Sunday, January 23, 2011

DailyMarkets.com - Quote Of The Day

DailyMarkets.com - Quote Of The Day

Quote Of The Day

Posted: 23 Jan 2011 04:15 PM PST

“The moral code, the moral compass of the state-controlled media is something to behold. Now, some of you may not know the 2009 Nobel Peace Prize winner hosted a state dinner last night (January 19) for Hu Jintao of China. Hu Jintao is holding the 2010 Nobel Peace Prize winner in prison in China. Not making it up. The 2009 Nobel Peace Prize winner hosted a dinner for the guy holding the 2010 Nobel Peace Prize winner in prison, and the media does not get the irony of this at all. They’re too … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Can You Hear The Waterfall? (DIA, SPY, FXI, NYSE)

Posted: 23 Jan 2011 11:49 AM PST

 
One of the most intriguing aspects of financial writing is the various colorful aphorisms that abound in this business.  We enjoy comments like "the trend is your friend," and we hope to "let our winners run" while we watch "bulls and bears" struggle for control of the hearts and minds of the markets.
 One of my favorites and I think the one most applicable for today is the concept of the "waterfall" or the "waterfall decline."  It's certainly a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Highs -New Lows Not Keeping Pace

Posted: 21 Jan 2011 09:05 AM PST

Now I know this stuff doesn’t matter until it does and I know all those trend followers out there who “just follow price” ignore this kind of thing, but the differential of NYSE new highs minus new lows has not only failed to keep pace with price but it is now breaking down.  

Figure 1 is a daily chart of the S&P Depository Receipts (symbol: SPY).  The indicator in the lower panel is the simple 5 day moving average of NYSE new highs minus NYSE new lows.  Typically, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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