Posts filed under “Markets”

Chart of the Week: Nasdaq 3 Year Daily Chart

Technimental’s Doug Lomma notes that the weakened internal picture and various broken support
levels on the major indices makes it hard, even with present oversold
conditions, for the markets to make major headway. The length of the current
rally suggest the neutral shift most likely will play out with a deeper
correction, after we finish this oversold bounce.

Nasdaq 3 Year Chart
click for larger graph

Nasdaq_3_year_050905

Source: Redwood
Technimentals

NASDAQ has broken an uptrend line (red line) and still
remains below a downtrend (green line) and resistance (blue line) – So although
oversold it will take a good move above 2,000 on better internals and volume to
make this more than a bounce.

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Random Items:

‘Hitchhiker’s Guide’ to asset allocation

The Perfect Storm That Could Drown the Economy

“I Want My Safety Net”

Why Taiwan Matters

Tug of War: Intelligence vs. Politics

What the “long tail” means for the economics of e-commerce

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Quote of the Day:
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"Become more humble as the Market goes your way."
~ Bernard Baruch
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Category: Markets

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Category: Markets, Psychology

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Category: Investing, Markets

Dow Jonesy Enough for Ya?

Category: Markets, Psychology

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Category: Investing, Markets

Single vs. Multiple Variable Analysis in Market Forecasts

Category: Earnings, Investing, Markets

Impact of Fed on Short-term Trading

Category: Economy, Markets, Trading

Is the Fed a Leading or Lagging Indicator?

Category: Economy, Markets

Will April Showers Bring May Flowers?

Category: Markets, Technical Analysis

Chart of the Week: China M2 Money Supply vs. Chinese GDP

Category: Economy, Markets, Technical Analysis