The Arms Index or TRIN is an indicator that I watch closely for short to intermediate-term setups. The indicator which combines ratios of advancing issues to declining issues and advancing volume to declining volume is a reasonably reliable contrary signal. Since mid-October the Arms Index has been generating a number of historically high signals. In the chart below, I used a 10 day exponential...
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TPM Muckraker reports about possible conflicts of inflict in TARP administration. Imagine!Highlights:The department has hired outside private contractors to administer parts of the bailout program, notes GAO. In their responses to Treasury's requirements, six of the eight service providers selected as of November 25, 2008, identified potential or actual sources of conflict. According to our rev...
Darn, those stocktwits people sure do love UltraShort Financials ProShares (NYSE: SKF). It came out on top of their list today, so of course I had no choice but to select it again. Sigh…. But, as you can see, performance is quite good. Check the end-of-trend indicator at the bottom, which gave many good clues about when to exit the positions. So, by my scorebook, I count the first two sho...
GM (GM) distributed its turnaround plan to Congress. It was almost exactly what the market expected, but it fudges one key issue, which is what happens to the company's finances if it loses a great deal more market share. According to the firm, "GM is seeking a term bridge loan facility from the Federal government of $12 billion to cover operating requirements under a baseline forecast of 12 mi...
Upon reflection, the odd thing about the past ten years is how I have felt about the market through much of this time. And my dominant feeling for the majority of the past ten years, depending on the market, has been “Wow, this market sure is stupid.”
I have feelings and they are tingling and they are telling me to be short for tomorrow. I’m taking a heavy position. Hopefully that tingling is not my toes from sitting in the same position too long. Today the market almost went flat, but it was very VERY important that the market closed up and closed up as much as its doing right now - Dow 200. If the market had closed flat or down, then...
Picking out a CEO to go in technology right now might seem as though the argument could be almost any of them if you count share price only. That is doubly true if you look at just DRAM and flash memory makers. But the one stand out company which could use a new CEO is SanDisk Corp. (NASDAQ: SNDK). Dr. Eli Harari is a co-founder of the company, and he sits as Chairman, CEO, and as a member of ...
Filed under: Delta Air Lines (DAL)Delta may still be ready when you are, but in 2009 they're not going to be as big. Citing the global recession, Delta (NYSE: DAL) announced that it will cut an additional 6-8% of capacity in 2009. The move will result in an up to 10% reduction in domestic capacity, when one includes the impact of previously-announced operational cuts. Delta also said it will el...
The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last ...
According to WSJ, former AOL (TWX) Chief Executive Jonathan Miller is trying to raise money to buy part or all of Yahoo (YHOO). Miller, who runs venture capital fund Velocity Interactive Group with partner Ross Levinsohn, the former president of Fox Interactive Media (NWS), has discussed the idea with Yahoo board members, and believes that a deal in the range of $20 to $22 a share is possible. ...