Holy market drop batman

First a quick peek at the market impulse table:note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.Clearly, it’s a sea of red this morning. All impulse are down...

Keeping an eye on Polyone Corp (POL)

Not at entry level yet but I am adding POL (Polyone Corp) to my long watch list. I traced a trendline starting mid to late 2003 to the recent level. The results are two fairly long pullbacks following uptrends which tested the 9.50-10 price levels. If this line is...

Weekend Report

Here is a report of my weekend homework. First, the bird’s eye view of the markets:note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.After last week’s...

Follow up on LTD

I just recently realized a lot of my posts are for longer swing positions which sometimes require several weeks to setup and not quick day trades. To be a little more thorough, I will try to post follow-ups on the same symbols a couple of weeks after I mention them...

MCD on Wallstrip

MCD (McDonalds Corp) is featured on Wallstrip today. I wanted to send this out earlier but the day took over the schedule. MCD has been trending up since early in 2003 and on 01/17/2006, MCD hit its 260 days high of 45.06. After a short correction, the price is now...