We’re picking up on a relatively bearish volume pattern in the Dow Jones and S&P Indexes. On downswings in the context of the larger downtrend, we are seeing increased volume to the downside and light volume when price mounts counter-rallies (up-swings). Let’s look at these patterns and see what they might mean. A little background…
Let’s take a moment to look at a fund you may not have been aware of, but that has formed two nice daily divergences which have since resolved that can serve as an educational example. The fund is DUG, the UltraShort (2 times leverage) Oil and Gas ProShares fund (which moves inverse to Dow Jones…
Various sites have popped up which track daily polls and update in real time the current and projected winner of the US Election via the Electoral College vote, and I wanted to share some of those sites with you if you’re interested in keeping up with who’s ahead or behind, and learning more. Whether Americans…
Wow – this week gave us some fascinating action on the US Stock Market indexes. Let’s look quickly at the state of the S&P (daily and monthly chart) and then take a peek at what I saw and commented yesterday on the Russell, which came to pass today. First, the S&P 500 Daily Chart: First,…
Consumer staples (defensive sector) stock Johnson and Johnson has performed rather well in the current uncertain economic environment, as funds and investors have rotated into perceived stable sectors as of late. Let’s see the result of this flow and if there’s a potential trading opportunity now in this stock. Johnson and Johnson (JNJ) daily: Price…
Something interesting is potentially about to happen on the Russell 2000 Small Cap index, and something quite impressive has already just happened. Can you guess what occurred? First, let me start by saying that the Russell came just points shy last week of eeking out a new high for 2008, but was successful in reaching…
If you’ve been frustrated by your trading results for any of the quarters this year, or for the year to date performance, you’re not alone. Many hedge funds, institutions, mutual funds, retail (at home) traders, and almost the whole spectrum experienced underperformance at least at some point since the market turned in October 2007, so…
I just came across a massive resource blog/website with information pertaining to those interested in many aspects of hedge funds that I wanted to share with you. Hedge Fund Blogger describes its site as “Hedge Funds – 500+ educational articles on Hedge Fund and Fund of Hedge Fund managers, jobs, strategies and investments,” and I…
There’s been significant money flow shifts in the current environment, both between asset classes (from commodites into the stock market) and also in individual sectors of the broader stock market (from energy to technology and healthcare and others). Let’s focus briefly on the price action in the Healthcare Sector (XLV) to see how rapidly price…
Mortgage backers Freddie Mac (FRE) and Fannie Mae (FNM) made new lows today, after erasing all gains made from the July ‘Savior Rally” that was widely expected to be the absolute bottom for these stocks. Let’s look at where we are price-wise and how far these stocks have fallen recently. First, their daily charts: Fannie…