TOPS

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S&P and NASDAQ Post Weekly Reversal Tops

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break.

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U.S. Stock Indices Post Weekly Reversal Tops

U.S. equity markets posted weekly closing reversal tops indicating the possibility of the start of a 2 to 3 week break. A worse than expected U.S. Durable Goods Report triggered today’s sell-off, but the high for the week was posted shortly after the Fed FOMC announcement on September 23rd. Investors are selling stocks on the belief that prices are too far ahead of economic conditions.

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HamzeiAnalytics: Real-Time Lessons with Q&A in Hamzei Analytics High Frequency Trading Chatroom 9.23.09/9.24.09

A Tale of Two Market Calls

The following discussion took place in the Hamzei Analytics High Frequency Trading chatroom on September 23, 2009. Names in this transcript has been changed for privacy purposes.

AFTERNOON DISCUSSION: Post FOMC Announcement a possible shortterm top in the ESZ9 Futures contract.

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TOPS (TOP Ships Inc.)

1.05
-0.07 (-6.67%)
  Open: 1.11   Mkt Cap: 31.5   P/E: 0   Dividend: 0
  High: 1.14   52Wk High: 3.88   PEG: 0   Yield: 0
  Low: 1.05   52Wk Low: 0.85   PBR: 0.14   EBITDA: 45
  Vol: 0.07M   Avg Vol: 0.10M   EPS: 0.45   Short Ratio: 0.4
Updated on: Fri, 19 Mar 2010 21:18:09 -0600    
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How to Make Bag Big Gains from ‘Fire Sale’ Stocks

Wall Street is still in chaos. Yesterday, regulators seized America’s biggest savings and loan bank WaMu (NYSE:WM) and sold it to JPMorgan Chase (NYSE:JPM). It was the most spectacular bank failure in US history. The crisis, and the bungled attempts of the government to ‘fix’ it, is setting up some great contrarian investment plays.

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