Chart of the Week: Nasdaq Comp: 52 Week Highs/Lows

The 10-day MA of new highs-new lows on the NASDAQ (green
line) is still trending below the zero line. While it can gauge oversold levels
is also suggests that conditions are weak and deteriorating.

Nasdaq Comp: 52 Week Highs/Lows
click for larger chart

Nasdaq_comp_high_lows_32805

Source:
Technimentals

Kevin Lane observes “After breaking an accelerated up trend
the S&P 500 is probing the January lows (towards 1,160). Some where in and
around these levels as the S&P tests a secondary up trend line and support
we would suggest the market will try to at the very least make a shortterm
bounce.”

>

Random Items:

Recession Alert 

A Layman’s Guide to Fedspeak 

China faces water shortages, mounting pollution problems 

Don’t Discount Discounted Dividends

The Dawn of a New Oil Era? 

Is Microsoft toast?    
Counterpoint
In Secret Hideaway, Bill Gates Ponders Microsoft’s Future

>

Quote of the Day:

"For every complex problem, there is
a solution that is simple, neat and wrong.”
-H.L. Mencken

Category: Markets

Aussie Home Prices Plunge

Category: Economy

Ugly Quote of the Day

Category: Investing, Markets

(Why) You Suck at Investing

USA Today had an interesting article this past week (it happens). The discussion was on the fact that Most Americans no good at investing. A more accurate title would have been "Humans not good at investing." There’s a very specific reason for this; It is something I am in the middle of writing up, and…Read More

Category: Apprenticed Investor, Investing, Psychology, Rules

Fund Flows

Category: Investing, Markets

Dot-Coms vs. Real Estate

Category: Finance, Markets, Psychology

Stock Market Extremes and Portfolio Performance

Category: Investing, Markets

An Excuse for Bad Advice

This chart has been used primarily as an excuse for bad investment advice: Source: Marketwatch Why an excuse? It builds in an out for the advice giver: See, you just have to hold onto stocks long enough . . . then you will outperform other asset classes. Now all we need to do is figure…Read More

Category: Books, Investing, Markets

Death of Equities II

As long as we are talking magazine covers this morn, I am still waiting for someone (anyone) to find this (previously mentioned here) August 13, 1979 Business Week magazine for me: click for larger graphic Many thanks to Paul for the photo (Does this mean you have one?) http://www.flickr.com/photos/pkedrosky/7265064/

Category: Media

The Magazine Cover Indicator Strikes Again!

Category: Markets, Media