Posts filed under “Finance”

Giving the benefit of the doubt to the Bears

James “Rev Shark” De Porre writes a nice trading diary for TheStreet.com’s premium product, RealMoney.com.

He had some worthwhile comments this AM regarding the technical picture of the major indices, using 50-day simple moving averages as a rough way to measure momentum.

Jim notes that “when a stock breaks below that level it reaffirms the problems that a break in the trend line is indicating.”

· The S&P 500 has broken its trendline and its 50 dma;
· The DJIA has broken its trendline and its 50 dma;
· The Nasdaq has broken its trendline but is still holding its 50 dma;
· The Nasdaq 100 has broken its tendline and is holding its 50 dma;
· The SOX is holding both its trendline and 50 dma, which is a positive. (Watch this group closely. If it takes out support it bodes poorly for the broader market, particularly the Nasdaq);
· The Russell 2000 has broken its trendline but is holding its 50 dma. (Small-cap should lead a bounce so watch this group)

He’s short the QQQs, and thinks there are “plenty of technical problems out there”

Category: Finance

The Amazing Disappearing Tax Revenue

Category: Finance

Defense Spending ?

Category: Finance, War/Defense

Mutual Fund Round Up

Category: Finance, Media

Enron untouched in fight against corporate fraud

Category: Finance, Media

Bond Market Slams on the Brakes

Category: Finance

More lag . . .

Category: Finance

Economic Data Imperils Rally

Category: Finance

Terrorism Futures Market: Much Ado About the Wrong Thing

Category: Current Affairs, Finance, Politics, War/Defense

Weekend Reading

Category: Current Affairs, Finance, Politics