good article. Going to look at some potential shorts (save for the biopharm which are, as others said, too volatile) and also some short term shorts on ypur '9 stocks on every contrarian's radar' because I am not convinced the buyers will enter the fracas without a heavy move higher by the entire market
Interesting article. I agree with the notion that fundamentals lag behind the movement when stocks are looking to turn around but I still do not see enough (any) evidence to validate a move higher with volume.
To me, it looks as if cyclical reasoning will warrant a push higher: buyers won't come in until the market moves higher with conviction and the market won't move with conviction until more volume comes in.
Looking at the market this upcoming week, other than some huge unexpected news, I don't see any reason why the volume will spike or an influx of buyers will enter the fray.
The Market Is Perfectly Correlated, So Why Bother With Individual Stocks? [View article]
I agree. There are still leaders and laggards with different degrees of movement in regards to market correlation. If anything, market correlation makes for a temporarily less than optimally efficient market that allows traders to capitalize
Bad News in Housing Weighs Heavily on Banks and Builders [View article]
^^^^what if someone was trying to time the bottom in the housing market and this article changed their mind and saved money?
Anyways, good article, especially about TOL. I wasn't too impressed by the rally after earnings and I think it has the potential to head south in a major way potentially
Thanks for sharing your analysis. I agree that TOL is definitely in dangerous territory around the $16 range. It is also its key support area on the 3-year weekly chart as well. If it falls with volume, I think it is going to fall hard and fast. I also liked TPX's set-up as a bearish play.
"All hell breaks loose" in the stock market... starting today, according to Arch Crawford's astrology-based investment newsletter. Before you laugh too much, his letter predicted the 2008 collapse and has outperformed the market so far this year. [View news story]
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To me, it looks as if cyclical reasoning will warrant a push higher: buyers won't come in until the market moves higher with conviction and the market won't move with conviction until more volume comes in.
Looking at the market this upcoming week, other than some huge unexpected news, I don't see any reason why the volume will spike or an influx of buyers will enter the fray.
Back to Work for the Markets: Volume Should Pick Up [View article]
The Market Is Perfectly Correlated, So Why Bother With Individual Stocks? [View article]
Commodities Investing: A Key Misunderstanding [View article]
Bad News in Housing Weighs Heavily on Banks and Builders [View article]
Anyways, good article, especially about TOL. I wasn't too impressed by the rally after earnings and I think it has the potential to head south in a major way potentially
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"All hell breaks loose" in the stock market... starting today, according to Arch Crawford's astrology-based investment newsletter. Before you laugh too much, his letter predicted the 2008 collapse and has outperformed the market so far this year. [View news story]
Likely Market Movers to Watch This Week: July 26 - 30, 2010 [View article]