It may look like we are on the top and due for a correction. But are we really? I think we are not. Although Friday’s trading and even today’s price action shows weakness in the market we are still in uptrend. We will see a correction at some point and the S&P 500 will turn Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Posts Tagged With 'correction'
What’s stalling the Wall Street rally?
With U.S. stocks nearly 2 percent overvalued, investors are worried that markets will see another correction, says Hugh Jackson, Chairman of Hugh Johnson Advisors.
Gold Sank Faster Than Titanic. Are You Panicking?
Today’s trading was fascinating. My account was red and full of blood as never before. A true blood in the streets. A massacre. It was not only Gold which sank deeper than on Friday on a lot larger volume than on Friday, but the entire market followed. If you follow my Facebook fan page, I Continue reading →
Stocks Will Be Cheap When the S&P 500 Tumbles 25% Says Portfolio Manager
There’s an old saying about lousy stocks on Wall Street: “If you liked XYZ at $50, you must love it at $25.” Along those same lines, it could be argued that if you think stocks are cheap now, just wait until you see how cheap they are when earnings estimates come down. According to Mike Continue reading →
The market with different signals – how to trade it?
Last night I decided to wait for the market to show me how it would trade. So I waited until the morning for the first five to ten minutes to see. My thinking that since the market would open already 2.5% lower would not provide too much space for further downtrend showed up as correct. Continue reading →
Market back in correction
Trading ended with a huge loss today: NEW YORK (Reuters) – Downbeat consumer sentiment data and weak revenues from GE and two big banks slammed stocks on Friday, driving major indexes down more than 2.5 percent. The Dow Jones industrial average (DJI:^DJI) slid 261.41 points, or 2.52 percent, to end unofficially at 10,097.90. The Standard Continue reading →
Market slips into a correction after US consumer confidence data
Stocks dropped more than 2 percent on Tuesday after data showed U.S. consumer confidence fell steeply in June on worries about the labor market. Based on that I am considering the market being in correction. No new buys during this time in my trading account (well, right now I do not have free money anyway).
RAX activated stop loss order
Rackspace Hosting, Inc (RAX) hit my protective stop loss order and has been sold this morning: 01/26/2010 09:32:02 Sold 37 RAX @ 19.9
Visa sold on stop loss
The market is losing ground and slipping into correction. Visa (V) once again is dragged down with banks even though this company is not a bank. Another deep drop of this stock triggered my stop loss and I sold my shares of this stock. However, I still consider this stock as a high quality equity Continue reading →
Visa stock on the way up to hit record high in early 2010
Today the stock market got hit hard, well at least my holdings pulled back. I recently added some more shares to my existing holdings, so this move down just the day after my additions looks scary to me. All my stocks recently pyramided in my account were climbing to new highs so I want to Continue reading →
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