By Josh Hayes on December 11, 2007
What more can you say but WOW!? There is no doubt in my mind that this was one of the worst intraday selloffs I have ever seen in my trading life. Now, I am sure I probably have seen one this nasty before. In fact, in all honesty, I know I have. But it hasn’t [...]
Posted in default category | Tagged ASYS, blunder, chart patterns, confusion, honesty, longs, mistake, no doubt, pullback, rally, stock, talking heads, wrath |
By Josh Hayes on February 24, 2007
Stocks finally decided to take a break, across the board, as stocks meandered in the red all day, closing off the lows. However, a slight change of character was the fact that there was no last hour rally. That is probably due to most traders starting the weekend early as an exhaustive holiday shortened week [...]
Posted in default category | Tagged big boys, breadth, computer data storage, data provider, djia, downside, indexes, lows, Nasdaq, no doubt, NYSE, sectors, sp 500, storage computer |
By Josh Hayes on January 5, 2007
Despite strong job numbers that on the surface appear to be bullish for stocks, major market indexes sold off failing to capitalize on yesterday’s impressive performance. Rising hourly earnings and fear of the Fed not cutting rates due to the strong hourly numbers was the spark that lit the fire of the sellers. At the [...]
Posted in default category | Tagged bad news, breadth, brunt, djia, fear, growth stocks, job, Nasdaq, no doubt, NYSE, shakeout, sp 500 |
