The chop continues. Even though it feels like the market’s been getting crushed of late, I still see the trend as sideways. My Multiple Moving Averages (MMAs) are all converged and going sideways. And the NASDAQ is back between its 50 and 200-day moving averages again. The NASDAQ was saved by [...]
Google has filed their S-1 with the SEC. Briefing.com just posted the following (emphasis is theirs… and you’ve gotta love the 14:42 note):
14:42 Market moves to lows of day; hearing large seller of S&Ps
Traders also talking about the ‘deflationary impact’ of the Google IPO auction process, saying that an efficient market [...]
I just got received an e-mail asking what I think about Google’s IPO. I thought I’d answer it here because with all the hype the IPO is receiving, I’m sure many people have the same question. (And besides, I need something to blog about during this boring week.)
Bambi Francisco wrote a piece about [...]
The last two weeks or so have been filled with nothing but choppiness and consolidation. That’s why I don’t do much (swing) trading during these earnings report laden weeks. I’m decidedly neutral on the market right now, but hopefully things will become clearer in a few days. Somebody IM me when we [...]
The market continues what it started before Greenspan threw for a loop…
Well the one (big) thing that could have spoiled that nice technical set-up I talked about yesterday came to pass. As soon as the text of Greenspan’s speech hit the wires the market went into a tailspin. The result is that the NASDAQ obliterated its morning star by closing below the low of [...]
I’m glad to see that more stock related blogs are popping up (even if they are on Clog*Spot). I just added Between the Hedges and Buy Low, Sell High to my list of stock market blogs.
There’s a confluence of bullish indicators on the NASDAQ.
I just added Trader Wizard to my blogroll and my list of stock market blogs. Take a look and be sure to check out the home page. There’s more to the site than just the weblog.
The Big Picture highlights what Mark Cuban has to say about how stocks are valued. (Cuban’s entire statement is here ) Mark is absolutely right that supply and demand, and the mood of the crowd (psychology) matter much more than all that fundamental mumbo jumbo. Especially in the short term.
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