Feel Free To Have Fun With Some Longs But Don’t Make Any Long-Term Commitments

February 2, 2008 | 8 Comments

One of the most bullish weeks in years came to a close on Friday with most indexes making good gains despite the losses MSFT produced which you would think would ensure that the markets would have closed lower. However, the rest of the market rose steadily, helping to offset the losses in MSFT due to an announcement that they would like to have YHOO. This helped YHOO explode higher by 48% more than making up for the 6% smack MSFT was dealt. The worst part about the MSFT selling was that it was on extremely heavy volume that was even larger than the late October gap higher breakout.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Very Volatile Week Ends With A Very Bearish Reversal On Lower Volume; Stocks Close Out The Week Mixed, With Big-Caps Higher And Tech Lower

January 26, 2008 | 6 Comments

A very bullish open, that I believed was going to send stocks to their follow-through day, was immediately sold and was sold the whole day, without the bulls ever getting a chance to mount a rally. Well, I guess they did near the end of the day but was anyone falling for that? By the close the 2% gain in the Nasdaq turned into a 1.5% loss as the big cap leaders and many other stocks hit resistance.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Worst Week For Stocks In I Believe Five Years Leaves Behind A Wasteland Of Broken Charts

January 19, 2008 | 7 Comments

There is no other way to describe what happened this week as anything other than a major breakdown in all the major market indexes. The worst part (if you are a natural bull) is that the breakdowns now have every single major index with the 50 day moving average below the 200 day moving average. The Nasdaq was the last index to accomplish this “death cross” feat.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Oversold Bounce Has No Bounce As Stocks Selloff All Day Long On Lower Volume

January 12, 2008 | 3 Comments

The stock market ended the week the exact same way it started and that is with a lot of selling. On Monday the market found support intraday to stop it but on Friday there was none of that support as the market took the bounce that started on Wednesday and slammed it to the ground.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Nasty Day Spreads To All Areas Of The Market As Stocks Tank On Much Higher Volume; Our Short Positions, Finally, Crack Wide Open Producing Very Large Gains Making Many People Very Happy

January 6, 2008 | 1 Comment

Stock indexes tanked on Friday and there simply is absolutely no way to spin Friday’s action any way to the bull side what-so-ever. I guess, you could say, that the market is very oversold right now after six straight down sessions on the Nasdaq. However, the ferocity of the selling, combined with there being absolutely ZERO nice charts setting up and nearing breakouts from fresh bases, leads me to believe that ANY rally we see off of these levels will probably fail as there is a TON of resistance in the short term.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Members Discuss with MauiTrader about their gains and the state of the Market

January 4, 2008 | 1 Comment

Today marked an interesting day for the Markets.Â Some Platinum members expressed how happy they are with the Big Wave Trading service today in MauiTrader’s Lounge.Â This snip-bit from today’s conversation shows you that we are serious yet have the ability to have a bit of fun.Â We are heading into bear territory with the market, its been a slow rolling death since the high at the end of October.Â Check out the conversation!

Posted by MarketSpeculator | Filed Under Free Commentary

Stocks End The Week Pretty Much Where They Started, While Our Emotions Went From Christmas-Joy And Happiness To Tragic Sadness Within Two Days

December 28, 2007 | Leave a Comment

It was another low volume Christmas holiday week. One that happens ever year and this one, like the last, was no different with the bullish sentiment throughout the week. However, the only real action came on a day when the market fell on higher volume giving all the indexes a distribution day. Basically, we had the same situation happen this week as has been happening all year: the market rallies on lower volume, sells off on clear heavy distribution, but then somehow rallies again on lower volume.

Posted by Joshua Hayes | Filed Under Free Commentary

Stocks Selloff On Massive Tragedy In Pakistan As Benazir Bhutto Is Brutally Assassinated In A Major Blow Towards Democracy; Volume Remains Very Low On This Holiday Squeezed Week

December 27, 2007 | Leave a Comment

I don’t know about you but I spent the day watching various new coverages (Fox News mostly) on the Bhutto assassination and the stock market was the last thing I thought about today. That was, at least, until the final hour when stocks started to selloff in a very strong mini-collapse in the final hour. They say the last hour of the day is the time when institutions make their biggest trades. If that was the case, this time, then they sure weren’t buying anything and were selling everything.

Posted by Joshua Hayes | Filed Under Free Commentary

Stocks Continue The Santa Rally With A Day Of Mild Gains On Very Light Post-Christmas Volume

December 27, 2007 | Leave a Comment

There isn’t much to say about today’s market either than the axiom “never short a dull market.” This little saying is proving itself as the low volume Santa Claus rally continues to line traders pockets with money that they are hopefully spending on others this wonderful holiday season.

Posted by Joshua Hayes | Filed Under Free Commentary