Feb
18
A New View…Can Trend Investing Lead to Profits?
Today being a holiday, I was doing a little catch-up reading in the “Financial Timesâ€? where I read an interesting article on Contrarian Investing. Contrarians believe that you can not make money following a trend. As soon as you catch on to the trend, they reasoned, it was probably ready to reverse. You’d always be getting on board the wrong train, going in the wrong direction, at the wrong time. “You can be a contrarian; or you can be a victim,â€? as quoted by stock guru, Rick Rule, puts it. […]
Jan
30
The Fed cuts interest rates 50 bp
The March NASDAQ 100 closed lower on Wednesday despite today’s 1/2% cut in interest rates by the Fed as it attempts to bolster the economy. Profit taking along with overriding fears of a possible economic recession led to the late-day sell off. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish despite today’s poor performance signaling that sideways to higher prices are possible near-term. Closes above last Friday’s high crossing at 1873.50 are needed to confirm that a short-term […]
Jan
11
Dec
18
Where’s Santa???
Persistent selling throughout yesterday’s session fueled a steady intraday downtrend that caused several of the broad-based stock indexes to break key technical support levels. After gapping lower on the open, the equities markets headed south and never looked back. The Nasdaq Composite tumbled 2.3%, the S&P 500 1.5%, and the Dow Jones Industrial Average 1.3%. The small-cap Russell 2000 fell 2.0%, as the S&P Midcap 400 lost 1.7%. Like the previous day, all of the major indices closed at their intraday lows. Higher volume accompanied yesterday’s sell-off, causing both the […]