Meet the plunge protection team
Posted by Editor on Sep 24, 2010 | Leave a Comment
SharePPT: for real?Some interesting vignettes.
The word plunge is very close to us… It brings visions of markets collapsing, deep despair, depression-era soup kitchens and market operators raking it or breaking it. “Plunge” not only has direct ties to the stock market but also to some of the greatest sea-changes that occurred in America, whether they were initiated after the depression in 1930 or after...
Markets at a juncture
Posted by Editor on Sep 22, 2010 | Leave a Comment
ShareOnce again, a multitude of technical indicators are signaling that markets might be at a crossroad. One of the definitions of a crossroad is “a crucial point especially where a decision must be made”.
I am positive that those who are watching have their fingers on the trigger. What I cannot tell is whether they will shoot up or down. One thing is for sure, time has come for the gunslingers...
The real maginot line
Posted by Editor on Sep 08, 2010 | 2 Comments
ShareSome believe markets have set a bottom. Boyplunger is on that camp.
It remains to be seen whether the 78 WMA is going to be able to resist the onslaught of bad news and bits of selling pressure that have been persistent for the last 4 months. However, past history favors its success. Taking a closer look at its behaviour during the last decade, shown in the accompanying charts, it is clear that this line acted...
Super traders
Posted by Trader X on Sep 05, 2010 | 4 Comments
ShareJesse Livermore
In times of distress, it is always useful to remember that past traders with skills vastly superior to ours also struggled from time to time. To succeed, it is not only essential to become a student of the game but also to study those who -in spite of having odds against them- were able to overcome great difficulties and make it to the final line. I can’t list all the traders I have on my list...
Is increasing MZM growth rate the answer?
Posted by Editor on Aug 27, 2010 | 4 Comments
ShareFriend or foe?
One critical piece of information that may tilt the balance at some point and help unleash a renewed wave of consumerism that may include the purchasing of anything from real estate to stocks, is the data referenced by MZM or money with ZERO maturity. A quick interpretation of MZM is that it shows the liquidity in the system that may come as a result of fear when market participants -induced by a “flight...
Are we there yet?
Posted by Editor on Aug 23, 2010 | 2 Comments
ShareEveryone is waiting on China.
The correction that started on May 6th after the mini crash that went unexplained, has been nothing but brutal. A good number of stocks have lost steam to the point the drops resemble the 2008 end of the year scenario. Only the leaders have remained strong, advancing yet slowly or at least stalling their advance but keeping their hard earned price levels. A quick look at the charts...
Set up, run up, top and decline
Posted by Trader X on Aug 23, 2010 | Leave a Comment
ShareA new look at price action
Many great traders swear by price action. Yet seldom can come up with a precise definition, not the least an idea of what really entails. Suffice to say that for them everything evolves around price. Investopedia’s defintion doesn’t help either …”No two people will analyze every bit of price action the same way, and that is why a lot of traders find the concept...
And while bonds suck air out of stocks…
Posted by Trader X on Aug 20, 2010 | Leave a Comment
ShareThe containers segment looks very healthy.
…the world continues its march towards progress and prosperity unabated.
Although a healthy worlwide market for finished good does not necessarily equate to prosperous nations, it does reflect that international commerce is alive and well. The steady upward rise in the ConTex index (Container Ship Time Charter Assessment Index) tells this story. The index is updated...
Rubberbandish
Posted by Trader X on Aug 17, 2010 | Leave a Comment
ShareOne word: overextended. That is, government bonds.
This site has mentioned before that all the gloom that has been perpetrated by the media may not be so. Or not as much. Some indicators -under the hood- have been flashing alerts that economies around the world are not moving backwards. Case in point, the multiplicity of breakouts for base metals. In addition, it was said that some shipping indexes such as the...
Digging for hot penny stocks
Posted by Editor on Aug 16, 2010 | 5 Comments
ShareSpecialty chemicals for the oil service industry.
Penny stocks have a bad reputation but it may all be relative to context. Take the recent years where many stocks were pummeled mercilessly due to the credit crunch but had been able to survive the storm and also were able to adjust their books to jump-start growth. Add into the mix that some of these cheap stocks belong to companies that operate within industries...
