Posts Tagged ‘stock’
Dow; S&P Break 200-day MA. ‘Flash’ Lows Were Real
Thursday, May 20, 2010 12:05 2 CommentsBoth the Dow Jones Industrial Average and S&P 500 Index are trading below their 200-day moving average. NASDAQ bucked the trend bouncing back above it 200-day MA.
Many analysts in the technical community were unsure if the ‘flash trade’ lows were actual prices which should be included in their analysis, or merely a ‘machine’ blip which [...]
Dow/Gold Ratio Historical Chart (1968-2009)
Thursday, May 20, 2010 10:49 No CommentsChart of the Dow Jones Industrial Average priced in ounces of gold since 1968. The data set used divides the DJIA annual closing price by that years average gold price. Because this is annual data, some of the extreme monthly readings are smoothed out.
The bottom, in our example, occurred in 1980 when the ratio was [...]
Strength in Short (Inverse) ETF’s, Volatility & Treasuries
Wednesday, May 19, 2010 7:08 3 CommentsThere have been a few bright spots in the current selloff. Short (Inverse) ETF’s, which move in the opposite direction of the underlying index, bottomed in April and have been rising since. Volatility, Treasuries and the US Dollar have also been moving higher. The Dollar, however, is overbought as discussed in this previous post.
Proshares Short [...]
Sell in May and Go Away 2010
Monday, May 17, 2010 9:34 2 CommentsThere are some seasonal factors which tend to repeat themselves in the stock market. One of which is the sell off which normally begins during the month of May. We wrote about the May factor last year and, as with most seasonality factors (May effect, Jan. Barometer) in 2009, it didn’t work. May 2009 ended [...]
A123 Systems (AONE): What Happened to that ‘Hot IPO?’
Saturday, May 15, 2010 11:48 3 CommentsTouted by Cramer and other mainstream media pundits as the “Hottest IPO of the Year,” A123 systems made its public debut in September 2009. We, at ChartingStocks didn’t share in the hyped up optimism and suggested that our readers steer clear from this issue for reasons you can read about here.
GE subsidiary CNBC, tried awful [...]
Novell (NOVL): Bullish Long Term Chart
Thursday, May 13, 2010 20:09 No CommentsNovell (NOVL) may be in the early stages of a strong multi-year move as the stock broke above a 6-year downtrend line on record volume. Momentum indicators appear to be turning up as well.
In early March, Novell stock surged on news that hedge fund Elliott Associates offered to acquire the business-software maker for $1 billion [...]
Chart of AIG, FNM, FRE, C, BAC
Thursday, March 5, 2009 18:02 2 CommentsAny Questions?
Cuomo: Merrill Improperly Gave Out Bonuses
Wednesday, February 11, 2009 8:28 3 CommentsIn a letter to Braney Frank, New York Attorney General Andrew Cuomo has accused Merrill Lynch executives of corporate irresponsibility by secretly and prematurely awarding $3.6 billion in bonuses as taxpayers were bailing out the industry.
Cuomo says that instead of disclosing its bonus plan in a transparent manner designed to assure the payments were warranted, [...]
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 49 Comments2009 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? [...]
Inflation vs Deflation: How to Know Which One to Worry About
Wednesday, December 3, 2008 18:17 No CommentsI noticed a couple of comments (OK just one) regarding inflation/deflation and how to know which is dominant. To get the answer I like to use a simple inflation/deflation indicator that I first learned about by reading John Murphy’s Intermarket Analysis book. I highly recommend reading this book to anyone who’s interested in charting stocks [...]





















