Did you know General Electric (GE) posted record revenues last quarter? That has not really helped their stock, has it? Remember always, price is the ultimate indicator, which is why I rely more and more on charts. Fundamental analysts and company management can...
There's a great story I read in the New York Times. It’s part business/part technology. While it delves into some pretty sophisticated topics, I'll try and summarize it as best I can right here. The author, Anne Eisenberg, wrote about an experimental website,...
Frequent readers have seen earlier posts where I have discussed option expiration week and the volatility that comes with it. But there was scant mention of option expiration at all this week. Options expired on Friday and the Dow Jones dropped 220 points. Instead,...
In just the last month, assets in exchange traded funds increased $17 billion. Total assets in ETF's now total over $600 billion, according to State Street Global Advisors of Boston. Yeah...so? I'll tell you why this matters. In 1994, the first ETF's were launched....
The Dow Jones industrial average dropped below 12,000 today, March 7. In technical terms, this is a significant move. On my point and figure charts this represents another sell signal and tells us that the average may have further to fall. Not that I want to be in the...
It appears that nearly everything written or said on Wall Street has an agenda behind it. This is just a casual observation I've made over the past few months. It seems that, in the last few months, the clients that happen to call me on an option expiration day...will...
Lots of people are buzzing because the Dow is at 13,000. Let me tell you, the return over the past six years from the Dow Jones is less than what you could have earned in a money market account. Don't get too excited. As I showed you last week, small cap stocks have...
Friday was a wild day -- market up 130 points. Why? Two reasons. First, Friday was option expiration -- which always leads to more volatility. The most volatility occurs during expiration week each month. So, am I saying the market will fall from here? No! But it...
In my previous message, I talked about how we moved to defense twice in 2004, but it seemed the market didn't go down either time. If the markets weren't going down, why get defensive? It's an example of where the "generals" stay to fight, but the "soldiers" were...
After Thursday and Friday's action, the "NYSE Bullish Percent" has now reversed down into a column of O's. This reversal down into O's means the defensive team is on the field. So we move into a wealth preservation mode from a wealth accumulation mode. Does this mean...
