Archive for the ‘Wall Street’ Category
Surviving the Post-Apocalyptic Market
The major indices hit new rally highs on April 26, just eight days before a systematic failure dubbed the “flash crash” dropped the Dow Jones Industrial Average nearly 1,000 points in just a few minutes. While the markets bounced as quickly as they fell, the impact of the event still reverberates through the ticker tape [...]
Yo-Yos
Reprinted with permission from The Master Swing Trader Toolkit Alan S. Farley McGraw-Hill 2010 All Rights Reserved.
There are three types of traders in this world: winners, losers and yo-yos. It doesn’t take much effort to comprehend the virtues of winning or the liabilities of losing, but what exactly constitutes a yo-yo trader? Quite simply, these [...]
Retailers Beating September Estimates
Most retailers are beating estimates for their September same store sales. The group has been running higher all week, so a sell-on-good-news reaction is possible:
Hot Topic (HOTT) ABOVE
Zumiez (ZUMZ) ABOVE
Buckle (BKE) BELOW
Limited (LTD) ABOVE
Children’s Place (PLCE) ABOVE
Stein Mart (SMRT) BELOW
Fred’s (FRED) ABOVE
Macys (M) ABOVE
Dillards (DDS) ABOVE
Gap (GPS) BELOW
American Eagle (AEO) ABOVE
Abercrombie and Fitch (ANF) ABOVE
TJX [...]
Toxic Equity Trading Work Flow on Wall Street
Here a site link to the Themis white paper on HFT practices. As usual, I can’t vouch for its accuracy.
Toxic Equity Trading Work Flow on Wall Street
Worst Performing Groups – First Half of 2009
Worst Performing Groups – First Half of 2009 (using common indices)
Airlines: -27%
Banks: -12%
Water Utilities: -12%
Insurance: -11%
REITs: -7%
Defense: -4%
Drugs: -3%
Telecom: -3%
Transportation: -3%
Oil: -3%
Utilities: -1%
Banks are the real kicker on this list because of all the recovery hype. Their 6-month performance shows they’re still “critically injured, with a “guarded” outlook into year’s end.
Honor Your Stops…Really
One picture is worth a thousand words. Look at the price action on Matrixx Initiatives (MTXX) after the FDA warned about its popular Zicam cold remedy, right in the middle of Wednesday morning’s session.
The stock dropped nearly 14 points in under 30-minutes. I can’t find a better argument for placing and honoring your stops, because [...]
Natgas Futures: A Whole Lot of Nothing
Natgas makes a big splash every time it has a rally day but the turnaround in this underperformer could still be months away. The weekly natgas chart (continuous contract) shows a steep decline that’s nearly a year old. Selling pressure finally eased up at the start of May, but there’s been little progress since that [...]
Springtime For Agricultural Sector
Agricultural stocks are finally heating up, after lagging the broad market for many months. This follows the quickening pace of the raw materials rally, which is lifting all sorts of energy, industrial and metals companies.
Potash (POT) is a top performer here. The stock has rallied back to November resistance in the mid 90s for the [...]