Overheard On The Street
“It’s
interesting how Tuesday the Nasdaq came off right at the confluence of its 50-
and 200-day moving averages,” John Roque of Arnhold and S. Bleichroeder Inc. “If there’s going to be a pullback, it’s probably
going to be around here…”
Dullsville
It was interesting to watch the Naz pull up to
the 50-day moving average, find resistance, then back off…in fact, this was the only thing of interest.
Overheard On The Street
“I’m watching Cisco, like everybody else,” said Arnie Owen, managing director of equities at Roth Capital Partners.
All’s Well That Ends Well
A respectable
day, if on light volume, as a bunch of
glamours did the right things on the tape.
Overheard On The Street
“You have a very split market here,” said Gary B. Kaltbaum, chief technical analyst at JW Genesis Securities.
Of Interest
The absolute
best leadership a market can have is a combo of technology and financial.
Wash-And-Rinse
Why couldn’t
we have gotten more of this 1.8 billion+ volume a month ago?
Just Par For The Course
Many traders
know that the typical behavior in a
bear trend is an up open and a down close. We got exactly that Wednesday.
More Erosion
Regulars to
this space know that I eschew specific
forecasts as to market direction.
The Bounce
At this point,
if you’re following the strategy laid out in the Intermediate-Term
Trading Course that I wrote with Greg Kuhn, you’re sitting in a heavy cash
position.
The Last Of The Mohicans
When they
raid the party, they usually get everyone.
Vacation, Anyone?
Bulls won’t
find any encouragement here.