Here's the latest tracker charts for the first week of the new year.
The Top 50 are holding fast to a bullish position. These are generally not the folks who've been moving to cash the past week or so.
The Total Tracker shows a continued uptick in cash levels. That's a rise of 10% in the past 2 weeks.
I don't have much
Quick Holiday Wrap-Up Stocks were relatively flat last week, during the very light volume holiday trading. For the week, the C-fund added 0.09%, the S-fund slipped 0.11%, and the I-fund gained 0.79% with the help of a weaker dollar. Bonds (F-fund) rebounded 0.58% last week, and the G-fund picked up 0.05%. For the month of December, the stock funds did very well. The C-fund was up 6.68%,
UAL looks good to me right now, and I’ve initiated a position with a bit of a different strategy here. I thought taking a minute to explain the technicals and the mechanics of the option position would be helpful. First off, here’s the big picture point and figure chart: My chart notes should say it all, but
The Seven Sentinels remain in a buy condition, but now that the last trading day of 2010 is over I wanted to take a look at where they stand going into the new year.
NAMO has definitely taken a turn lower the past few trading days, while NYMO has tracked mostly sideways. NAMO is on a sell while NYMO is just barely a buy.
Not surprisingly, NAHL is tracking lower while NYHL is moving sideways.
Holiday trading- Stocks drifted modestly lower yesterday on light volume. The Dow lost 16-points while S&P 500 and Nasdaq also saw minor losses, but the small caps and Dow Transports closed slightly higher... Market Commentary for 12/31/10 Current Daily Market Commentary
Happy New Year!