Friday, February 27, 2009

Bear Dominance

Lots of mini consolidations have worked out the 'oversold' conditions and this has high potential to cascade from here. DOW 7000 could be the next milestone to give way in due time...

Remember This Chart?

A walk down memory lane.

Wednesday, February 25, 2009

Robert Prechter's Elliott's Wave Count

Prechter Advises ‘Closing Shorts’ on U.S. Stocks

Feb. 24 (Bloomberg) -- Elliott Wave International Inc.’s Robert Prechter, who advised shorting U.S. stocks three months before the bear market began, said investors should now end those bets following the recent market sell off.

Prechter, chief executive of the market forecasting firm, warned in this month’s ‘Elliott Wave Theorist’ that a rebound in stocks could be “sharp and scary” for anyone who is so-called short. In a short sale, investors borrow stock and agree to sell them at a later date on hopes of capturing profit by replacing the shares after prices fall.

“This is an environment of escalating financial chaos,” wrote Prechter who first shot to fame in the 1980s after cautioning investors that stocks would crash two weeks before Black Monday. “Our main job is to keep the money we have. If we exit now, we will do that.”

JPMorgan Chase & Co.’s U.S. equity strategist Thomas Lee today issued a “trading buy” recommendation on the Standard & Poor’s 500 Index as the measure yesterday tumbled to a 12-year low at 743.33 points. Lee set a “short-term” target of 800.

The S&P 500 has sunk 52 percent since its October 2007 record high as financial firms worldwide notched up $1.1 trillion in credit-related losses and the world’s largest economies fell into the first simultaneous recessions since World War II.

In July 2007, Prechter advised shorting U.S. stocks saying “aggressive speculators should return to a fully leveraged short position.” He yesterday recommended investors cover that position.

“The market is compressed,” Prechter said in the note published yesterday. “When it finds a bottom and rallies, it will be sharp and scary for anyone who is short. I would rather be early than late.”

Thursday, February 19, 2009

Tuesday, February 17, 2009

Friday, February 13, 2009

Thursday, February 12, 2009

Check Out CNBC's House Of Cards Special Report

hosted by David Faber(the only guy i truly respect on CNBC) is doing a 2 hour special on this credit crisis. Sounds like it will be worth a watch.
Airs tonight at 9pm west coast time.

Bo Yoder Newsletter

Updates On Recent Charts

Wednesday, February 11, 2009

If They Would ONLY SHUT UP!

This market might stand a chance. These guys DO NOT portray any confidence at all. Or maybe things are so damn terrible that even these smooth charismatic leaders cannot even act confident.

Friday, February 6, 2009

Transport Approaching Resistance

QID On Support As Well

FAZ At Support

Similar to yesterday's trades but this time we are looking at FAZ nearing support. In the premrkt it is at 47.50-ish. Could be worth an entry here.

Thursday, February 5, 2009

Doom & Gloom On Support

usually a good time to get long (not short) and go heavy long if you have the intestinal fortitude...

XBD Broker/Dealer Index Chart Update From a Couple Of Days Ago

Banks tanking yet the brokers have been showing some relative strength leadership.

10 Roads To Richies Posted By Zen Trader's Blog

Wednesday, February 4, 2009

Two Stocks To Watch In Case The Bulls Show Up

Between A Rock and A Hard Place

The churning and grinding between that tight consolidation pattern continues....

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