Tuesday, May 27, 2008

Game Four Randomosity

Rebound, Rebound, Rebound

  • The market rebounded smartly after the mid-day swoon. Lower crude prices are getting the game ball today, per Yahoo Finance A drop in crude prices lent support to Tuesday’s buying interest. In turn, market participants lifted the major indices during afternoon trading to finish near their best levels of the session.
  • Tech led the way, and that's exactly what we want to see.  We're also closing in on month-end strength, as 401(k) contributions hit and are automatically dollar-cost averaged into the mutual funds with the best track record for the past three years.
  • (That last line is an attempt to be funny, as investors tend to invest in fundas that have been working the past few years, leading to underperformance in the next three years).

Get the Ball to the Playmakers

  • Adam Warner interviews Brian Shannon.
  • Boy, look at the bears in the Tickersense poll!  Note that the number of participants has declined over the past year, too.
  • Jason at The Trend stated over the weekend:  It's pretty obvious the 200 day SMA was a wall for the S&P 500, S&P 600, Naz, and Dow Industrials. That failure will likely keep some wary of entering the market until it's broken and if the bear market is intact, then the final ABC move may have started but this is all conjecture at this point and we'll need to see more data over the next two weeks.
  • Woodshedder is implementing the RSI(2) strategy!  The system creates a long entry into one or more ultralong or ultrashort ETFs when their RSI(2) closes beneath 10. The system triggers an exit from the ETF when RSI(2) closes above 80. The buy or sell is made the morning after the signal is generated. I am currently using only the ETFs which average at least 100K shares traded per day.

Keep Home Court Advantage

  • Well, I've made a few changes to the blog to clean it up a bit.  The links on the side are now from blogrolling, instead of HTML links that spread down the sidebar.  A neat thing about that is that recently updated blogs are notated with an asterisk!
  • I deleted some dead links and will be updating it with some new ones, soon.
  • I've added a link to the Sacramento Top 25 blogs in the header.  Click on it once a day for me, okay? 
  • I've added a subscribe by email function at the top, to have the content delivered by email.  Handy!
  • I removed the Podcast widget, but you can still visit the links to listen.  I may resume Podcasting in the near future.  I find myself just repeating what I blog here... without the cheerleader pics. 
  • Oh, and that's Laker Girl Annika, btw.
  • The voice mail is still active, and if you have a microphone on your PC you can leave a voice message. 
  • The Google finance widget shows the market indices.

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