Volatility of volatility is making history. Today, the VIX Index, also known as the Volatility Index, declined for the 10th consecutive trading day. This ties the all-time record for consecutive down days set back in May 2005 and October 2009. Over the past 10 trading days, the VIX Index has fallen over 41% (from 27.6…
Today I deleted Anacor Pharmaceuticals (NASDAQ:ANAC) from the Barchart Van Meerten Speculative portfolio for negative price momentum. Barchart technical indicators: 48% Barchart technical sell signals Trend Spotter sell signal Below its 20 and 50 day moving averages 26.90% off its 52 week high Relative Strength Index 40.59% Recently traded at 115.07 with a 50 day moving average of…
Gold Gann angle update. A strong bounce off a 1×1 Gann Angle should be the bottom.The strong hands have squeezed out all the weak hands. The momentum is improving, maybe the hint of negative interest rates form the FED set the bottom. Investing Quote… ..”I latter told my students, ‘think in waves’ [of price and…
Since August 24, the day the market dropped 1,000 points in five minutes, stocks have been treating us to daily thrills and chills. And, if you have been following these almost constant ups and downs in your portfolio, you – and a whole lot of folks like you – have by now gotten that sick,…
Looking at the bigger picture of both the DXY and the FXCM US Dollar index ($US Dollar) we notice that they have both been in consolidation patterns since the top in the spring of this year. The consolidation patterns in the two pairs, however, differ significantly from this top. In the DXY what we see…
Tonight’s Mets vs Dodgers game is going to be an interesting one. The playoff series is tied 1-1, but game 2 was decided in a controversial manner. Chase Utley was on first base with 1 out in the seventh inning and a man on first. The batter hit a ball up the middle where the…
Image Source: Lilly.com Today Eli Lilly (LLY) announced that it had discontinued development of a drug intended to inhibit cholesterol esterase transfer protein (CETP). The drug, known as evacetrapib, was in a phase 3 clinical trial to treat patients with high risk of cardiovascular disease. The phase III study, known as the ACCELERATE trial, recruited…
The Chart of the Day belongs to Global Brass and Copper (NYSE:BRSS). I found it by first sorting for stocks with a Weighted Alpha of over 50.00+ and then for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 8/78 the stock gained 25.48%. Global Brass & Copper Holdings, Inc. is a converter,…
Since the mid-July peak, when Jim Cramer warned the market’s “last shred of hope was the freight index holding up,” The Baltic Dry Index has been in free fall (at a time with very positive technicals). In fact, today’s drop to 809 is the lowest in over 3 months and the lowest for this time of year since…
You think this is a buying opportunity? You think we’re heading for new highs? Oh, please, buy! Be my guest! No, no, after you………..
