Another Day, Another Billion Lost in Stocks and Mutual Funds
I'm staring at the clock right now at 3:53 EST, wondering why I even contribute to my 403(b) at all. I've been a swing trader, a foreign currency trader, and until recently, a fan of how the US economy continues with solid predictable growth when averaged out over 100 years. I'm also a disgruntled investor and an educator, and that is the point of this post.
How to Play the New Short-Selling Regulations in Asia
Regulators around the world are tightening the noose around the scapegoat de jour, short sellers, with Hong Kong now ready to kick out the chair from under them. The Standard reported today that Hong Kong is ready to impose the ban, which could take effect immediately.
THIS WEEK’S ISSUE:
• In-Play: The Battle for Wachovia (WB)
• Market Commentary: S&P 500 ($SPX), NASDAQ ($COMP)
• Update: Russell 2000 Small-cap Index ($RUT)
• Update: NYSE/NASDAQ/AMEX New-Highs/New-Lows Index, CBOE Volatility Index (VIX)
• Currencies: U.S. Dollar Index ($USD), Euro Index ($XEU)
• Commodities: Crude Oil ($WTIC), Gold ($GOLD)
Weekly Review - keep bailing, this market is sinking fast
Each week we scan over 7200 stocks and summarize their technical characteristics. This post reviews the past week's status against the current market and economic backdrop. Put briefly: things aren't looking too good. See which S&P 500 sectors are still showing strength and which have given up the ghost. Where do we go from here?
Few factors are more critical in determining the potential success of a company than the quality of a firm's management. During economic and financial times like these, a quality management team can make the difference between success and failure. Certainly a company's dividend practice provides insight into management's anticipated view of future business prospects.
I was asked to analyze the SPY. The ETF made a new low today and it won't be the last one, that's for sure. You really have to look at 5 and 10-year charts to see where the SPY really is and how much further down the ETF possibly has to go. THe sPY has some support at this current 110 level, butI doubt it will hold for long.