Apple (AAPL), Google (GOOG) and Baidu (BIDU) — three of the NASDAQ FOUR HORSEMAN – have been coming up gimpy since their FusionIQ timing sell signals (triggered at much higher levels several weeks ago).
These stocks have fallen precipitously since those Sells.
Only Research in Motion (RIMM) — which gapped open strongly yesterday — acts well. The other three horsemen stocks have clearly broken their uptrends, and are in the process of being repriced. We point this out because trading highly volatile names like these can be dangerous especially if one doesn’t have a Sell Discipline.
Unbiased, indicator-driven trading signals can help make you a better investor. Whether its based on technicals, fundamentals, valuation or quantitative research, having a non-emotional layer to your investing/trading plan is always helpful.
I am biased towards our signals (FusionIQ), but any objective timing method that would have gotten you out of the way in these 3 names weeks ago is a good thing — you would have avoided a lot of pain.
Four Horseman of Nasdaq
The WSJ is reporting that Economicindicators.gov will remain open. To all of you who contacted Senator Schumer’s office: Nicely Done!
From the site:
The U.S. Department of Commerce’s Economics and Statistics
Administration (ESA) has decided to continue the economicindicators.gov website.
Featuring the economic releases from ESA’s Census Bureau and Bureau of Economic
Analysis (BEA), the site was started by this Administration in 2002 to give
greater awareness to these economic statistics. ESA initially planned to
discontinue the service due to cost concerns but given the feedback ESA
received, the decision has been made to continue the site and improve its
A popular feature of the site is the calendar that links
directly to economic indicators on the Census and BEA websites. By continuing
the Economic Indicators (EI) site, the fifteen major indicators released by
those bureaus will still be listed, along with links to the full text of each
release. EI’s information will continue to be provided free of charge.
Many users also subscribe to the site and have economic
indicators and the full releases emailed to them. There are a number of
technical challenges with this aspect of the EI site – the service often backs
up and fails because of bandwidth issues, releases sometimes take hours to reach
subscribers, and some subscribers receive multiple copies of the releases while
others get none at all. The cost of maintaining the site is almost entirely
attributable to operating this feature.
To address these concerns we will redesign the subscription
feature of economicindicators.gov. The new system, which will remain free of
charge, will email an abstract and link so that users can access the full
release on the source website. We believe the cost of rewriting the system
will, in the long-run, be less than continuing to run the existing system. The
new subscription service will be operational in the next few months.
Existing subscribers of the economicindicators.gov service were
offered a free trial subscription to the STAT-USA/Internet service (http://www.stat-usa.gov). A number of you have already signed
up for that and we hope you will make full use of it.
Thank you for your responses to last week’s notice. We look
forward to continuing to provide economic indicators, in the most efficient way