If you’re interested in doing some research into the VoIP space you may want to start at Jeff Pulver’s weblog. He’s the co-founder of Vonage and several other organizations, and will be speaking to Congress at tomorrow’s VoIP hearing. I especially like the post of his that points out the lunacy of Thanksgiving [...]
MaoXian is posting some real-time commentary on the action in the VOIP plays (EGHT, NTOP, VOCL, DDDC, VTEK) today. Seems like everybody is watching/commenting on these things today. This action is reminding me so much of the good old days (1999 - 2000) when Briefing.com and/or CNBC could mention a story and cause [...]
Today was a rout for the bulls. The market gapped up and never looked back. Todays’s rally brought all the major indices back above their 50-day moving averages. The bulls really need to make a higher high on this move or we may be in danger of making a head & shoulders [...]
We’ve now had 3 days of thrashing around the 50-day moving averages on the indices. I’m getting a sense of déjà vue because this is exactly what happened at the end of September. The S&P chart shows this action well:
You can see how deeply oversold we are by the stochastic reading. Unless [...]
The 50-day moving averages were broken across the board today. The S&P and Dow looked as if they’d hold theirs until the last few minutes of the day. Those two indices are still very close to their 50 DMAs, so they could easily get back above them. The NASDAQ-100/QQQ looks the worst [...]
You know I hate these gap-up openings… especially after such an obvious set-up like that 50 DMA bounce. That’s why I keep Rule #1 taped to my monitor. This looks like a good day for it. We’re still in the green, but a lot of stocks are below where they opened. [...]
Last night when I mentioned looking for a bounce around the 50-day moving averages I had no idea we’d get there this quick. It’s clear that technical traders went to work today, once again buying at that popular moving average. This is the third time since late September that the indices have found [...]
I just noticed a surge in hits over the last hour. Turns out that somebody on the PrudentBear.com forums linked my October post about the (alleged) broadening top pattern. It’s good to see that there are still a substantial number of bearish people in the market… I was thinking that they’d all [...]
Once again the market ran into considerable selling pressure at the November highs. Friday saw relentless selling which brought the indices back to the bottom of the November range. Once again I’m not seeing much of anything that I’d like to trade. I don’t see that there’s much to do but wait [...]
So far the last few days is looking like a textbook pullback to support. Since we got that bounce at the middle Bollinger Band and the stochastic is still in oversold territory. I think it makes sense to at least expect the upper Bollinger Band to be hit. That line now [...]
Top New Books
