Reluctant Buyers on Strike at Nasdaq
Occasionally, we can learn something profound about the nature of rallies by looking at market internals. When combined with other data,...
Chart of the Week: Nasdaq Support
NASDAQ closed right near minor resistance just above 2,020. Secondary and more important resistance for this snap back rally would occur...
Cyclical bull, secular bear market part II
Some more excerpts from Technician Walter Deemer from Barron’s. Q: How do we know this is the lower high for the Nasdaq? We know...
CD Sales Rise as Economy Recovers
The economy slows, CD sales slow. The economy recovers, CD sales recover. If I am going too fast for you with this complex and...
NYTimes on Job Creation: Yes! No! Maybe!
In an apparent bid to completely confuse their readers, the NYTimes today has 3 separate stories on lagging job creation and the economic...
UK Protectionism for Music Retailers
We mentioned recently that U.K. had record breaking CD sales in ’03 — up 7% year over year (“UK Albums Have a Record...
Structural Decay
We continue to observe weakening pockets in certain sectors of the markets. Momentum continues to fade. In particular, the Nasdaq has...
Chart of the Week: Nasdaq A/D Volume Line
Nasdaq’s A/D Volume Line for the Nasdaq Composite broke below the trendline from the start of the rally. This indicator also broke...
You’re taxes have ALREADY gone up!
Yet another taxing article, this one overlooked from Friday’s WSJ, “Taxes Divide National, State Republicans.” The...
Walter Deemer: cyclical bull, secular bear market?
Technician Walter Deemer is the focus of a terrific interview in Barron’s this week. Deemer hits the nail on the head in his...