news conference, which contained little new information and spooked traders into a flurry of profit-taking, Wednesday's small correction did little to change Tuesday's upside reversal and the probability of further buying.

Continue reading Today's technical outlook: Obama's bad timing

Today's technical outlook: Obama's bad timing originally appeared on BloggingStocks on Thu, 26 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>barack obamaBarackObamapresident obamaPresidentObamas and p 500sam collinsSamCollinsSAndP500standard and poorsStandardAndPoorstechnical analysisTechnicalAnalysisThu, 26 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Support levels under attack ]]>http://www.bloggingstocks.com/2009/02/24/todays-technical-outlook-support-levels-under-attack/http://www.bloggingstocks.com/2009/02/24/todays-technical-outlook-support-levels-under-attack/http://www.bloggingstocks.com/2009/02/24/todays-technical-outlook-support-levels-under-attack/#commentsFiled under: , ,

Despite oversold internal indicators and almost record bearish sentiment numbers, the three major indices fell again yesterday, with the Dow and the S&P 500 recording new lows. It appears that the major indices are falling one by one, with the Dow leading the way down.

The most important event Monday was the S&P 500 setting a new closing low while just above a point from the intraday low of Nov. 21 at 741.02. The other important broader-based index, the NYSE Composite, is also just a fraction of a point from a new closing and intraday low. Only the Nasdaq is holding, but even it is approaching a major support line at 1,385, and if that gives way, an attack on its November low seems inevitable.

Continue reading Today's technical outlook: Support levels under attack

Today's technical outlook: Support levels under attack originally appeared on BloggingStocks on Tue, 24 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cboevolatilityindexdjianyse compositeNyseComposites and p 500sam collinsSamCollinsSAndP500vixTue, 24 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Is a bear-market rally in the cards?]]>http://www.bloggingstocks.com/2009/02/23/todays-technical-outlook-is-a-bear-market-rally-in-the-cards/http://www.bloggingstocks.com/2009/02/23/todays-technical-outlook-is-a-bear-market-rally-in-the-cards/http://www.bloggingstocks.com/2009/02/23/todays-technical-outlook-is-a-bear-market-rally-in-the-cards/#commentsFiled under: , ,

Despite the Dow breaking to new lows, there were a number of positive signs on Friday that could indicate that a bear market rally is just about to get underway.

As pointed out by our friends at Dorsey Wright, the Nasdaq has remained above its November low of 1,295, and the S&P 500 is also just above its November low of 741. And Dorsey said its NYSE Bullish Percent took a big hit on Friday, falling 5.6% to 26.4%. But this is well above the November lows of 8% and they said it is "exactly what we want to see in a re-test with individual stocks holding up better than the indices."

Continue reading Today's technical outlook: Is a bear-market rally in the cards?

Today's technical outlook: Is a bear-market rally in the cards? originally appeared on BloggingStocks on Mon, 23 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaiiindexbear market rallyBearMarketRallycorinthian collegesCorinthianCollegesdjianasdaqs and p 500sam collinsSamCollinsSAndP500Mon, 23 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Day of decision after support lines broken ]]>http://www.bloggingstocks.com/2009/02/20/todays-technical-outlook-day-of-decision-after-support-lines-b/http://www.bloggingstocks.com/2009/02/20/todays-technical-outlook-day-of-decision-after-support-lines-b/http://www.bloggingstocks.com/2009/02/20/todays-technical-outlook-day-of-decision-after-support-lines-b/#commentsFiled under: , ,

One by one, the key indices appear to be breaking their support lines.

The Dow Industrials were the first to break earlier this week and yesterday set a new bear market closing low. Now the S&P 500 has fallen through its support zone at 800-820 and so has the NYSE Composite. Only the Nasdaq is holding above its January low, while the others are in a full test of the November bear market bottoms.

For several days, I've been comparing this week's market action with the week of Nov. 17, when the market broke to new lows and then reversed. We've discussed the closing low of Nov. 20 and the subsequent reversal on Nov. 21, with its new intraday low, the similarity in the volume, the similar stochastic readings and so on.

Continue reading Today's technical outlook: Day of decision after support lines broken

Today's technical outlook: Day of decision after support lines broken originally appeared on BloggingStocks on Fri, 20 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>barrick goldBarrickGolddjianasdaqs and p 500sam collinsSamCollinsSAndP500technical analysisTechnicalAnalysisFri, 20 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Shorts may feel the squeeze soon]]>http://www.bloggingstocks.com/2009/02/19/todays-technical-outlook-shorts-may-feel-the-squeeze-soon/http://www.bloggingstocks.com/2009/02/19/todays-technical-outlook-shorts-may-feel-the-squeeze-soon/http://www.bloggingstocks.com/2009/02/19/todays-technical-outlook-shorts-may-feel-the-squeeze-soon/#commentsFiled under: , ,

One by one, the key indices appear to be breaking their support lines.

The Dow Industrials were the first to break, but the S&P 500 has also fallen through its support zone at 800 to 820, and so has the NYSE Composite. Only the Nasdaq is holding above its January low while the others are in a full test of their November bear market bottoms.

But despite the full attack on the bear market low, it would be dangerous to assume that a market sell-off is inevitable.

Continue reading Today's technical outlook: Shorts may feel the squeeze soon

Today's technical outlook: Shorts may feel the squeeze soon originally appeared on BloggingStocks on Thu, 19 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bear marketBearMarketdjiadouble bottomDoubleBottominthenewsmcafeenasdaqnyse compositeNyseComposites and p 500sam collinsSamCollinsSAndP500short squeezeShortSqueezetechnical analysisTechnicalAnalysisThu, 19 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Sideways market will challenge traders]]>http://www.bloggingstocks.com/2009/02/17/todays-technical-outlook-sideways-market-will-challenge-trader/http://www.bloggingstocks.com/2009/02/17/todays-technical-outlook-sideways-market-will-challenge-trader/http://www.bloggingstocks.com/2009/02/17/todays-technical-outlook-sideways-market-will-challenge-trader/#commentsFiled under: ,

From September to early November, the volatility was staggering, and if you were on the side of the major trend (down), you've made money. But now traders are grumbling that there just isn't enough volatility to make trading profitable.

On Friday, Standard & Poor's reported that in the past 22 days, the S&P 500 has remained between 805 and 874, or within an 8% range. But during the past 12 days, the closing price range for the "500" has been only about 50 points.

Continue reading Today's technical outlook: Sideways market will challenge traders

Today's technical outlook: Sideways market will challenge traders originally appeared on BloggingStocks on Tue, 17 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaiidjianasdaqnyse compositeNyseComposites and p 500sam collinsSamCollinsSAndP500technical analysisTechnicalAnalysisvolatilityTue, 17 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Holding the line on a dramatic rebound]]>http://www.bloggingstocks.com/2009/02/13/todays-technical-outlook-dramatic-reversal/http://www.bloggingstocks.com/2009/02/13/todays-technical-outlook-dramatic-reversal/http://www.bloggingstocks.com/2009/02/13/todays-technical-outlook-dramatic-reversal/#commentsFiled under: ,

On Thursday, stocks opened sharply lower, with the financial sector caught in a wave of selling. And the selling accelerated during the afternoon as it began to envelope the entire market, driving into the heart of the major support zone of the S&P 500 at 800 to 820.

With one hour left in the session, the broader index was at 810 and falling rapidly. It seemed inevitable that the day would end with a major breakdown and a rush to the November low at 752.

But a story from Reuters that the Obama administration is working on a plan to subsidize mortgage payments and stem foreclosures -- and thus, stop bank write-downs -- turned the tide.

Continue reading Today's technical outlook: Holding the line on a dramatic rebound

Today's technical outlook: Holding the line on a dramatic rebound originally appeared on BloggingStocks on Fri, 13 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>djianasdaqnysenyse compositeNyseCompositeobamaadministrations and p 500sam collinsSamCollinsSAndP500Fri, 13 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Where should you invest now?]]>http://www.bloggingstocks.com/2009/02/09/todays-technical-outlook-where-should-you-invest-now/http://www.bloggingstocks.com/2009/02/09/todays-technical-outlook-where-should-you-invest-now/http://www.bloggingstocks.com/2009/02/09/todays-technical-outlook-where-should-you-invest-now/#commentsFiled under: , ,

After almost four months of trading in a dominant sideways pattern (except for the Nov. 20-21 bear trap), the government now provides some hope of "stimulus" and, just as important, a new bank bailout plan. So, despite the fear readings from the public, more savvy investors with lots of cash appear ready to put some of that money to work.

On Friday, I spent some time comparing the similarities of the 2002-'03 bottom to the current chart patterns of the major indices and the CBOE Volatility Index (VIX), concluding that it looks like the conditions are present to get a meaningful rally underway.

If you agree that the market is poised for a move higher, the question is, "what sectors and stocks should I buy?"

Continue reading Today's technical outlook: Where should you invest now?

Today's technical outlook: Where should you invest now? originally appeared on BloggingStocks on Mon, 09 Feb 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank bailoutBankBailoutcboe volatility indexcboevolatilityindexdjias and p 500sam collinsSamCollinsSAndP500stimulustim geithnerTimGeithnervixMon, 09 Feb 2009 09:30:00 EST<![CDATA[Today's technical outlook: Looking for support]]>http://www.bloggingstocks.com/2009/01/30/todays-technical-outlook-looking-for-support/http://www.bloggingstocks.com/2009/01/30/todays-technical-outlook-looking-for-support/http://www.bloggingstocks.com/2009/01/30/todays-technical-outlook-looking-for-support/#commentsThe market had a normal correction yesterday following the best run in stocks since November, but again the press chimed in with more dire pronouncements of gloom: "Equities down again as economy rears its ugly head," and "Some project unemployment will hit 7.5% in January, and 9% in third quarter," from MarketWatch.com.

Doesn't anyone know that unemployment is a trailing indicator telling us that within three to six months earnings will probably turn higher?

Despite the predictions, stocks continue to hold at the vital S&P 500 800-820 support zone, and last week the tape action even produced a short-term buy signal from the stochastic indicator.

Continue reading Today's technical outlook: Looking for support

Today's technical outlook: Looking for support originally appeared on BloggingStocks on Fri, 30 Jan 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>s and p 500sam collinsSamCollinsSAndP500technical analysisTechnicalAnalysisFri, 30 Jan 2009 09:30:00 EST