Monthly Archives: July 2013
Update July 19, 2013
Posted by professor at Jul
With the Dow pulling back in what appears to be the start of a wave 2 retracement, I’m just watching. Obviously, VRTX is off to a nice start after a Band Squeeze on the 60s. Money is currently flowing out of technology (things like Google and Microsoft) and into healthcare and drugs, among other […]
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FXP July 19, 2013
Posted by professor at Jul
I just happened to notice that while most of the Asian markets closed significantly lower overnight, Hong Kong actually closed up 17 points. This is very strange because the Asian markets usually tend to trade together, just like Europe. So with Japan and Shanghai both off 1.5 percent, it’s very strange to see Hong Kong […]
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Professors Comments July 19, 2013
Posted by professor at Jul
After 4 days of sideways trading that appeared to be a small corrective wave 4, the Dow rallied for 78 points, closing at 15,548. And even though the rally was one day late, it was likely the Big Move suggested by Monday’s small change in the A-D oscillator. Intraday the Dow was actually up over […]
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Professor’s Comments July 17, 2013
Posted by professor at Jul
The Dow rose 18 points, closing at 15,470. Volume was heavier than normal, coming in at 110 percent of its 10 day average. There were 184 new highs and 20 new lows. Since 11 July, when the Dow popped 169 points on Benanke’s comments about providing an accommodative monetary policy, the Dow has traded in […]
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Dean’s List July 17, 2013
Posted by professor at Jul
Ticker: Name: Rank: Price: QLD PROSHARES – Ultra QQQ 4 73.43 UWM ULTRA RUSSELL2000 PROSHARES 4 68.58 OIL iPath S&P GSCI Crude Oil TR Index 3 24.96 PBE PowerShares Biotechnology & Genome 3 32.38 PSI PowerShares Semiconductors 3 16.95 PUI PowerShares Utilities 3 20.06 PXQ PowerShares Networking 3 28.36 USO UNITED STATES OIL FUND LP […]
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Dean’s List July 16, 2013
Posted by professor at Jul
Ticker: Name: Rank: Price: OIL iPath S&P GSCI Crude Oil TR Index 4 24.76 UWM ULTRA RUSSELL2000 PROSHARES 4 68.03 AUY YAMANA GOLD INC 3 10.40 EWJ iShares MSCI Japan 3 11.87 EWT iShares MSCI Taiwan 3 14.07 PAAS PAN AMERN SILVER CORP 3 12.33 PBE PowerShares Biotechnology & Genome 3 32.25 PIN PowerShares […]
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Professor’s Comments July 17, 2013
Posted by professor at Jul
The Dow fell 32 points, closing at 15,451 After noting three days of EXTREME overbought conditions from the A-D oscillator, the pullback was expected. Volume was slightly heavier than normal, coming in at 106 of its 10 day average. There were 184 new highs and 32 new lows. Fed Chairman Bernanke will be on Capitol […]
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Dean’s List July 15, 2013
Posted by professor at Jul
Ticker: Name: Rank: Price: OIL iPath S&P GSCI Crude Oil TR Index 4 24.91 PBE PowerShares Biotechnology & Genome 4 32.69 UWM ULTRA RUSSELL2000 PROSHARES 4 68.70 PBS PowerShares Media 3 22.57 PUI PowerShares Utilities 3 20.14 QLD PROSHARES – Ultra QQQ 3 73.27 USO UNITED STATES OIL FUND LP 3 37.67 VNO Vornado […]
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Professor’s Comments July 16, 2013
Posted by professor at Jul
The Dow rose 19 points, closing at 15,484. Volume was light on the advance, coming in at 90 percent of its 10 day average. There were 320 new highs and only 20 new lows. There was a small change in the A-D oscillator yesterday, so the markets could experience a Big Move within the […]
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FXP vs FXI July 15, 2013
Posted by professor at Jul
One of the things I’m watching this morning, now that all of the PT indicator on FXP have turned RED, is FXI…the long China ETF. FXI is on the Dean’s List, has a TLB Pattern in place, but is currently supporting RED indicators on the Daily Chart. So for the moment, even though I have […]
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