Archive for September, 2008
Monday, September 29th, 2008
What Bailout?
Even north of the 49th parallel, the news is packed with tidbits, gossip and opinions about the federal ‘rescue plan’ that was put together during emergency sessions this weekend. The vote is supposed to happen on Wednesday, and nobody is sure which way it’s going to go. Stop the Housing Bailout and No Cash for [...]
No Comments » - Posted in Opinions by wdevauld
Thursday, September 25th, 2008
Charts: Sandisk
Sandisk has been all over the place since Samsung made an offer to buy the memory manufacturer. Gaps on volume appear to be quite normal for the last coule of months, and some will note that 2 of the last gaps were filled over the following trading periods. Equivolume: click for larger version Support and [...]
No Comments » - Posted in Charts by wdevauld
Tuesday, September 23rd, 2008
Short Selling and Volatility
The SEC banned short selling on a set of stocks. Proponents say it will stem the tide of bear attacks and naked short selling, but naked short selling was illegal a long time ago, and this action will not likely stop it. One could argue that banning short selling to stop naked short selling is akin to [...]
No Comments » - Posted in Opinions by wdevauld
Wednesday, September 17th, 2008
Equivolume: Morgan Stanley
Morgan Stanley moved a lot of volume over the last couple of days. Have a look at the Equivolume: click for larger version Looking at the October Call contracts: click for larger version Volatile indeed, there is a lot of premium priced into those contracts. Tweet This Post
No Comments » - Posted in Charts,Opinions by wdevauld
Tuesday, September 16th, 2008
Sept 16, 2008
Wednesday morning is going to be very busy. After leaving Lehman on the stake to be picked apart by the crows, the Federal Reserve has written an $85 billion dollar cheque to keep American International Group alive. The media spin, and press monkeys are priceless: The interests of taxpayers are protected by key terms of [...]
No Comments » - Posted in Uncategorized by wdevauld
Monday, September 15th, 2008
Short Side: SLG
SL Green Realty Corp. felt pain outside of the ordinary in today’s bloodbath. The REIT holds a good deal of office space in downtown New York, and no doubt a chunk of it inhabited by the various financial companies in pain these days. The price smashed through the support areas around $75 to $76, and [...]
No Comments » - Posted in Charts,Opinions by wdevauld
Monday, September 15th, 2008
Equivolume: XLF
The financials got hammered today, and smashed through support that was holding around $19.50. The price was recently trapped in the channel between $19.50 and $23.50. This one has the potential to head down to $17.00 again, with support at the July lows. On the other side, candlestick chart readers will see the inverted hammer [...]
No Comments » - Posted in Charts,Opinions by wdevauld
Monday, September 15th, 2008
FINVIZ: HeatMap
It’s obvious that everyone, even the bulls, wanted out of this market. Tweet This Post
No Comments » - Posted in Uncategorized by wdevauld
Wednesday, September 10th, 2008
Equivolume: Lehman, Freddie and Frannie
click for larger version click for larger version click for larger version Tweet This Post
No Comments » - Posted in Charts by wdevauld
Thursday, September 4th, 2008
Watching: Walmart
Walmart showed up on a strength scan, and in the last couple of days there have been tests of $61 with some volume. Looking at some charts: click for larger Equivolume chart click for larger Support and Resistance chart The price action has come close to $61 a few times in the last handful of [...]
