Most people would agree that an asset allocation should include a defined percentage dedicated to international investments. As a dividend investor, this has been one of the more difficult allocations within my portfolio. I have identified several difficulties in locating, acquiring and owning international stocks:
Everyone knows the U.S. Treasury has been printing money 24/7 for years. What no one really knows is just how long they can add dollars to the system. What is the ceiling to debt creation? Here is a possible answer. For the U.S. the plan is: Nationalize all debt that is a systemic threat or go bankrupt. It's rally or fail time.
We are dangerously close to testing the Oct lows, and I'm not kidding. It'll be tomorrow and I expect some sort of bounce here. There's too much support for a no-support slice through. I also expect considerable volatility as the bulls and bears fight for control on an important day. We should also see some increased volume levels. Tomorrow will mark the 4th time we test.
Since1995 this strategy would have turned $100 dollars into $1,434, as a comparison the same $100 dollars would only be worth $318 in a buy and hold approach. This strategy suffered a maximum drawdown of -17% versus a -80% maximum drawdown with a buy and hold approach in the NASDAQ 100.
Use my blog to learn when not to make an entry for my picks--followup on my daytrade picks for today
GLW fairly quickly bounced off my short entry target and filled and exited its profit target nicely.
I hope no one bought into PNK when it did hit 5.14 since it had moved there straight off of a 4.85 low meaning it moved 6% in just over 30 minutes and had no steam left. Buying volume had subsided and my indicators were turning by 5.11--yours too probably.
Stock Analysis: International Business Machines Corp. (IBM) A Value Priced Stock
I was at my local Chartered Market Technician (CMT) meeting tonight which is held once every 2 months, so I couldn't get my daily market action post out in a timely manner. This also means that I missed the highly anticipated CNBC show on high-class hookers. I was really looking forward to that, seriously, so someone tell me how it was.
Historically, all of the progress in the major indices ( SPX, NDX, DJIA ) have occurred from overnight activity. Market progress during the day has actually been a very poor wager. The bottom line is look to hang on to your trades a bit longer and take advantage of this overnight edge, your P&L will certainly appreciate it.
Drawing trend lines are the basics of technical analysis, what I have always found confusing is that if you ask 10 people to draw a trend line you usually get 10 different lines. That’s because trend lines are very subjective and technicians don’t all subscribe to a standard definition. The following is the most definitive definition of a trend line with multiple pictures as an example.
China Precision Steel, Inc. (CPSL) Maintains Confidence Despite Q1 Revenue Decrease
WorldWater & Solar Technologies Corp. (WWAT.OB) Releases 3Q Results, Highlights Large Scale Projects
Along with records revenues, WorldWater & Solar Technologies Corp (WWAT) also reported a gross loss in the third quarter, ending Sept. 30. WorldWater reported a $2.3 million gross loss for the quarter. Offsetting that news was a significant increase in revenues to $6.5 million compared with $4.4 million over the same time last year.