TECHNICAL VIEW . Written Tuesday, September 16th, 2008 A New Bear Mark et Leg Down Likely Starting! Schwartz Strategy. Right at the close yesterday, the Dow Industrials dropped sharply going from -400 points down to -500 points down, closing at 10,917.50 , below its previous bear market July 15 th closing...
MORE RECOMMENDATIONS ON MY NEW ENERGY SAVERS THEME On Friday, June 13 th , I began a new investment theme, what I called the Energy Savings (Savers) Theme . Essentially a new theme is when some macro force is seen as boosting a whole group of companies, not just one hot company with a new product. And...
UPDATE ON THE STOCK MARKET . Wednesday, April 9th, 2008 Another day of compacted volatility (is that an oxymoron?) yesterday. This time on the lowest daily trading volume in 2008. Thus the stock market continues to draw, in Wall Street jargon, a “line” I’ve started writing about. One way, reason and...
UPDATE ON THE STOCK MARKET . Tuesday, April 8 th , 2008 : Yesterday was the 4 th day in a row the stock market traded essentially flat. I believe we’re now building what the old timers called “a line.” Just means compacted trading action on lower trading volume. Can run for a week to two or much longer...