June 2007 Archives

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28

June 27, 2007 Stock Market Recap

After two very choppy days the market found its footing and had a trend day. There are theories for why the market rallied today (rates dropping; Bear Stearns' comments; bears taking cover ahead of the Fed) but I'd like to think that it was just an oversold, technical bounce. The S&P bounced off of its June low, which we've been watching for a few days now, and the Nasdaq rebounded from its 50-day moving average. Volume was basically flat with the levels of the previous two sessions. I would have expected more volume from a day with such a big move in price. Perhaps the looming Fed statement had people holding back just a bit.




Trend Table

No changes.

TrendNasdaqS&P 500Russell 2000
PrimaryUpUpUp
IntermediateUpLatLat
Short-termUp(+)DownLat(+)

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend

Watchlist for June 27, 2007

| 1 Comment

We're gapping down this morning right near the June lows on the S&P 500. Let's see if buyers can defend that support area.

On Today's Calendar:

  • 10:30 -- Crude Inventories

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-27

June 26, 2007 Stock Market Recap

| 10 Comments

Today's trading was almost a replay of yesterday's. For the second day in a row a good sized rally fizzled in the afternoon. In fact, rallies fizzled twice today -- the opening gap got faded, then we got a strong bounce which got faded. Here's a shot of the QQQQ's intraday action over the last two sessions:


Despite the ugly closes the last two sessions the indices remain above their June lows. It sure feels like the market isn't going to move far from this area until after the Fed decision on Thursday. It feels like we're setup for a nice upside pop and the Fed statement may be the trigger.

Charts of the S&P 500, Nasdaq and Russell 2000 are below:

links for 2007-06-30

| 1 Comment
Recent Links

I finally got a chance to play around with my MyTrade page. The site is still in beta but it's coming along nicely. Think of it as a personalized start page, not unlike My Yahoo, NetVibes or Google Personalized Home Page (iGoogle), except MyTrade is geared toward stocks. The site allows you to customize your page by adding various pods (widgets). There are pods for stock watch lists, charts, quotes, news, videos by stock ticker, links/bookmarks, RSS feeds (you can use it to subscribe to blogs or other sites with feeds), etc. They've even made it easy to copy somebody else's page to use as a template for your own page. I know the founders, Andy and Landon Swan, have some more features to roll out. It should be interesting to watch MyTrade grow from its current version 0.03 to version 1.0.

links for 2007-06-29

Subprime Quote of the Day

| 9 Comments

From a Bloomberg article about the second U.K. hedge fund this week to blow up due to subprime mortgage investments (via Jack Stevison):

"The losses are going to be phenomenal" for funds worldwide holding subprime debt, said Peter Schiff, president of securities brokerage Euro Pacific Capital in Darien, Connecticut. "My guesstimate in the subprime world is that the majority of loans are going to go into default. Not just 5 or 10 percent, but the majority."

I'd like to know if there are any funds making money off of these subprime woes. Can these CDOs or whatever the heck they are be shorted?

Watchlist for June 28, 2007

It's Fed day and that means no trading for me. In fact, I won't be trading until the second week of July. With the 4th of July in the middle of next week it's sure to be a slow, low volume week. That's just the kind of week I'd love to avoid -- so I shall. Look for regular posting (watchlists and daily recaps) to resume around July 9th. I do have some book reviews and a few other things to publish so look for those over the coming days. Or, as always, you could just subscribe and they'll come to you.

On Today's Calendar:

  • 10:00 -- Help-Wanted Index
  • 2:15 -- FOMC policy statement

More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic

Potential swing trades:

links for 2007-06-28