Charting Stocks

The Dow Jones Industrial Average rose almost 240 points (3.5%) today. As mentioned in a previous post, large daily percentage gains are more consistent with bear markets than bulls. Todays rally was led by banks and REIT’s,  two of the most beaten up and oversold sectors – also consistent with a bear market correction.
Below is [...]

Some of ProShares leveraged ETF’s have not been keeping up with the underlying index it claims to follow. We ran a quick study of the Pro Shares financial ETF’s and found that over the last couple of months, an investor would have lost money regardless if he bought the bull market of bear market ETF.
SKF [...]

There’s no doubt that the buzz words for the week will be “Stress Test.” US regulators will be conducted the so-called bank stress test to determine which of the major US banks are the most vulnerable and may need additional capital. Yes, they’re going to throw more money at bad banks though I believe 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? [...]

Another brutal day on wall street as the Dow Jones Industrial Average gave up another 223 points to close the day at 8273.  The following chart paints a grim picture as to the internal health of the market. The NYSE New Highs-New Lows ratio shows the number of stocks in the NYSE making new 52 [...]