| Search by tag or site | Login to my blog ? Start my own blog |
 |
Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Canslim.net Morning Comment (for Traders)
for Monday, August 13, 2007
Rally Technically Ends as Dow Undercuts Prior Low
- Kenneth J. Gruneisen, CANSLIM Certified, Registered Principal, Source Capital Group, Inc. (Members NASD, SIPC)
Volume totals on both exchanges were lighter than Thursday's heavy sell-off, however early-morning weakness on Friday sent the Dow Jones Industrial Average and NYSE Composite plunging below their recent lows. Technically, the breach of prior lows has ended the market's latest rally effort. Decliners trumped advancers by a 20-to-13 ratio on the NYSE and by a 18-to-13 ratio the Nasdaq exchange. The number of new 52-week lows easily topped new 52-week highs on both exchanges. Lacking leadership, only 14 high-ranked companies from the CANSLIM.net Leaders List made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, much lower than the 43 stocks that appeared on the prior session. Poor market internals suggest that large institutional investors are unloading shares rather than accumulating them. (sign up is free)
STOCKS BREAKING ABOVE AND BELOW THEIR 50 DAY & 200 DAY M.A.
John Hussman's Market Climate for 8/13: "As of last week, the Market Climate for stocks remained characterized by unfavorable valuations and unfavorable market action. While we had lifted a portion of our short calls in the prior week as the market declined into the low 1400's, last week's mid-week market advance was accompanied by tepid market internals. Despite the moderate net gains in the major indices for the week as a whole, declining stocks led advancing stocks."
Dr. Brett's blog: Market Perspective 8/13: Trying to Stabilize: "We've seen considerable gyrations in the past week, with both bears and bulls ultimately frustrated as we could neither hold fresh highs or lows. We're seeing considerable variation in performance by sector. The S&P Industrials, for example (XLI), hit new price lows on Friday, as did Consumer Discretionary stocks (XLY) and Technology issues (XLK). Consumer Staples (XLP) and Utilities (XLU) remain well above their lows."
Media Digest 8/13/2007 Reuters, WSJ, NYTmes, FT, Barron's
The Safest Stocks in a Dangerous Market from Investors Business Daily
Upgrades / Downgrades / Initiations
7 Stocks You Need to Know for Monday TradingMarkets.com
Stocks in focus for Monday MarketWatch
TraderFeed has: Ideas to Start Another Volatile Stock Market Week
Take a look at OIH and IYE. Both are ETFs in the oil biz. They're the easiest way to play the escalating price of oil. Boone Pickens says oil will hit $80 a barrel by the time he hits 80 (about 10 months). I think he's right. I'm convinced we'll see oil at $100 within five years. For the absolute best explanation of oil's future go to Jim Kingsdale's Energy Investment Strategies web site and read his latest August, 2007 newsletter. Click here. He has a bunch of investment recommendations.
10 Fast-Growing Large-Cap Stocks from IBD
Prophet.net's technical analysis glossary
- Market Wrap Links For Week Ending 7/25:
- Prudential, Keller Williams Agents Get Top Ratings
- What Is Washington Smoking?
- Pre-market Open News & Links For Friday
- How Housing Rescue Bill Can Help You
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- Millionaire Now! by Larry Nusbaum
- Ludwig von Mises Institute
- Credit Bloggers
- Wishing Wealth
- Don't Mess With Taxes
- Poor and Stupid
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
13 Comments:
Hi,
http://wolfriver.org/_Discussions/00001b55.htmviagra
(Bye.
Good day,
http://wolfriver.org/_Discussions/00001b55.htmviagra
(BB.
Hello,
http://imerl.fing.edu.uy/calcu1/_discusion/_disc1/00000c23.htmbuy-viagra
(Regards.
Hello,
http://imerl.fing.edu.uy/calcu1/_discusion/_disc1/00000c23.htmbuy-viagra
(Regards.
Nice..
Nice..
Nice..
Nice..
Nice..
Nice..
Nice..
Nice..
Nice..
<< My Home | TheMoneyBlogs Home