Pulte is one of those home builders that seems to only go up. It’s still showing good relative strength vs. most of the market but it’s also in an intermediate-term downtrend. The stock looks like a short-to-intermediate term short right here, with a stop above the 50 DMA.
For the seventh day in a row the S&P 500 has crossed its 200-day moving average. It’s now back below the 200 after another distribution day. This action reminds me of what happened with the Nasdaq a couple of weeks ago. It crossed or tagged its 200 DMA on 13 of 17 [...]
Here are some articles from the current Business Week about how technology is affecting Wall Street:
From Traders to Tech Support (I love that title) — The big firms are switching from selling stocks to selling software that lets clients do it themselves. JP Morgan’s Emily Portney explains.
The Bull Market in Financial Tech —
New [...]
(Another) Mike wanted me to take a look at KKD:
On another note was curious your take on Krispy Kreme; not as a trader but over an intermediate term (6 to 18 months). I’m not that good (yet) at the TA but looking at the weekly MACD and the monthly MACD I notice 2 [...]
We’ve had alternating up & down days for each of the last five sessions and based on the futures that will be extended to six sessions today. I guess the bulls should be happy that the market is moving higher. While I’m trying not to focus on technicals during this earnings season I [...]
We’ve certainly had some violent moves over the last week or so. I can’t remember when the last time I saw the Dow up over 200 points. We even got close to having the trading curbs kick in. So it was clearly a good day for the bulls but to hear all [...]
I just got an email from a friend who’s looking for “Adobe’s historical earnings and growth since the 1980’s”. I’m at a loss as to where he can find that info, aside from digging through Adobe’s site. If anybody knows of a source for that kind of info please let me know.
Minutes after I posted yesterday’s note about us gapping up over the S&P’s 200-day moving average the CPI was released. That report took some of the strength out of the pre-market futures. So the open on the S&P was basically flat. It quickly tested the 200-DMA and fell back for the rest [...]
Here’s a look at PBG for Doc Dan. I saw some mixed signals in the short-term chart but still liked the overall price action, especially with the weakness in the broader market. But the longer-term chart really gives me pause. This stock (like many others right now!) is just going sideways. [...]
We did indeed stall at the 200-day moving average on the S&P 500 yesterday. But the earnings released after hours, mainly Intel and Yahoo!, gave the market a quick boost higher. I don’t like to focus on technicals too much during earnings season because the news flow can easily trump the technical outlook. [...]
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