Price Movement After Resistance Is Broken
MR provides a good example of how when a strong resistance is broken it takes a quick leap ahead. $40 has been a strong resistance for MR and it took many attempts before it could break it convincingly. Now $40 should hold as a support. I am currently short MR with an average of $40.50 [...]
Earnings Trends: Positive and Negative Surprises
Here is an interesting chart displaying the earnings trend of S&P 500 companies. Column 1 represents 10 basic sectors.Column 2 represents Q1 median growth year-over-year.Column 3 represents Q2 median projected growth year-over-year.Column 4 represents 2006 median growth.Column 5 represents 2007 median projected growth.Column 6 represents the % of the companies, that have reported earnings in [...]
ETF Special: Variety Of Options
For those of you that do not know what Exchange Traded Funds (ETFs) are here is a short description. What are ETFsThink of an ETF as a mutual fund that trades like a stock thus experiencing price changes throughout the day as it is bought and sold. You can short sell them or buy them [...]