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Job: Associate Editor Traders Library

There might be some interest from my readers in this job with Traders' Library/Marketplace Books: Traders’ Library/Marketplace Books We are looking for a new member for our team to help develop and create books, e-books, DVDs, and other educational products through the development and production process. This role will also help develop the product from existing content or submitted manuscripts to saleable product. Some tasks this role will be responsible for include reviewing, proofing, and developing manuscripts, managing product scheduling, facilitating the design of content, updating analysis of products, researching new opportunities to publish, and communicating with freelancers regarding projects. This is an excellent opportunity to learn the ins and outs of the publishing world while getting hands on experience with many facets of the business. Apply for Job Job Requirements : -Bachelor's degree -Outstanding communication skills which include a thorough command of the E

Percentage of Stocks above 50-day MA in bear market top territory

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It has taken a while for breadth indicators to recover, but some have started to enter territory associated with bear market tops. It doesn't necessarily mean a top is here (indeed, sizable and lengthy divergences are not uncommon between breadth indicators and their parent indices), but it will give an inkling as to whether we are still in a cylical bull market - or more likely, a new cyclical bear market. The first to crack above the line was the Percentage of Nasdaq Stocks above the 50-day MA: The breadth indicator has developed a bearish divergence in its supporting MACD trigger line - but it looks ready to go 'green' which should see further gains for the breadth indicator (and the Nasdaq too). The same chart for the S&P does not look so jolly; although it's May peak was typical of bullish markets. The index continues to underperform relative to Tech and Small caps: Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com the free

Jos. A. Bank Clothiers, Inc

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Jos. A. Bank Clothiers, Inc ( JOSB ) had a fun Wednesday as it followed through on an earlier 200-day MA break with heavier volume on the release of earnings . It also had some good technical support with a new reaction high in the MACD, although on-balance-volume didn't confirm with a new high of its own. It has however seen a steady increase in bull trend strength with an ADX knocking around 32.78 and rising. Stops can be placed along rising support connecting April-June reaction lows or the 20-day MA. The Point-n-figure chart is riding a May 28th double top breakout with a target of $43.00. Options players might like some January 09 $17.50 strike at $13.80 from the Ask which is just an $0.80 premium on the June expiration calls at the same strike. The same ask was showing for the July and October expiration at $13.10 for the $17.50 strike. Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock char

Still room for upside in the Nasdaq

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I was back messing about with the ratio of Nasdaq stocks above their 200-day MA relative to those over their 50-day MA. This picture tells a different story from the precarious nature the daily charts give. Unlike many indicators, market reversals don't occur at peaks and troughs in this ratio, but instead occur in a middle band where the direction of entry of the ratio (from above or below) dictates whether the Nasdaq will make a bottom or top. The three bands marked represent reversal zones for tops (red) and bottoms (green) with the mid-band (blue) showing where these two levels overlap. It is clear this ratio is well inside bottom territory and isn't close to challenging the blue mid-band which frequently marks the level at which the Nasdaq peaks. Sizable divergences occur at ratio highs and lows, but these offer little practical use. Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts

Falling three methods; more downside to follow...

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After a scorcher of an Irish bank holiday it's back to the fold. There was no Stockcharts.com review for this week because of the holiday. Yesterday was a tale of moving average resistance and bearish candlestick patterns. The Dow showed the clearest bearish pattern with a Falling Three Method candlestick combo suggesting a measured move target down around 12,055. The S&P tells a similar picture to the Dow; its downward projection is around 1,339. The Nasdaq is in battle royale between the 200-day MA and rising support connecting Mar-Apr-May lows - no clear winner yet: Volatility is on the rise, favoring further short term weakness. My earlier assertions look to have played themselves out: Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website

Sponsored Review: Gembutsu May

Gambutsu Consulting provides training based on the philosophy of the Toyota Production System, termed lean manufacturing training , as trained in Japan. Gambutsu Lean consultants look to apply this ' lean training ' to traditional manufacturers. Lean implementation is a two phase process: Phase I 1. Develop an understanding of the business: What are the long-term goals, challenges and opportunities. 2. Develop a Current State value stream map. 3. Using lean guidelines, determine what the ideal Future State will look like. 4. Break the Ideal State into manageable weekly, quarterly and annual future state goals. Phase II 5. Begin kaizen workshops to accomplish these goals and apply Lean philosophy and tools to these areas of focus. 6. Review and refine future state goals frequently to ensure long-term success. Given the processes involved are aimed towards manufacturing processes, not trading ones, the six steps outlined above do have relevance for developing a trading strategy

Time for a pause?

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Before each of my market posts there is a buy/sell call (at owner's risk!). At the start of the month I usually try to call the flavour for the coming month based on overall market conditions; which I have marked on the chart below. What is clear is having waited so long for the market to roll over (basically spent most of 2007 waiting), I jumped too early on the bullish bandwagon this year. The past 3-months have been good for bulls. Like in late 2006 there is a reasonable chance June will be another upward month. However, it is unusual to get sequence runs beyond 4 months. Look at the early 2006 decline, late 2006 advance, early 2007 advance and the late 2007/early 08 decline; all lasted around 4 months. What we are likely to see after June is a period of sideways trading until the next 3/4 month sequence kicks in. June will likely be the last month I keep my 'Buy' call on the market. Get the Fallond Newsletter Dr. Declan Fallon, Senior Market Technician, Zignals.com th

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