http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html Freshly squeezed market commentary & analysis Thu, 08 Jan 2009 23:02:31 +0000 http://wordpress.org/?v=2.0.2 http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26836 Tue, 15 Jan 2008 07:02:23 +0000 http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26836 [...] On January 7th, the S&P 500 put in a hammer-like candle (if you squint) with normal volume as traders came back from holidays. This was two days after I wrote Rally around the corner : [...] […] On January 7th, the S&P 500 put in a hammer-like candle (if you squint) with normal volume as traders came back from holidays. This was two days after I wrote Rally around the corner : […]

]]> http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26495 Wed, 09 Jan 2008 01:43:20 +0000 http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26495 [...] Contact « Market Rally Around The Corner: Time To Buy [...] […] Contact « Market Rally Around The Corner: Time To Buy […]

]]> http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26363 Mon, 07 Jan 2008 23:16:47 +0000 http://www.tradersnarrative.com/market-rally-around-the-corner-time-to-buy-392.html#comment-26363 [...] My Sunday studies and scans yielded a massive number of Short sale candidates, but the market had gotten hammered pretty hard last week, so I laid off putting in new Short positions this morning. At some point, the sellers might take a breather. If that pullback comes (no telling if it will), then I’ll position. Technicals look busted in many sectors, but an excellent post by Babak over at Trader’s Narrative brought out the subject of market breath. Percentage of Stocks Above Moving Averages The chart below shows the percentage of stocks (S&P 500) above their 50 day moving average. As you’ll notice, every time this dips below 20%, we have a buying opportunity on our hands. It can go all the way to zero but it rarely does. The last time it approached the lower limit was in the darkest days of the bear market. — Market Rally Around The Corner: Time To Buy [...] […] My Sunday studies and scans yielded a massive number of Short sale candidates, but the market had gotten hammered pretty hard last week, so I laid off putting in new Short positions this morning. At some point, the sellers might take a breather. If that pullback comes (no telling if it will), then I’ll position. Technicals look busted in many sectors, but an excellent post by Babak over at Trader’s Narrative brought out the subject of market breath. Percentage of Stocks Above Moving Averages The chart below shows the percentage of stocks (S&P 500) above their 50 day moving average. As you’ll notice, every time this dips below 20%, we have a buying opportunity on our hands. It can go all the way to zero but it rarely does. The last time it approached the lower limit was in the darkest days of the bear market. — Market Rally Around The Corner: Time To Buy […]

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