Identifying False Breakouts and Market Reversals
I was watching a false breakout pattern set up this morning and decided to take a few "snapshots" that I could share from my desktop ... ), the areas within the bars are coded red. The top chart shows the S&P emini futures market (ES; half ... high was not confirmed by either the NASDAQ 100 futures (NQ) or the Russell 2000 futures (ER2 [more...]
Date: 2008-07-28 19:51:44
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Wall Street eases back from holiday
NEW YORK (CNNMoney.com) — Wall Street looked to open higher Friday as investors return to work after the Christmas break, ... Friday for a full day of trading. Activity was expected to be limited as many market participants take ... a.m. ET, Dow, Nasdaq and S&P futures were slightly higher with a comparison to fair value [more...]
Date: 2008-12-26 13:46:26
Neff goes bargain hunting
In a battered market, the former Windsor fund manager is finding stocks that meet his strict value standards ... by going against the crowd - such as shorting Nasdaq 100 futures during the tech bubble to pick up 40 ... months of 2008, even tapping his bond portfolio in December for extra cash. On the eve of the New [more...]
Date: 2009-01-07 01:43:03
Neff goes bargain hunting
John Neff feels your pain. The legendary money manager, 77, beat the S& ... at Vanguard's Windsor fund. He has been investing his own money since retiring in 1995. Ever a contrarian, he has continued to thrive by going against the crowd - such as shorting Nasdaq 100 futures during [more...]
Date: 2009-01-05 14:00:45
Technical Picture - Inside Day
The market started off on a positive note given yesterday's extensive selling, but the entire move off of the lows was on low volume ... . Until prices move above the ambush zone, we are still in an ambiguous posture. Nasdaq Emini futures [more...]
Date: 2008-12-03 04:45:43
Shorting Weakness - Lehman Brothers Holdings Inc. (Public, NYSE:LEH)
Last week I mentioned this symmetrical triangle on the LEH daily chart ... of the session. I was watching the Emini NASDAQ futures all day for a trend line break, but the action was so sloppy that I ended up shorting the S&P futures instead. [more...]
Date: 2008-08-12 20:54:16
Trading Key Support/Resistance Levels
POT gapped down and carved out a wide range bearish stick. Place the Fib. lines from the previous day high to the ORL or the key support level as I did here. $80.00 ... to ORH could result in an overly optimistic target.The NASDAQ futures trade is not as obvious [more...]
Date: 2009-01-13 00:54:00
Shorting Weakness - Lehman Brothers Holdings Inc. (Public, NYSE:LEH)
Last week I mentioned this symmetrical triangle on the LEH daily chart ... part of the session. I was watching the Emini NASDAQ futures all day for a trend line break, but the action was so sloppy that I ended up shorting the S&P futures instead. [more...]
Date: 2008-08-12 20:48:06
Technical Picture - Inside Day
The market started off on a positive note given yesterday's extensive selling, but the entire move off of the lows was on low volume ... posture. Nasdaq Emini futures trade - took some off when we retraced back to yesterday's late session [more...]
Date: 2008-12-03 04:50:39
Neff goes bargain hunting
NEW YORK (Fortune) -- John Neff feels your pain ... points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own ... - such as shorting Nasdaq 100 futures during the tech bubble to pick up 40% returns after the bust [more...]
Date: 2009-01-05 14:00:45
TODAY'S OPEN: UP (pfblogs.org)
Financial Industry Turmoil Deals Another Damaging Blow to Major IndicesPICTURED BELOW: The S&P 500 Index fell -8.81% yesterday and hit a new 2008 ... on the major exchanges compared to the prior session, indicative of heavy distributional action as mutual ... a 17-to-1 ratio on the NYSE and by a 6-to-1 ratio on the Nasdaq exchange."S&P 500 futures [more...]
Date: 2008-09-30 12:45:13
Neff goes bargain hunting
Neff goes bargain hunting Submitted by admin on Mon, 01/05/2009 - 11:13 John Neff John Neff feels your pain ... points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own ... - such as shorting Nasdaq 100 futures during the tech bubble to pick up 40% returns after the bust [more...]
Date: 2009-01-05 15:13:17
Market Corrects to Selloff, Holding 20 Day SMA
(Note: Unless otherwise stated, the index action described below relates to the EMini futures contracts for the respective indices ... resistance in the Nasdaq. Shortly after 14:00, however, the index futures popped sharply higher [more...]
Date: 2009-01-09 07:15:51
The Market’s Initial Take
Trading is open on CME GLOBEX. Equity indices up slightly–S&P emini up 1.75, Dow up 20, NASDAQ up 4.25 ... . Perhaps most importantly, Eurodollar futures up 2.5 (meaning a 2.5 basis point decline in forward 3 month LIBOR) and Fed Fund futures are down (meaning a 3 basis point increase in the Fed Funds forward rate [more...]
Date: 2008-09-28 23:04:17
Wall Street has job report jitters
Teaser: New York -- Stocks were set for a lower opening Friday as Wall Street prepared for an expected poor report on the U.S. jobs market ... about the manufacturing sector, the online service said. The Census Bureau's report, issued after trading ... . Story: Hours before the opening bell, Dow, Nasdaq and Standard & Poor's 500 stock futures [more...]
Date: 2009-01-09 17:45:56
WSF Headline Roundup - 10/28/08 - Global stocks rally over night; Japan naked short selling ban; Iceland raises key int rt to 18%; GE tests Fed CP facility; FNM / FRE spreads widen; More banks in Treasury facilty; Barclays Russian loans; GM/Chrysler aid
U.S. stock futures jump as Fed begins deliberations Global stocks rebound U.S ... at Dillard's U.S. stock futures jump as Fed begins deliberations - MarketWatch U.S. stock futures ... cuts are seen as a near certainty. S&P 500 futures climbed 32.4 points to 867.10 and Nasdaq 100 [more...]
Date: 2008-10-28 11:33:00
Investors Brighten After Wrenching Sell-Off
Storm After Monday’s meltdown, investors are tiptoeing back into futures Tuesday, suggesting an early rally for markets ... and Nasdaq Composite gave up nearly 9%. The Chicago Board Options Exchange’s volatility index, or the VIX [more...]
Date: 2008-12-02 14:19:06
Morning Update
Job Losses MountThe government reported more than a half million job losses for the second month in a row and the prior two months were revised ... S&P 500 Index Globex futures contract is 1 point above fair value, the Nasdaq 100 Index is 1 point [more...]
Date: 2009-01-09 13:07:00
Stocks set to drop as jobs in focus
NEW YORK (CNNMoney.com) ... more than 3%. European stocks fell in early trading. Oil eased 8 cents to $48.50 a barrel ... ' focus. At 4:30 a.m., Nasdaq, Standard & Poor's 500 and Dow Jones industrial average futures were [more...]
Date: 2009-01-07 09:37:13
Stock Market Dictionary - F
FFifth letter of a Nasdaq stock symbol specifying that the issues is a foreign company ... Insurance AssociationFCMSee: Futures commission merchantFDISee: Foreign direct investmentFDICSee: Federal [more...]
Date: 2009-01-02 16:37:00
Today’s close: Down 4.65%
A massive build-up in crude oil inventories shelled the oil futures to the tune of 12 percent and bad news from Alcoa, ... %, the Nasdaq lost 3.23% and the S&P 500 fell 3.00%. More at the Market Watch wrap [more...]
Date: 2009-01-07 21:26:07
Stock Market Dictionary - C
CFifth letter of a Nasdaq stock descriptor specifying that issue is exempt from Nasdaq listing requirements for a temporary period ... taxesCFCSee: Controlled foreign corporationCFRSee: Cost and FreightCFTCSee: Commodity Futures Trading [more...]
Date: 2009-01-02 16:33:00
Stock Market Dictionary - H
H Fifth letter of a Nasdaq stock symbol specifying that the issue is the second preferred bond of the company ... Futures Exchange HLT See: Highly leveraged transaction HM The two-character ISO 3166 country code [more...]
Date: 2009-01-02 16:38:00
Stock Market Dictionary - K
KFifth letter of a Nasdaq stock symbol specifying the issue has no voting rights ... and options exchange for no. 2 red wheat futures and, options, Value Line Index futures and Mini Value Line ... and Financial Futures ExchangeKLSESee: Kuala Lumpur Stock ExchangeKMFThe ISO 4217 currency code [more...]
Date: 2009-01-02 16:42:00
Stock Market Dictionary - D
DFifth letter of a NASDAQ stock symbol specifying that it is a new issue, such as the result of a reverse split ... commodity, futures, and options markets are allowed to rise or fall in a day. Exchanges usually impose ... in the context of stocks to refer to the date trading begins on a new stock issued to the public.Date [more...]
Date: 2009-01-02 16:33:00
Week in Review: Small Cap Outperformance
While the large cap stocks remained range bound for the week (SPY; top chart), unable to sustain a rally above 900 in the S&P 500 futures, small cap stocks benefited from end ... session in which new 20-day highs exceeded 1000 among NYSE, NASDAQ, and ASE exchanges, despite the choppy [more...]
Date: 2008-12-20 00:52:00
The IT economy is sailing into unknown waters
This is a guest post from Larry Dignan. You can read the original article on Larry’s blog Between the Lines on TechRepublic’s sister site ZDNet ... that the stock futures can’t fall any lower before the market opens, that lack of visibility is critical ... Trust, a proxy for the tech-heavy Nasdaq, year to date through premarket trading: qqqq.png Let’ [more...]
Date: 2008-10-24 13:04:44
No Shame Crowd Deserves the Gulag
Good Evening: The news flow that affected our capital markets today actually started last night when Fed Ex and Texas Instruments posted negative ... joined this morning by Con-Way freight. U.S. stock index futures were under pressure for most ... were down 2% to 5% with 90 minutes to go in the trading session. Word that the financial aid package [more...]
Date: 2008-12-10 02:00:12
Job Report Jolts Wall Street
NEW YORK (CNNMoney.com) -- Stocks tumbled Wednesday morning after a pair of weak readings on employment raised the alarm ahead of Friday's bigger ... were down in afternoon trading. The London FTSE lost 2%.The decline in futures and international stock indexes follows a relatively strong day on Wall Street. On Tuesday, the Dow Jones industrial [more...]
Date: 2009-01-07 15:26:00
Morning Update
Unpleasant Employment Data Sours SentimentMacro-economic worries are once again influencing shares and sending the market lower after ADP reported ... , and markets overseas are mixed. As of 8:35 a.m. ET, the March S&P 500 Index Globex futures contract ... are designed to conserve cash, cut costs, and improve competitiveness.Monsanto (MON $73) is tradin [more...]
Date: 2009-01-07 15:45:00
Thinkorswim- The Best Brokerage
by Walter Fox A time when the financial institutions because of their harsh conditions easily was not getting credit ... categories including equities, the fund currency, bonds, futures trading of mutual funds can help ... . More and more people jumped into the competition, introduction of online options trading systems. They are aware [more...]
Date: 2008-12-29 17:17:10
Tough time to be the new LendingTree
The folks at IAC (NASDAQ:IACI) broke into five different companies this week with the real estate and mortgage related assets now under the ... broker with simply the best domain name in the business. The rest of the properties are a collection ... Realtor.com is lumbering more quickly these days.) The big question for the future of this unit is whether [more...]
Date: 2008-08-21 16:34:58
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
2009 Top Stocks: A Bull with Growing Horns
In trading earlier this week, several water companies got off to a great start. Midway through trading on Monday, Northwest Pipe (NASDAQ: NWPX), Layne Christensen (NASDAQ: LAYN), Gorman Rupp (AMEX: GRC), and Badger Meter (NYSE: BMI) were all showing sizable chunks of green.Yet other water industry stalwarts, like Consolidated Water ( [more...]
Date: 2009-01-11 08:10:00
US stocks stumble on job report
Unemployment surges to sixteen year highSadness continued to grip Wall Street since the start of FY 2009 and stocks registered good losses during the ... . Trading volumes during the week remained quite low due the start of the week but picked up later.There ... that day, the Dow Jones industrial average ended lower by 143 points at 8,599, the Nasdaq [more...]
Date: 2009-01-12 04:10:00
Roger Biduk - Wal Mart Stiffles Wall Street
Roger Biduk writes: U.S. stocks on Thursday overcame most losses sparked by Wal-Mart Stores Inc.’s gloomy forecast, gaining some relief after lawmakers reached an agreement with Citigroup Inc. on a proposal intended to reduce home foreclosures. Bouncing back from a triple-digit decline, the Dow Jones Industrial Average (INDU) ended down 27 [more...]
Date: 2009-01-09 02:20:59
Investors Expect a Respite, After Five Days of Gorging
Several days of gains has reduced enthusiasm for equities headed into a shortened, tryptophan-influenced session, ... sway through the early 1 p.m. close of trading. India’s Bombay Sensex Index has managed to remain ... turmoil,” writes Ashraf Laidi, chief forex strategist at CMC Markets. [more...]
Date: 2008-11-28 14:54:24
Roger Biduk - Brutal Jobs Report Sinks Wall Street
Roger Biduk writes: U.S. stocks on Friday fell for a third straight session to finish sharply lower for the week, after the government’s much-awaited layoff tally for December confirmed last year as the worst for labor since World War II ended in 1945. “We’re concerned that the equity market can only absorb so much bad news [more...]
Date: 2009-01-10 03:36:29
Jim Wyckoff’s Morning Blog–Friday
Friday, January 10–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There was no major market feature in overnight/early morning trading today, as traders await this morning’s key U.S. jobs report. JIM’S MARKET THOUGHT ... trading today. Bulls have faded this week. March S&P 500: The shorter-term moving averages [more...]
Date: 2009-01-09 13:08:33
Friday's Commentary & When to Chase a Trade
Updated late Tuesday and Friday nights Friday’s Close for Jan 9th, 2008 Written by: Mike Coval It was not much different than we expected, ... out of work kept the price of Crude futures flat and trading at $40.70 a barrel. Track the price of crude with the Oil ETF, USO. Mega player Chevron, CVX, fell $1.42 after issuing a profit warning [more...]
Date: 2009-01-10 00:43:26
NASDAQ Technical Picture - Snooze Fest - Low Volume Inside Day
The markets opened on a slightly negative note following some unfavorable news items from JPM, MS, and UBS, ... at 10:35. NVDA and CREE trading up in AH on earnings. This is a 15 min. chart of the S&P Emini futures. I waited all day for a short to set up. It was a quick move to the next support level (blue [more...]
Date: 2008-08-13 01:43:25
Notes on the crisis
I’m standin’ in the shadows with an aching heart I’m lookin’ at the world, tear itself apart — Bob Dylan, ... hedge fund. The charge is not far-fetched: Porsche made substantially more profit exercising options (another company’s options) than it did selling cars. We saw the world’s biggest insurer [more...]
Date: 2008-12-13 21:12:38
Carbon trading $118 billion in 2008--why they won't admit global warming is a fraud
SI cover, March 2007. An unfortunate propaganda piece using players and fans of baseball. LONDON, Jan 8 (Reuters) ... and North America’s only legally binding rules-based greenhouse gas emissions allowance trading system, as well as the world’s only global system for emissions trading based on all six greenhouse gases [more...]
Date: 2009-01-09 00:11:00
BDS Media Meme Destroyed: Weak Dollar Doesn't Mean Higher Oil
As oil and gasoline prices rose throughout much of this decade, a popular media meme was that a lower dollar was largely to blame ... culminating in the commodity futures bubble that peaked in July. Yet, since early November, oil ... to that! In the end, there were a number of factors that created the energy/commodity futures [more...]
Date: 2008-12-20 17:05:30
Very Weak Day on the Street
By Harry Boxer, The Technical Trader The stock market had a strong sell-off today on negative individual company and economic news. The market indices gapped sharply lower as the futures were down sharply before the opening. They then bounced back a couple times to test resistance and failed both times, and in the afternoon [more...]
Date: 2009-01-08 16:06:00
Wall Street awaits jobs report
NEW YORK (CNNMoney.com) -- Wall Street prepared Friday for a report expected to show another huge decline in jobs, ... stock futures were lower. Stock futures give an early indication of market sentiment and can signal how the market will open, although that sentiment was likely to change after the release [more...]
Date: 2009-01-09 09:33:45
Four at Four: Sell on Jan. 2 and Go Away?
For those who hinge their outlook on the year on its first few trading days, ... of Voorhees, NJ-based Ameriway Financial Services. VIX The trend in the Chicago Board Options ... a little more easily. Action in the near-term futures, however, shows the era of good feelings may [more...]
Date: 2009-01-02 12:19:00
Citi nears Morgan Stanley brokerage deal (Reuters)
Reuters - The break-up of U.S ... nears Morgan Stanley brokerage deal (Reuters) Full Story -> Share This Traders work ... futures pointed to a mixed open on Wall Street on Monday while investors worry about corporate [more...]
Date: 2009-01-12 13:03:23
Satyam's accounting fraud spooks market; Satyam plunges 78%
Just as the market was recovering somewhat, India's fourth largest IT firm Satyam Computer's explosive revelations send the Sensex on a southward spiral. Satyam shares plunged a whopping 77.69% as chairman Ramalinga Raju resigned after announcing during trading hours today, 7 January 2009, that the company's accounts were inflated artificially [more...]
Date: 2009-01-07 15:26:00
