This is another great article by Phil Davis of Phil's Stock World - this one about the dollar, gold, commodities - and oh yes, stock indices.
A wide-ranging review of markets, gold/dollar commentary and more - set aside a few minutes for this one: Global Markets in Review: Is the Risk Trade Back On? -- by Prieur du Plessis, at Seeking Alpha, http://seekingalpha.com/article/172020-global-markets-in-review-is-the-risk-trade-back-on.
And here are more good articles for this weekend's reccomended reading list:
First, the usual - Terry Laundry's T Theory update at his T Theory site (always in the list at right).
And some more good articles and posts:
TraderFeed: Eliminating Bias in Trading, at http://traderfeed.blogspot.com/2009/11/eliminating-bias-in-trading.html.
Brett Steenbarger on trade management, again at TraderFeed: Trading Psychology and the Risk of Ruin, at http://traderfeed.blogspot.com/2009/11/trading-psychology-and-risk-of-ruin.html.
Percentage of Stocks Above 50-Day Moving Averages -- from Bespoke Investment Group, pisted at Seeking Alpha 11/6/09 - http://seekingalpha.com/article/171640-percentage-of-stocks-above-50-day-moving-averages
Includes looking at separate sector bullish percent charts. Points out that financials and technology sector are critical, but
lagging.
The Twist on the SPY's "Squeeze" by Marty Chenard | Safe Haven http://www.safehaven.com/article-14940.htm.
Technical Market Report by Mike Burk - I respect his work although he thinks the Dow will poke higher next week, but
sees bearish potential on the bigger picture - posted at Safe Haven | http://www.safehaven.com/article-14953.htm.
Here's another we like to keep up with, and isn't bearish yet either - As usual, we like to see what Todd Salamone and Rocky White are saying in their weekend update, in Schaeffer's Monday Morning Outlook: Dow Reclaims 10,000, at http://www.schaeffersresearch.com/commentary/observations.aspx?ID=96167. We've got to admit they've generally been on the right side of the trade since the uptrend from the March lows was confirmed. Here's their introduction to this week's sentiment and technical analysis:
A 200-point rally on Thursday brought the Dow Jones Industrial Average (DJIA) back above 10,000, a level it has been flirting with since mid-October. It had every reason to tank on Friday, when unemployment figures came in worse than unexpected. Instead, the Dow held. Todd Salamone, Senior Vice President of Research, examines several technical and sentiment indicators, including the performance of the CBOE Market Volatility Index, that help explain why the market held support last week. Next, Senior Quantitative Analyst Rocky White takes a look at November seasonality for the SPX during the past 30 years, and discovers that this once tried-and-true period of positive returns isn't quite as dependable as it once was. Finally, we wrap up with a look at some key economic and earnings reports slated for release this week.After looking at factors including strong reliance on the 80-day moving average (and the SPX 1080 level), Todd adds a personal note: "I am going to leave with you some fun facts to ponder, as illustrated in the tables below. It is research from our own Rocky White, Senior Quantitative Analyst, and Ryan Detrick, Senior Technical Strategist, on the heels of the New York Yankees winning the 2009 World Series. Shorts beware!". Hmmmmm - I'll admit that's a new one for me...!
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