Charting Stocks

Citigroup (C) and Bank of America (BAC) won’t live to see May in  current form. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening. [Update: US Government became Citigroup's Largest Investor 2 Days After This Post]

If there’s one thing our readers know, it’s that [...]

2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]

As of 01/02/2008 the the year price target on the S&P 500 set by the Chief Investment Strategists at the major investment banks are as follows:
Strategist Year End Price Target
Citigroup                                   1675
HSBC                                          1700
Credit Suisse                              1650
Bank of America                         1625
UBS                                             1700
Morgan Stanley                           1525
Bear Stearns                                1700
Goldman Sachs                           1675
JP Morgan                                    1590
Lehman Brothers                         1630
Wachovia                                     1590
Merrill Lynch                                1525
Average 1632
Average [...]

Charting Stocks
First time readers are encouraged to read my 2007 outlook report which was written on January 1, 2007. Click the link below to read.
The Coming Stock Market Crash of 2007
In my previous post, I mentioned that the short term move up would most likely stall at 13,500 on the Dow Jones Industrial Average. I [...]

March 4, 2007
The Bear Market Has Begun
(Update 2008: OK, so I was a bit early!)
In “The Coming Stock Market Crash of 2007,” I made the case for a major stock market decline based on both macroeconomic events and technical weakness emerging in the global financial markets. At the time, my view was against [...]

Charting Stocks Weekly Update
Negative divergence has been present in the major average for the past couple of months. Meaning that while the price action of the major averages have been moving higher, some of their respective indicators have been moving in the opposite direction (lower). In a true uptrend, you’d like to see [...]

January 1, 2007
Charting Stocks 2007 Outlook:
The case for a Stock Market decline in 2007
-Contraction of the manufacturing sector: Usually precedes a recession
-Auto production declining by more than 10%: Usually precedes a recession.
-The collapsing real estate market: Public Home Builders report record cancellations. KB Homes 53% of orders were cancelled in 2006. Pulte Homes 36%, [...]