Over the intermediate term, market risk has made its first
significant shift in quite a while: it is moving from a neutral/bearish posture
to a neutral/bullish position.
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Nasdaq 52 Week High Lows
Source:
Technimentals
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As seen above the 52 week new high-new low index (orange
circles) is at levels that in the past few years have marked
interim lows. Given the lack conviction in the new high-low
index now versus 2003 (when things were just getting started) the market still
has work to do to prove this current oversold rally attempt is significantly
more than that.
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Silicon Valley humming again
Rethinking the Social Responsibility of Business
Google introduces a new Airport/Flight search feature
Samsung preps digital music download service
Much rides on ‘Chicken’ for Disney and Pixar
DRM Crippled CD: A bizarre tale in 4 parts
Jay Leno offering advice on how to be a funny kid
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Quote of the Day:
“People’s spending habits depend more on how wealthy they feel than with
the actual amount of their current income.” –A.C. Pigou