Monthly Archives: July 2007

Lower Low With Better Breadth

July 31, 2007 – 6:00 pm

Last week the SPX had a low with only 90 stocks above their 50 dma and only 239 stocks above their 200 dma, and a VIX intraday high of 24.17.
Today the index closed with 92 stocks above their 50 dma, 240 stocks above their 200 dma, and a high VIX of 23.93.
Take the closing VIX […]

By Bill | Posted in General Market Commentary | Comments (0)

Belly Up To The Buffett

July 31, 2007 – 6:14 am

This is one of the most quoted lines in the financial blogosphere. It is also a line that seems to be widely disregarded by most of those who quote it.
Be fearful when others are greedy. Be greedy when others are fearful.
- Warren Buffett.
Now, “Bearish Barry” briefly had a post […]

By Bill | Posted in General Market Commentary | Comments (4)

Adding Exposure and Pulling Stops

July 29, 2007 – 10:17 am

As mentioned previously, in Model Update, Blood in the Streets, and Time to Buy Some Panic, I think we’re closer to an intermediate term bottom than we are to a long term top, and while we can reasonably argue about degrees of “panic,” I certainly think this fits the bill. While players with intraday […]

By Bill | Posted in Specific Discussion of Individual Trades | Comments (4)

Predictive Model Output – Jul 27, 2007

July 27, 2007 – 6:00 pm

No chart today.
Everything that’s on a chart that could indicate a bottom is still there, a big beat-down in S&P 500 stocks above their 50 or 200 dmas (at levels that signaled “bottom” three times in the past three years), a super low RSI (a short-term indicator), super high VIX to ATR/Close (a […]

By Bill | Posted in General Market Commentary, Specific Discussion of Individual Trades | Comments (1)

Buying!

July 27, 2007 – 7:40 am

No “data bomb” today in GDP. Buying SSO and QLD in weights of 18% and 20%, bringing me to about 73% long.

By Bill | Posted in Specific Discussion of Individual Trades | Comments (0)