http://stockmarketcookbook.com/blog "Recipes for Investment Success" Thu, 09 Sep 2010 22:01:17 +0000 http://backend.userland.com/rss092 en Market Notes The fact that the Dow Transports (DTX) were unable to hang onto key 440 support combined with topping tails on its daily candles in three of the past four days suggests the market is running out of steam, at least for the moment. The good news is that ... http://stockmarketcookbook.com/blog/?p=2345 Market Notes Market has been rangebound for the past 3 trading days. Tepid internals point to more of the same action tomorrow. New Long Portfolio Today's ten long entries were selected from the following *Blue Plate Specials* lists: Breaking out to new highs (5), Low-priced leaders (4), and Breaking Out ... http://stockmarketcookbook.com/blog/?p=2341 Market Notes With the Trin scraping the bottom of the barrel last week, it wasn't much of a surprise that the market took a breather today. Volume remains light and don't expect the big boys to return until next week—the Hampton's are just too glorious this time of year! ... http://stockmarketcookbook.com/blog/?p=2335 While stock surfing today, I came across a perfect example of a stock in a downward trending channel. While many chartists are able to spot horizontally trending charts (and most stocks do trend in that fashion), they sometimes overlook stocks trending in upwards or downwards patterns. As you can see ... http://stockmarketcookbook.com/blog/?p=2330 New Long Portfolio I know I said that I was going to pack it in for the weekend, but I was expecting the jobs report to be more of a downer than it was. Wah! With the market up again, albeit on very low volume, I initiated a long ... http://stockmarketcookbook.com/blog/?p=2326 Market notes Another up day in the market forced us to close out all of our short positions. This whipsaw action is beginning to give Dr. Kris a headache. I'm keeping my fingers crossed that the jobs report tomorrow morning will settle the recent bull/bear standoff and push ... http://stockmarketcookbook.com/blog/?p=2321 Market Notes Wow! I certainly did not see today's rally coming—who would have thunk good news in the manufacturing sector had the ability to add such cheer to the market's morning joe? The real problem with this market is that there's nothing to weigh it down (read: volume) ... http://stockmarketcookbook.com/blog/?p=2316 Market Notes Some sort of unintended program trading routine must have kicked in 15 minutes before the market closed today because that's when the major averages gapped up only to be followed several minutes later by a fall to previous rally levels. It looks like the junior traders aren't up ... http://stockmarketcookbook.com/blog/?p=2312 Market Notes The gains made on Friday were pretty much erased today as major averages cling to support. The VIX is back into bear territory but a relatively high Trin at the close could signal a bit of a relief rally on tomorrow's open. Market action this week will ... http://stockmarketcookbook.com/blog/?p=2306 Market Notes Broad market rally prevents major averages from violating major support levels. VIX dropping below 25 is bullish but low end-of-day Trin (< 0.6) could spell a lower open on Monday. Of course, anything can happen over the weekend so who knows what traders may be thinking on Monday, if ... http://stockmarketcookbook.com/blog/?p=2300