November 30, 2008
Guest: Brian Shannon, AlphaTrends.net provides insight and direction of this ever confusing market. We review buy an sell rules along with some key tips on how to profit and limit losses. How is this market different from the 1929-1932 bloodbath? Will it continue to decline? Are we in rally mode or simply a bear market bounce? These are some of the questions answered in this episode.
Brian Shannon founded AlphaTrends in an effort to provide unbiased technical analysis of momentum stocks or stocks that look poised for a large move in either direction. Brian is a veteran full time trader and self taught technical analyst who was previously Head of Research and Training Instructor at MarketWise.
Click on the charts to enlarge
Stocks Discussed: (SPY) , (QQQQ), (DIG), (UYM), (AAPL) (DJIA) Archer Daniels (ADM), Caterpillar (CAT), Berkshire Hathaway (BRK.A), PowerShares DB Agriculture Fund (DBA), PowerShares DB Com Indx Trckng Fund (DBC), General Motors (GM), Ford (F), Citigroup (C), Goldman Sachs (GS), Sears (SHLD)
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November 30, 2008
A few of the more important reading items and links for November 30th :
- Black Friday sales chalk up 3% gain from last year – MarketWatch – Black Friday sales chalk up 3% gain from last year
Big discounts, early openings boost receipts despite economic worries
- Black Friday e-commerce spending reported edging up 1% – MarketWatch – BLACK FRIDAY
- Microsoft in $20bn Yahoo deal – Times Online – Yahoo! Microsoft
- TESLA Bailout? – The company is requesting $400 million in low-interest federal loans as part of the $25 billion loan package for the auto industry passed by Congress last year.
- YEEESHooo! – Yahoo Said to Deny Plans for Selling Internet Search Business
- Microsoft-Yahoo deal total fiction: report – Then again……
- Tahoo and Microsoft are at it again – Microsoft will put up $5 billion to back Jonathan Miller, the former chief executive officer of AOL, and Ross Levinsohn, a former president of Fox Interactive Media, the newspaper said, without saying where it got the information.
November 30, 2008
Resistance, support, moving averages and retracements are all common terms used in technical analysis. But often times, plotting all of the important points is a difficult task. That is why you should take a look at an interesting tool from BarChart.com.
It is like an all-in-one technical analysis source smartly contained in one picture. Below is an example of Apple (AAPL) with up to date info. You like?
November 29, 2008
A few of the more important reading items and links for November 29th :
- BBC NEWS – Opec refuses oil production cuts – OPEC energy ministers have decided to leave oil production quotas unchanged after talks in the Egyptian capital following falls in the price of oil.
- Credit Card Fees Under Fire – Mastercard watch out!
- Yahoo talent may be hard to find – Yahoo! may find hiring a replacement chief executive officer more difficult while “Chief Yahoo” Jerry Yang works down the hall.
- Pension Agency Sounds Alarm on Big Three – Were GM to place its pension burden on PBGC, it would more than double the agency's current shortfall.
- Hedge Funds still reeling – Founded by former employees of billionaire George Soros, stopped client withdrawals from its three largest hedge funds
November 28, 2008
I originally found this colorful yet sobering chart over at Infectious Greed a day ago. He clipped it from Voltage Creative and even as there are ongoing and heated arguments over the total taxpayer money that has been committed to save the system, all agree it is a monstrous number.
The dollars in the chart have been adjusted for inflation and the comparatives are simply included to provide a vantage point to absorb the magnitude of the money that has been thrown at this mess.
Note: Bloomberg has the tally closer to $7,150,000,000,000 (rounded to closest billion)
Chart was origianlly created by Voltage Creative. Nice Work!