Image via Wikipedia I knew there was something wrong with real estate valuations in BC, but I didn’t expect it to be this bad. I would expect Vancouver to be on this list, but never would I have expected Abbotsford and Kelowna on the list. These are cities far far away from Vancouver and yes [...]
A friend of mine sent me this video and thought I should share it. After watching it I tend to agree with what she says about companies that are relying on taxpayers bailouts to survive. If they can’t function without government support, they shouldn’t be paying their CEO’s exorbitant salaries. $400,000 may even be too much, [...]
Today’s volume was 80/20% in favor of the downside and yesterday’s ratio was 84/16%, again to the downside. Two days of what I would consider fairly aggressive distribution days and we don’t really see much fear, which would register a reading in the 90/10 or higher area. clipped from www.market-harmonics.com
clipped from www.financialsense.com As badly as it’s behaved at times, the Fed hasn’t done anything remotely like this in all its checkered 95-year history.
Today was a good day. Not because I made money, but because I was in the zone. I was able to ride a trend that I recognized developing for the past few days and the market actually followed through for once. It was a good day because trading wasn’t boring and there wasn’t the crazy [...]
and good riddance. For your viewing pleasure, I bring you the former leader of the free world… (shaking head)
The other day I expressed concern over how many call options were being bought when compared to put options. We were at traditionally bearish levels when you compare this indicator’s past. When the market’srally like they did on a news specific even at a time when this indicator is at these levels, often times can [...]
Image via Wikipedia One of my friends back in Pa uploaded this video onto my Facebook page and I found it extremely entertaining, considering I’m not even a Steelers fan. However I am a fan of footall and witty indie short films that are unique in some way. In light of the Superbowl being this weekend, I [...]
To follow up with another look at oil from yesterday here we have a weekly chart which shows a triangle formation that can often lead to a bottom pattern. The RSI remains quite strong here and has been moving up while oil remains sideways to down, thus a divergence. The RSI indicator has formed what [...]
Additions: ACC KMX LDR FTI GPRO GOOG HXL HMC ID MWV SBAC SYK Observations: I’m going to put aside what I think should happen (Dow 4500) and trade with what is going on in the market. Here’s what we know. The market had every reason to collapse and take out the 08′ lows and didn’t. [...]