Lately I have been receiving emails from traders who do not have the ability to short sell in this slumping market. This had always been a problem in bear markets, that is until ETF’s were introduced. The ProShares Ultrashort QQQ (AM:QID) was created to move in the inverse direction of the Nasdaq-100. In fact, the [...]
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Filed under: Fundamental Research, Stocks, Trading Tutorials
In recent weeks the subprime mortgage industry has been placed under the microscope, as more and more Americans default on their loans. According to a recent Bloomberg article, as many as 1.5 million homes may go into foreclosure over the next few months. With the possibility of mass foreclosures on the horizon, where are these [...]
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Filed under: Bargain Basket, Fundamental Research, Sector Watch, Stocks, Time To Buy
In recent days, gold stocks and futures have been at the forefront of the market sell off. Traders have been asking me if this is a good time to buy gold stocks, as the price multiples are now even more attractive. Here’s my take on the industry. According to the World Gold Council, in 2006 [...]
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Filed under: Fundamental Research, Sector Watch
The descending triangle is considered a bearish indicator that typically forms during a downtrend. In this tutorial you will learn how to properly identify, draw and trade a descending triangle. First, let’s take a look at the chart of Houston Exploration Co. (THX). Now that we have seen the chart, let me explain the rules [...]
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Filed under: Chart Patterns, Trading Tutorials
Regeneron (REGN) posted fourth quarter ’06 and full-year earnings yesterday, narrowly missing the Street’s estimates for net income. Revenue sharply declined to $10.3 million, down from last year’s Q4 revenue of $17.4 million. Their full-year loss widened to $102.3 million from a year-ago loss of $95.4 million. The company has great drugs in their pipeline, [...]
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Filed under: Fundamental Research, Stocks, Technical Research, Time To Sell
Now that the major market averages have corrected about 3.5%, is the market finally settling out? I think not. Before Tuesday’s market plunge we were in a sweet spot in both the stock market and the economy. Global markets were hitting highs, and some even historical highs, with the US (Dow) among them. None of [...]
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Filed under: Market Sentiment, Stocks