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  1. On Alert

    That was not expected. How do you shake up the market on an abbreviated post holiday trading day? A moderate overseas loan default, that's how. The timing of that announcement was interesting to say the least.

    As you know, I've been leaning bearish for almost 2 weeks now, but not overly so. My caution flag was raised after the Seven Sentinels issued their last sell signal on the 16th of this month. I took my profits (for a change) and happily followed that signal (I did front-run ...
  2. No Real Meaning

    Today was typical and expected pre-holiday, very low volume, seasonal action that carries no real meaning moving forward. That means no meaningful analysis can be derived from a day like today. We expected this kind of trading today and we got it.

    So let's take a quick look at the charts and see how they stand going into a post-holiday, shortened trading session:

    3/22/04 - When Is It OK to Get Back In?-$namo-jpg

    Three buys and one sell. Very small moves today with a positive bias. ...
  3. RevShark's Traditional Thanksgiving Post

    This is tsptalk, posting for RevShark:

    RevShark's Traditional Thanksgiving Post

    In the course of our day-to-day lives it is very easy to overlook the many good things in our lives. Every year at Thanksgiving I like to take a step back and reflect on those positive things a bit.

    I am most thankful for my wonderful and loving family but the one blessing that surprises me the most is that I am able to earn a living by trading, investing and writing about the ...
  4. I Thought So

    Yesterday I said that I didn't trust the big rally to open up the week (again). A gap up rally too. That strength led to all but one Seven Sentinel signals flipping to a buy while the lone hold out (BPCOMPQ), remained on a sell, although it came close to a buy itself. I said that the charts didn't look ready for another rally and given this was a holiday week I was concerned the big money was gaming the market in anticipation of Black Friday (and the following trading week).

    I didn't ...
  5. Weaker Tops

    Weaker Tops

    I have to ask myself how long can prices continue to climb when diverging indicators like the MACD, Stochastics, and ADX put in lower highes with each swing high in stocks?

    Is this house of cards due to roll over and do you want to be invested when this happens? Case in point, look at $SPX verses UUP's Dollar ETF. Notice how each swing high in stochastic is lower than the previous one?
    Watch For Stock Market on Local News-sc-png

    Now let's ...

    Updated 11-24-2009 at 12:24 PM by JTH

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