Archive for November, 2008
Monday, November 17th, 2008
Exploring: HIG
Hartford Financial Services Group showed up on our scanner again today. Since we’ve recently taken to trying to improve profits by taking smaller bearish positions in the financials, we turned this one over try and see how we could profit from HIG’s further decline. We started with a look at the Equivolume chart: click for [...]
No Comments » - Posted in Charts,Opinions,Scans by wdevauld
Wednesday, November 12th, 2008
Lesson Learned?
The greatest strength can be obtained from fixing the largest problems. In the usual retrospective look towards our past calls, we find that GGP and LVS have both been called out by our weekly scanner. Looking back at what we were thinking regarding General Growth Properties and Las Veags Sands we can’t help but wonder [...]
No Comments » - Posted in Uncategorized by wdevauld
Sunday, November 9th, 2008
Equivolume: SPY, QQQQ and DIA
There is a lot of buzz on the technical blogs that the market could be forming an ‘inverse head and shoulders’ pattern. The pattern is a common signal for the reversal of a downtrend. We don’t see the desired volumes in the pattern right now, but that won’t stop us from riding a bit of [...]
No Comments » - Posted in Charts,Opinions by wdevauld
Sunday, November 9th, 2008
Another Week
Scanning again this week did not yield a single positive score. While we don’t live or die by the scanner, it would not be prudent to ignore this symptom. That said, here’s the top five negatives for the week: GGP GNW LVLT THC GM General Growth Properties closed friday @ $2.07. Considering the average true [...]
