March 2009 - Page 2 of 3

TRIN – Arms Index

March 22, 2009

Developed by Richard Arms in 1989, the Arms Index, also called the TRIN (TRaders’ INdex) is designed to detect overbought and oversold levels in the markets. The indicator looks at the number of advancing stocks versus declining stocks combined with how much volume is flowing into these stocks. Using the Trin This is a contrarian indicator, meaning it has an inverse relationship with the market. A ratio of 1 means the market is at parity, above 1 indicates more volume…

The Fibo Bounce

March 18, 2009

Tim Racette

Market Update

Looking at an hourly chart of the S&P, we seem to be breaking a Fibonacci Levels, pulling back, then bouncing off to the next Fibo Level. Looking to the market internals intra-day can help confirm whether or not the pullback is buyable.

Traders Expo: Los Angeles, CA

March 15, 2009

Tim Racette

Events

The International Traders Expo will be held in Los Angeles from June 3-6, 2009. Click the title for a link to register for free.

Ladies and Gents, We’re Back!

March 15, 2009

Tim Racette

Videos

After a week in Las Vegas, we’re back and ready to fire up the trading again. A lot has happened in the prior week and a lot more is to come in the week ahead. Enjoy!

Wk11: Market Recap

March 15, 2009

Tim Racette

Recap

In last week’s news, Warren Buffett’s commented Monday that the economy has “fallen off a cliff,” but is optimistic that the banking sector will recover. Citigroup announced they we’re profiting on the year Tuesday and stocks soared with the DOW up 5.8%, S/P 6.4% and NASDAQ and Russell up over 7%. Citigroup itself ended up 34% on the day. Gold pulled back early in the week before climbing higher with a close of 928.00 on Friday (London Fix PM). As…

Wk12: Market Forecast

March 15, 2009

Tim Racette

Forecast

In the week ahead make note of these important economic announcements.· Sun: Ben Bernanke Speaks on CBS 60 Minutes 7:00 PM ET· Mon: Industrial Production 9:15 AM ET· Tues: Housing Starts 8:30 AM ET· Tues: Producer Price Index 8:30 AM ET· Weds: Consumer Price Index 8:30 AM ET· Weds: FOMC Meeting Announcement PM 2:15 ET· Fri: Ben Bernanke Speaks 12:00 PM ET Other economic news reports are Housing Market Index Monday, Petroleum Status Report Tuesday and Jobless Claims Thursday. Visit…

Wk12: Stocks to Watch

March 15, 2009

Tim Racette

Watchlist

LONG ARO – Sitting right at the 200-MA and showing increasing volume on the current rally. Enter close to $24 with a stop under the prior swing low. BR – Broke out nicely on good volume. Buy on a pullback at prior resistance around $16.50-$17.00. HANS and SA are acting similar to BR. Use BR’s chart as a reference when drawing your support and resistance trend lines. GEOY – Buy on a break of $20.30 (Resistance). The trade can be…

Wk10: Market Recap

March 8, 2009

Tim Racette

Recap

Week 10 was filled with economic data. The ISM manufacturing report showed a second straight month of strength which is leading some to say that the worst may be over. In President Obama’s statement Tuesday, he expressed that the long-term valuation of the stock market is attractive. Tuesday a very weak pending home sales report headlined the day’s economic data. The report points to deepening declines for current home sales. The Fed’s Beige Book reported that the recession is deepening,…

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