Archive for the ‘Indices’ Category
Monday, July 7th, 2008
From Yves Smith over at Naked Capitalism:
"Since I seldom am the bearer of upbeat news, I thought I'd pass along the cheery forecast from market strategists at Lehman and Deutsche Bank, namely, that the Standard & Poor's 500 index will have its best six months since the second half on ...
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Thursday, March 13th, 2008
With the recent lift, albeit possibly temporary, there is no doubt that the SPY is in fact forming a classic double bottom pattern. According to technical analysis, a double bottom is usually indicative of a lift, with the target price being at the distance between the top and bottom of ...
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Tuesday, March 4th, 2008
I may not be the first to say it, but I certainly won't be the last... it may be time to get long. Reference the image below:
While at first glance this chart looks intimidating, its not. The red and black area indicator is the NYSE Summation Index (A popular (or ...
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Sunday, February 24th, 2008
Part 3 in the SPY Symmetrical Triangle series. It looked like the market was going to close down fairly substantially on Friday, until the news of a possible bond insurer bailout resulted in a rip roaring rally into the close. As a result, SPY is STILL trading inside of the ...
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Thursday, February 21st, 2008
This is part of my previous post, commenting on the SPY symmetrical triangle setup. As one commenter duly noted, there hasn't been any really significant volume to confirm the direction going one way or another.
As you can see in the chart above (as of yesterdays close) SPY temporarily breached the ...
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Tuesday, February 19th, 2008
Who would have thought, more writedowns? Who knew!
This shouldn't come as a surprise to those familiar with the credit situation of late. Looks like the Big Boys on the Street may be ready for Round 2 this quarter, writing down north of $200 Billion in losses within the commercial mortgage-backed ...
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Monday, February 18th, 2008
It has come to my attention that the SPY has formed a textbook symmetrical triangle lately. This type of continuation pattern, shown below, is classic before a break in either direction.
With SPY trading below both its moving averages, the amount of bearish sentiment among investors, and tons of upside resistance, ...
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Monday, February 11th, 2008
I recently came across an outstanding article entitled, "Black Swans, Real Estate and Financial Stocks," written by Geoff Considine over at Seeking Alpha. The article nicely compliments my previous post regarding the 3+ sigma events and statistical anomalies that exisit in the market -- think the beginning of 2008.
The article ...
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Monday, February 11th, 2008
As promised, this is Part 2 of my previous entry. In terms of post-capitulation market dynamics, there are a number of events that happen following an exhaustive sell-off. First off, buyers "at the bottom," slowly and cautiously begin to buy stock. Unsure that a bottom has been formed, many investors ...
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Friday, January 25th, 2008
I felt compelled to write to entry after receiving numerous emails about the implications of standard deviation and linear regression while looking at charts. First off, linear regression can be defined as: the best fit of sample data points to a linear model by minimizing the sum of the squares ...
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