Here’s the point. The markets look sick on the back of some of the bleakest economic indicators we’ve seen since the Great Depression. Yes there are some optimists that see the cup as half full, and to counter them, there are the pessimists who see it as half empty. I see it for what it is: completely dry. Not a drop left in the cup.
That’s all that it is, a prediction. Nothing to get all ruffled up about. Robert Prechter is highly intelligent, has written countless books, and is one of the foremost economists in the country. An economist I can truly say I respect after reading several of his books. But this is one of those Nuriel Rubini [...]
*IMPORTANT Point of Clarification: Lightspeed has not purchased Assent, but rather has licensed The Anvil platform, which will continue to be available to customers. The press release actually crossed the wire this morning and can be found on multiple news outlets, or you can read it below: Lightspeed Financial Acquires Exclusive License to Operate Anvil [...]
Notwithstanding my annoyance at last week’s “technical glitch” that probably made a few people over a billion dollars, the problems it caused for my programs because of extremely large tails in many stocks is a bigger hindrance. The lows set on Thursday’s sudden cascade 1000 point sell-off, although we’re being told was caused by a [...]
Projected Retracement Marks: Nasdaq: 1900 INDU: 200w SMA + 2/3. Projected: 9500, 8400 Hang Seng Finance: 1) 29,500 2) 26,750 3) 25,000 4) 17,000 US Short Term Note Yields: Pointing lower GS: Short term target $130. Ugly breakaway gap. Measures same standard deviation as the one above the primary downtrend line. V: Might be able [...]
LONG TRADE IDEAS SHORT SALE IDEAS NTES- 10 count right shoulder filled gap Heavy resistance 37.50. Leg into WEAKNESS OR GET CRUSHED. PCLN- Look at Monthly. 161.8% converges with secondary trendline perfectly. No support untio 173 then 144. BX- trend high is 14.80; MA support @ 14.50 INCY SS @ 15.05 RISK .15 HMA- Oscillating [...]
LONG CANDIDATES SHORT CANDIDATES EMC Limit $18.21 EBAY dark cloud cover. Ready by Tue or Wed for 50% retrace. PAYPAL EUO is 2xshort Euro (2x long USD). Correlates with short GLD. B @ 20L or > 20.85 FAS triple short financials. Moderate but + volume 2-days. Fib 1: 88 Fib 2: 83 50 = 50% [...]
You heard it here first and now it’s been documented. After acquiring Deidrich’s, this company is gonna rip. Hedge funds would be gobbling up this stock right now. It’s worth $180 per share, 3:1 split to follow and after that the data gets fuzzy. The record insider buying and cash on corporate balance sheets is [...]
The 2 MOST essential books in any Trader’s library.
Nasdaq and Dow are at 2/3 retracements of their pullback from mid-January. What happens here is crucial. Is there follow-thru? Or will there be a test of the February Lows first, or even perhaps a higher low? Did the Fed tip its hand and give the all clear sign with the surprise discount hike
Let’s not forget that Investment Capitalist called the market bottom on March 9th as a day that would go down as the easiest reversal signal in history. That’s the day our readership exploded. I want feedback from all of you and I want to hear your ideas as well so feel free to post your [...]
The desk I run is an Institutional Long/Short Equity desk which tries to maintain a “market neutral” book. This doesn’t mean “buy 1000 shares of IBM and 10 puts”. What market neutrality means is that one need not be concerned about the overall direction of the market, as momentum traders are, but rather have long [...]
