Comments on: Nasdaq Market Breadth Says Buy http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html Freshly squeezed market commentary & analysis Tue, 07 Oct 2008 10:28:45 +0000 http://wordpress.org/?v=2.0.2 by: 12 Reasons Why This Is A Buying Opportunity http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10387 Thu, 02 Aug 2007 05:17:39 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10387 [...] Market Internals Popping the hood on the market and taking a peek inside we see that the internals are also showing panic and fear. At levels which historically have installed important market bottoms. Take a look at the new highs, versus new lows. The advance decline line, likewise has found a high probability buy zone here. [...] […] Market Internals Popping the hood on the market and taking a peek inside we see that the internals are also showing panic and fear. At levels which historically have installed important market bottoms. Take a look at the new highs, versus new lows. The advance decline line, likewise has found a high probability buy zone here. […]

]]> by: Jimmy http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10147 Sun, 29 Jul 2007 22:13:05 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10147 Babak, I noticed that some of the value indexes corrected down more (or same) than the growth indexes this past 10 days. if that's the case then we are going in an orderly fashion like the early 2004 top where growth stocks/indexes got a bear market correction while the value stocks/indexes barely got over a 5-10% correction. value outperformed growth the last 3-4 yrs. so could be a rotation that'll take several months to work out (consolidation for growth and correction for value.) Babak,

I noticed that some of the value indexes corrected down more (or same) than the growth indexes this past 10 days. if that’s the case then we are going in an orderly fashion like the early 2004 top where growth stocks/indexes got a bear market correction while the value stocks/indexes barely got over a 5-10% correction. value outperformed growth the last 3-4 yrs. so could be a rotation that’ll take several months to work out (consolidation for growth and correction for value.)

]]> by: Babak http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10144 Sun, 29 Jul 2007 21:50:19 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10144 Jimmy, right, I thought you meant we had inverted again. All I can do is follow the indicators that have worked so well in the past. Unless there is a really good reason to not do so. Just saying this time is different isn't good enough. I think we might get another whoosh down next week and then probably a bounce followed by a retest. most bottoms follow that script. Jimmy, right, I thought you meant we had inverted again. All I can do is follow the indicators that have worked so well in the past. Unless there is a really good reason to not do so. Just saying this time is different isn’t good enough. I think we might get another whoosh down next week and then probably a bounce followed by a retest. most bottoms follow that script.

]]> by: Jimmy http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10136 Sun, 29 Jul 2007 21:16:10 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10136 there was inversion between the 30 yr treasury and 3 month bill from mid Oct to end of March of this year. not as bad as the last one during the 4th qtr of 2000. yeah, technical indicators LOOKS like the market bottom here as in the last 4-5 years. only questions for me are that... 1) credit default swap rates spreads are expanding (contraction in easy money) which the stock market had or hadn't fully discounted that into stock/index prices? 2) DJIA and SP500 are long overdue for a 10% correction. 3) the 2004 top was a big one for growth stocks (mainly technology stocks/indexes) while value stocks/indexes held up better. So is this now signaling a shift/rotation from value to growth? this current market weakness have me quite concerned of more weakness to come or a shift from value to growth stocks. there was inversion between the 30 yr treasury and 3 month bill from mid Oct to end of March of this year. not as bad as the last one during the 4th qtr of 2000.

yeah, technical indicators LOOKS like the market bottom here as in the last 4-5 years. only questions for me are that…
1) credit default swap rates spreads are expanding (contraction in easy money) which the stock market had or hadn’t fully discounted that into stock/index prices?
2) DJIA and SP500 are long overdue for a 10% correction.
3) the 2004 top was a big one for growth stocks (mainly technology stocks/indexes) while value stocks/indexes held up better. So is this now signaling a shift/rotation from value to growth?

this current market weakness have me quite concerned of more weakness to come or a shift from value to growth stocks.

]]> by: Calling The Reversal….. -- Move the Markets http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10093 Sun, 29 Jul 2007 00:35:19 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10093 [...] Over the past few days, I have been reading more and more, and more posts about how a reversal is just around the next 15-min candlestick. [...] […] Over the past few days, I have been reading more and more, and more posts about how a reversal is just around the next 15-min candlestick. […]

]]> by: Babak http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10019 Fri, 27 Jul 2007 21:28:15 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10019 I don't think the yield curve is inverted, is it? This looks like all the other bull market corrections we've had to date. Will it in actuality turn out to be the end of the bull market? In other words, is it different this time? Maybe. But I'd like to keep using the same compass until I get confirmation it is broken. I don’t think the yield curve is inverted, is it?
This looks like all the other bull market corrections we’ve had to date. Will it in actuality turn out to be the end of the bull market? In other words, is it different this time? Maybe. But I’d like to keep using the same compass until I get confirmation it is broken.

]]> by: Jimmy http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10002 Fri, 27 Jul 2007 15:38:22 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10002 yield curve isn't my area but when goes from inverted to flat or steep that's sign of contraction in liquidity (from what i had read?) anyone have other thoughts? precious metals benefit from this IF rates been rising the past 6 months (i believe it has) and the ISM index is near/below 50 (which isn't) so it unsure here? there's also speculation that there's rotation from value to growth stocks (the positive yesterday, if there were any, was that the NDX 100 held up better than the rest of the market) with the credit contraction, i also have been moving my investments from value/growth to mainly growth the past few months. semiconductors been down the last 2-3 yrs. maybe money is beginning to flow there too. most TA indicators point to a bounce or bottom here. otherwise if none we are in deep poo poo for the intermediate term for next several weeks (maybe a month or so.) worst case, the bull run since oct 2002 is over (but i doubt that.) any thoughts Babaks? yield curve isn’t my area but when goes from inverted to flat or steep that’s sign of contraction in liquidity (from what i had read?) anyone have other thoughts?

precious metals benefit from this IF rates been rising the past 6 months (i believe it has) and the ISM index is near/below 50 (which isn’t) so it unsure here?

there’s also speculation that there’s rotation from value to growth stocks (the positive yesterday, if there were any, was that the NDX 100 held up better than the rest of the market)

with the credit contraction, i also have been moving my investments from value/growth to mainly growth the past few months. semiconductors been down the last 2-3 yrs. maybe money is beginning to flow there too.

most TA indicators point to a bounce or bottom here. otherwise if none we are in deep poo poo for the intermediate term for next several weeks (maybe a month or so.) worst case, the bull run since oct 2002 is over (but i doubt that.)

any thoughts Babaks?

]]> by: Dave http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10000 Fri, 27 Jul 2007 15:13:18 +0000 http://www.tradersnarrative.com/nasdaq-advance-decline-very-oversold-1198.html#comment-10000 Jimmy, I'm trying to take account of the market's being oversold with the flattened yield curve. What are your thoughts on the proper sectors (in stocks) as opposed to simply holding cash, during times of a flattened or inverted yield curve? Jimmy, I’m trying to take account of the market’s being oversold with the flattened yield curve. What are your thoughts on the proper sectors (in stocks) as opposed to simply holding cash, during times of a flattened or inverted yield curve?

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