Kingsley Anderson

The Market Rally Has Legs

Mr. Hoover,
First, let me say I had the chance to stay in one of your fine establishments; I believe it was called Hooverville. Anyway, you indeed have a fair point. As indicated by my disclosure, I do not have any positions, long or short, at this time. Although I'm cautiously bullish, I have not bought into this this being the beginning of the next bull market. I have my fingers burnt to many times in the past to jump in just yet. Possibly a decent counter trend rally is under way- but time will tell and I will adjust accordingly. If you are a value investor (which I am not), the prospects may be more frightening. But when I do enter the market, I will most certainly exercise risk management to the nth degree, and I encourage others to do likewise.

Major Two Day Rally: Hold Steady

Nice article. Brick by brick...breaching the resistance that used to be support would be a step in the right direction. There is plenty of time to jump once we get further confirmation- 94% of stocks are trading below their 200 dma. It will take time for stocks to be tradeable on the long side.

Can Stocks Continue to Pop?

I m not about to nibble on anything yet, but if the markets cannot bust through the aforementioned resistance levels, it looks like we will see more downside. I'm also curious to see the markets finally get back to the fifty dma - that will be a true test.

Can You See Apple Under $60?

The amount of short set-ups that just triggered in the market is unbelievable. AAPL was showing an inverted cup formation (without handle) that kept popping up on my screens. As for the above analysis, in this environment that AAPL can see 58. If AAPL bounces, again, it might be at a point to go short again.

The Uptick Rule: Mr. Cox, Is It Really That Devilish?

Precisely. How much more could it hurt to bring back the uptick rule? Its not like it was such a hindrance before. It was only around for seventy years or so and the markets seemed to be working just fine. It cannot make things any more worse, as opposed to banning short selling altogether with no real basis.

Can Central Bankers Prevent a Great Depression?

Judging from the price action on XLF, GS, C, et al, the pain will continue in the financial sector. XLF will certainly get cheaper.

Yesterday's Weak Breadth

The trading ranges on all of the indexes has been tightening as well. We are in for a big move- it looks to me like the break will be toward the downside.

Context is Everything: 7 Ways to Assess the Bigger Picture

Interesting analysis in regards to the testing of new lows. As most have heard time and time again "we will not have a V bottom." In regars to the 2002 low, it took months before a new bull market began. In the meantime, I am content to sit on my hands and occassionally go short.

John Hussman: The Market Is Not in Uncharted Territory

Good analysis. It will be interesting to see which way we break out of this trading range. The interesting thing about this bear market is that we have reached approximately same levels as the other brutal bear markets but in far shorter time- I have no idea whether this means we will recover faster. Like most technical analysts, I will react accordingly when we get a good confirmation.

Considering the season and the fact we have not seen a decent rally, even a bear market rally, in some time, I would suspect that the indexes would at least rise and test their respective 50 day moving averages for a tradeable rally.

Wall Street Breakfast: Must-Know News

Regardless of what GS does at this point, the stock is still not healthy.

Stocks Will Bottom Before the Economy

...although, I went to your website and appreciated your article on market bottoms. Well done.

Stocks Will Bottom Before the Economy

thanks, captain obvious.