Archive for April, 2005

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 [...]

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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 [...]

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(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 [...]

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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 [...]

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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.

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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 [...]

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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. [...]

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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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