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The Other Street
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Thirty years of salt mine experience as an institutional investment advisor, both on the Buy and Sell side. A graduate of Columbia Business School (MBA) and Chimie Paris Tech (MSChe), I started my Wall Street career with Brown Brothers Harriman & co, went West with Montgomery Securities and... More
My company:
Capital Max, Inc.
My book:
Anatomy of the Meltdown - 1998-2008. The Worst Decade in Stock Investing, or Was It? 2nd edition, with a new introduction by the author.
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  • Dow Industrials Model - Intraday Buy Signal

    Heads up. I am currently updating the Model. It's July 26 @ 1:41 EST, INDU @ 12721, and SOX @ 1342. Momentum is picking up on the upside, notably for CSCO ($15.47), VZ ($43.92) and T ($35.48). It seems we are shifting back to Industrials, to the detriment of Consumer non-durables. I am covering shorts, but I need HYG ($90.62) to confirm.

    Disclosure: I am long ADES, AGM, EXH, FIATY.PK, IMAX, EXTR, JOE, MXWL, PHM, PIKE, SANM, SLM, TIVO, TMO, URS, VECO, WCC, WWD.

    Jul 25 1:49 PM | Link | Comment!
  • Attention Dow Model Watchers - We Are Breaking Down Support

    For those of you who have looked at my Dow Model, here should be a good example of how to use it - and hopefully helpfully.

    As of Tuesday 2:30 pm EST, 6 stocks had broken support - GE, CVX, XOM, IBM, DD and CAT. Another 6 were now testing theirs: INTC, HPQ, DIS, UTX, MMM, BAC and AA. Most of the others were trending down, except for, curiously, MCD and WMT actually testing their resistance levels.

    I forget one telling swing in one of my favorites: URI opens up 3% and is now trading down 5%.

    By my book, there is nothing to be gained by buying this dip yet. Instead, CYA and watch how this down move behaves. Remember, it's the stocks that count, not the index. That being said, Fibo says says S&P 1336 - I say 1332 -, but the next stop could be 1293 - then 1254. This does not change my long term view, we're just back to normal vagaries...

    Disclosure: I am short IBM, MMM.

    Additional disclosure: and I am now 10% net short. But that's only for sport. For overall disclosure, please refer to my articles. Remember, you can't follow my advice unless you do so at your own risk...

    Jul 10 2:46 PM | Link | Comment!
  • OK, Go For It.
    This is November 3rd at 10:50 EST. S&P at 1246 and the EuroDollar December Futures just ripped from 1.366 to 1.377. The ECB announced a few hours ago that it was lowering rates from 1.50 to 1.25%. This is a brilliant and unexpected move by incoming Super Mario. Start shopping - or rather, resume.
    Nov 03 10:52 AM | Link | Comment!
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