That was an impressive display of selling the fact after the bailout bill passed on Friday. The indices reversed had and slid from 4 to 5%. That put the nail in the coffin of one of the ugliest weeks in a very long time. The chart below (from the WSJ) does a nice job of displaying just how bad of a week this was across the board, except for the U.S. …
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Trader Mike
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October 3, 2008 Recap: Thank You Sir, May I Have Another?
http://tradermike.net/2008/10/october_3_2008_recap_thank_you_sir_may_i_have_another/ -
Watchlist for October 3, 2008
http://tradermike.net/2008/10/watchlist_for_october_2_2008-2/The market made it through the payroll date but there’s one more hurdle ahead this afternoon when the House votes on the bailout bill. On Today’s Calendar: 10:00 — ISM Services More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: See one of the recent ‘Chart Reading‘ posts for some potential swing candidates. …
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October 2, 2008 Recap: A Quick Round Trip
http://tradermike.net/2008/10/october_2_2008_recap_a_quick_round_trip/We’re basically right back where we were at the close on Monday price-wise and indicator-wise. The folks who got long this week and held are having their conviction tested here. T2108 made a slightly lower low today vs. Monday. Perhaps we won’t gap up tomorrow and I’ll get my chance to put some IRA cash to work: The VIX made a slightly lower high vs. …
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The Stock Speculator
http://thestockspeculatorsays.blogspot.comOctober 3, 2008 Recap: Thank You Sir, May I Have Another?
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Trading with The Average Jay
http://tradingwiththeaveragejay.blogspot.comOctober 3, 2008 Recap: Thank You Sir, May I Have Another? - That was an impressive display of selling the fact after the bailout bill passed on Friday. The indices reversed had and slid from 4 to 5%. That put the na...
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- Trading Forever -
http://tradingforever.blogspot.comOctober 3, 2008 Recap: Thank You Sir, May I Have Another?
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The Meltdown is Upon Us…Now What?
http://howardlindzon.com/?p=3874The crash is upon us. We are in the middle of it. You survive by having a plan and keeping your head. You can buy, as I have been doing, but it’s not necessary or urgent. If you doubt we are IN a prolonged crash, take a look at some of the charts and data points
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WEEKLY TECHNICAL COMMENTARY
http://www.weeklyta.blogspot.comOctober 3, 2008 Recap: Thank You Sir, May I Have Another?
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Sunday links: nowhere to hide
http://abnormalreturns.com/2008/10/05/sunday-links-nowhere-t...NYTimes.com, Alea) Europe tries to cope with the credit crisis. What they need is a plan. (FT.com) 80% of stocks are down for the year. (Bespoke Investment Group) Just how bad a week was it? (Trader Mike) The meltdown in hedge fund performance. (market folly) Some notable “dear investor” letters from some prominent hedge funds. (DealBreaker.com also DealBook) Smaller hedge funds are more at risk to investors pulling their funds. (
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Oversold Market
http://www.marketdiscretion.com/2008/10/sunday-links.html. We cannot take anything for granted however, as this market continues to be news driven, rather than by technicals or fundamentals With the S&P 500 hitting the bottom of its regression channel, the T2108 indicator at 6.10%, and the S&P at the 1100 level, the bulls should be favored this week Turning to Forex quickly, the fact that the EUR/USD pair continues to make new lows has me favoring only short positions. I will continue to look for some resistance though, as
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October 3, 2008 Recap: Thank You Sir, May I Have Another?
http://www.marketgawk.com/october-3-2008-recap-thank-you-sir...SHARETHIS.addEntry( { title: ”October 3, 2008 Recap: Thank You Sir, May I Have Another?”, url: ”http://tradermike.net/2008/10/october_3_2008_recap_thank_you_sir_may_i_have_another/” } ); Original post by FeedZilla
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Financial Blogs — distillingfinance
http://www.distillingfinance.comfrom Trader Mike, 36 minutes ago
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Financial Armageddon
http://www.financialarmageddon.com, Larry MacDonald, September 26, 2008. "Preparing for Harder Times," Canadian Business Online, Larry MacDonald, September 25, 2008. "Five Reasons: Why the Short-Selling Ban Stinks," MarketBeat, David Gaffen, September 19, 2008. "Financial Armageddon is in Full Effect," Trader Mike, Michael Seneadza, September 18, 2008. "Geithner Leads Rescue Team," New York Post, Paul Tharp, September 18, 2008. "S&P 500 vs. Volatility Index: Complacency or Capitulation?" The Big Picture, Barry Ritholtz, September 16, 2008.
