Archive for October, 2009
Oversold Bounce or Higher Low?
Following an impressive surge higher from early October, the market has finally taken a breather. The pullback of the past week has offered at least a short-term change of character that has my attention - and yours as well, I’m sure.
Video Review of the Indexes 10-25-2009
The bulls produced new recovery highs last week (again), but as the week wound down, it appeared as though some fatigue may be setting in. Not only did we see bearish engulfing bars on Wednesday and no new highs after that, but we are also seeing some rest set in with the establishment of short-term [...]
Bearish Engulfing Bars Warrant Caution
Following gains of more than 7% in just a dozen days, today we saw the market averages tag new recovery highs and then reverse sharply to finish in the red. The bearish engulfing bars which resulted on the daily charts aren’t pretty, especially given the elevated volume which accompanied them.
It hints that this market is [...]
Why I’m Not Trading AAPL
AAPL is set to report earnings after today’s closing bell. It’ll be the focus of attention at times both today and tomorrow as the dust settles post-news, but truth be told, I have no interest either way.
Video Review of the Indexes 10-18-2009
The bulls were back at it again last week as they produced new recovery highs in each of the major averages. The net gains weren’t overly impressive, but the mere fact that the market keeps climbing certainly is.
Video Review of the Indexes 10-12-2009
In the last 2 weeks, we’ve seen the market go 2 different directions - and yet nowhere at all.
Two weeks ago, a solid breakdown appeared to be underway as short-term support zones were undercut and volume increased as the selling pressure intensified. However, since then we’ve seen a quick recovery right back up, making it [...]
Huge News at TheStockBandit.com
Occasionally, it’s my pleasure to get to deliver some great news here on the blog.
