Dr. Dave- You are killin' it on these T/A charts! We all appreciate efforts and wisdom here!
Matt
Dr. Dave- You are killin' it on these T/A charts! We all appreciate efforts and wisdom here!
Matt
oops...didnt read the rest of the paragragh...thats how anxious i am
The past 4 days have been Umbrellas. That means that there could be a reversal due to indecision by buyers. It means that sellers were winning out during the day, but the buyers managed to push the price back to the opening price at the end of the day.
After long declines this can be a bullish indicator, but it is an indicator that has to be confirmed with a turn either in a bullish or bearish reversal. The accuracy is rated at medium for dependability.
I mixed my words up on the chart. I meant to say -50 or less...Northward!
Last edited by billhart22; 08-16-2009 at 11:37 PM.
great annotation bill
btw ...i been running bad in poker and running good in stocks..... cant focus on 2 things tho.... i have a 1mill gaurentee thursday at foxwoods.. need to be ready for that one
Thanks Bass,
I was just trying out that annotation software at http://www.chartfu.com
It is really nice and is only $14.00. I am running the 30 day free trial, but I am going to buy it.
You can do all kinds of stuff with it.
Tournament time on Tuesday. Well I wish you the best of luck! Win, buddy!
I sound like I am from the south with that laggin indicator. I just misspelled it and it isn't worth correctin.
Last edited by billhart22; 08-16-2009 at 11:23 PM.
Eventually, investors will need to see rising sales in order to become confident about the economy's ability to show sustained growth. Consumer spending accounts for more than two-thirds of the nation's economic activity.
"We'll get a very good range of what retail sales actually look like" this week, said Jamie Cox, managing partner at Harris Financial Group in Richmond, Va. Cox noted that retailers from across the pricing and product spectrum are reporting results.
Off-price retailer TJX Cos. and the high-end Saks Inc. report results Tuesday, while apparel retailer Gap Inc. provides its earnings data on Thursday. Home improvement retailers Lowe's Cos. and Home Depot Inc. also release results this week, as do Target Corp., BJ's Wholesale Club and Barnes & Noble Inc.
Stock gains were muted after the Commerce Department said Thursday that retail sales fell 0.1 percent in July, significantly worse than the 0.7 percent increase economists expected. The news was bad again Friday, when a new reading on consumer sentiment was much lower than expected. Major indexes tumbled about 1 percent that day.
http://apnews.myway.com/article/20090816/D9A43L480.html
Good luck out there this week people!!!
they can fix that by another consumer driven stimulus. i mean why not? it would help investors no?
Overall -
First compare to market thus far... toys a little behind the SP500 - but, many of the leaders in the SP500 were the companies that had direct stimulus packages... ie. unregulated tarp funds to the banks, etc... so this isn't suprising, expecially since toys go with consumer sentiment, and its the average joe who's losing their jobs that buy toys...
But - (take into account that asian markets are dumping pretty big right now and SP500 futures are dropping at the moment)...
It appears that there may be a chance for the toy index to pop above resistance tomorrow - if it could close the week out up, while the rest of the market craps (if the market craps) that would be bullish for toy stocks... perhaps on the hopes of toy sales later in the year...
On the flipside, if it dumps... perhaps I'd wait on a position.. .or compare how HAS does to the toy index... ie. if the other toys are out of favor, and the index drops, but HAS can bust that $29 level in the next posts, its a go TA wise.