Three Reasons Why Chart Patterns Trump Oscillators
Twelve For '12: Sector ETFs to Watch In The New Year
One index measure investors review to gauge the level of fear in the market is the VIX Index. Currently, the VIX is trading at 31.78, down a little over 1 point today. High levels in the VIX translate into a fearful market and can be indicative of a short term market bottoms. In the early part of 2010, the market's first encounter with the Euro crisis, the VIX hit 48.
Shares of Research In Motion (NASDAQ: RIMM) are trading lower on the session by 3.83%, at $21.06. While the stock is off of the daily lows (barely), they have broken through the September 22nd low of $20.41. This is indication that shares are going lower; it would not be surprising to see a gap lower actually.
ETFs To Play/Avoid On The Shocking Steve Jobs News
It has been and will be said hundreds, if not thousands, of times in the coming days that Apple (Nasdaq: AAPL) has lost a legend with the departure of Steve Jobs as CEO. Perhaps no company in the history of corporate America has been so intimately linked to the aura and persona of its CEO as Apple has been to Jobs.
When Everyone in the World Loves Gold, Should You?
It seems much that is being written of late is focused on negative data points that attempt to rationalize why a correction is just around the corner. I get the sense the stock market's (Dow Jones Industrial Average) 30+% advance since early July is weighing on strategists' and investors' minds as not being sustainable. Certainly a pullback would be healthy for the markets.
Day Trading Lesson: Understanding The Gap And Slow Day
Often day traders watch the markets for 'gap and go' trading sessions. This is when the S&P 500 futures trade higher 7.0 – 10.0 points before the opening bell and rallies throughout the rest of the trading session. Often day traders will look for small pullback and jump on board for a move higher into the close.
Las Vegas Sands Corp.(NYSE:LVS) has sold off from its small gap higher open. The stock has been a major winner by rallying higher since March 15, 2011 when it traded as low as $36.05 a share. This morning LVS is trading lower by 0.94 cents to $44.81 a share. Trader should watch the $44.00 for good intra-day support. This is also a very likely intra-day bounce level for short term day traders.
Alert: Cisco Pulls Back From The 200 Moving Average
On February 4th, 2011 I posted an alert on Cisco Systems, Inc. (NASDAQ:CSCO). I noted the stock was approaching the 200 moving average on the daily chart. This coupled with an extremely extended move in the stock price would act as major resistance and cause a pull back. Yesterday, the stock pushed into the 200 moving average early in the day. Once it did, the stock sold off, closing negative.