Archive for August, 2003

Some Investor’s Business Daily/William O’Neil/How to Make Money in Stocks fans may want to check out the IBD MeetUp. I just discovered that one is going on tonight. I won’t be able to make that one, but I may try to check it out next time around. Here’s what’s on the agenda:

Anyone [...]

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MaoXian has done a Q&A series entitled ‘Trading for Dummies‘. It may be a good review during this dull market.
Update: Just in case anyone is taking the title of that Q&A series too seriously, MaoXian has this to say: “I want to make clear that I’m not being condescending calling that series ‘Trading for [...]

Here are some more blogs that contain trading and/or stock market information. This is a continuation of the list I made back in May. These have been on my blogroll for a while, but I thought I’d highlight them here.

The Capital Spectator
The Learning Curve
Stable Value
Stingy Investor
The Gagalac Style - Charles has merged [...]

It was a pretty listless day today. Volume was extremely light and the indices closed near unchanged levels. About the only thing of interest was the S&P 500 bouncing off of its 50-day moving average. Given that this is a vacation week for many I doubt we’ll see much action unless some [...]

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We certainly had an action packed day on Friday. The market was already flashing signs of a reversal, based on all the bearish candlesticks I mentioned Thursday night. It looks like Intel’s news may have provided the spark to exhaust this latest rally attempt. We had a textbook one-day reversal on Friday, [...]

Intel just lit a fire under the futures this morning. The NASDAQ futures have jumped from -2 to +19 after Intel raised their third quarter guidance. Should be a wild one today.

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The market is still in full bull mode, but the trading got really choppy today. Even after the alleged trading error in the morning, the market couldn’t manage to ramp even after the white hot August Philadelphia Fed index was released at noon. Yet the NASDAQ managed to make a new 52-week [...]

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Isn’t it odd how we only hear about these trading errors when they cause the market to drop? From Briefing.com:

11:29 ET Dow quickly rebounds 25 pts; Goldman Sachs futures desk error blamed for intraday rollover
11:23 ET Market tank blamed on erroneous trade by Goldman Sachs — rumor [...]

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The market continues to hold on to its gains of the last week very well. It certainly feels like there’s a ton of support just underneath current levels. The S&P 500 seems to be drawn to the 1,000 level like it’s a magnet. The Dow is acting similarly with 9,400. [...]

It looks like the ever-lasting trading ranges on the indices might finally be resolved. The Dow and SOX launched out of their ranges to notch new 52-week highs. Meanwhile the S&P 500 and NASDAQ are approaching the upper bounds of their ranges. About the only thing lacking today was volume, which was [...]

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