Market Comments
Posted by StockRake on December 25, 2011 in Market Comments, StockRake Rewind
My 2011 Year End Review Infograph
What’s In Store For the Market For 2012? I’m not sure, but I always remember something my dad once told me. Son, never bet against scantily clad villagers who stare endlessly at the night sky. The COMPX and RUT are still trading below, a now arcing lower, 50w moving average. Still not a bullish trend …
Posted by StockRake on December 7, 2011 in Market Comments
Market Definitely In Lockout Mode
Mark Minervinni posted something about the market is possibly in lockout mode. This is where the market remains overbought and gives very little pullback for bulls to buy. Essentially locking buyers out and missing the stampede. The way the futures are acting on a nightly basis plus the fact that the COMPX has gotten overbought …
Posted by StockRake on December 1, 2011 in Market Comments
RUT May Be A Decent Day Trade Short Tomorrow
The RUT triggered on the last bar of the day. Its an early sell warning type signal. This signal went long Monday morning on that big FU gap up. Now its turning down. BIG HOWEVER, is that its probably a pull back short. Also seeing the MACD turn up as of yesterday on monster price …
Posted by StockRake on November 28, 2011 in Market Comments
928 Stocks Trends Swapped To Down This Week
928 stocks are matching my trend filter. That is not good for the trend obviously, but I’ve seen many a bounce when this many stocks in a filter skews this many. I’ve seen it in the thousand+ number before many times though. ***********This post was made last week********** Just unloading it from the draft bin. …
Posted by StockRake on November 17, 2011 in Market Comments
Still Doing Nothing
Market in kooky spot. Would have gone short today at close had we not closed extremely oversold on the intraday charts. That said a huge gap up in the morning I might try it. Not a huge gap up and I’ll still be chilling in cash. This market over the last 2 weeks has been …
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My 2011 Year End Review Infograph 25 Dec 2011