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Joshua Hayes

NASDAQ confirms a new uptrend on big above average volume Today’s action was precisely the action we have been waiting for as stocks exploded higher on big volume as leaders take charge.  Futures were pointing to a higher open prior to economic reports being released.  A slightly disappointing ADP employment report did dampen the mood a bit, but it was the big increase in ISM manufacturing figure.  The market was expecting a reading of 53, but the index rose to 56.3 well above expected sending stocks much higher.  Volume ran higher across the board for much of the day.  Yesterday’s end of day volume was quite large and proved to be too much for the NYSE to overcome, but not the... Read more »

Stocks finish off the lows of the session as the market assesses a bickering central bank Better than expected home price data from Case-Shiller, Chicago PMI, and consumer confidence figures help drive the market higher for much of the day.  Volume had an advantage as Monday’s trading session bore witness to the lightest trading volume of the year.  It wasn’t a surprise to see volume surge.  The market was tripped up by the bickering going on over at the central bank.  Our masterful central bank has an internal feud as to what to do about monetary policy going forward.  This spooked the market as the NASDAQ lost nearly twenty points in forty minutes.  Support did come in during... Read more »

Super Light Trading, but Stocks End at Lows – Cash is still King Following up on Friday’s gains the market gave a good chunk of the gains back.  The selling really began after the release of the Dallas Federal Reserve manufacturing index fell more than expected.  Although an improvement from last month’s reading the number disappointed and sellers took over.  Volume at preliminary look was the lowest for this year which calls into question the big percentage decline.  However, the steep decline and ending at the lows of the day does put a very negative spin on the day.  Today was not your prototypical consolidation day and this market still needs more to prove itself even... Read more »

Currently in portfolio: longs: 17 (20-25% of accounts) shorts: 10 (less than 5% of accounts) cash: 75% ticker symbol – date of purchase – total return longs: LCUT 124% 11/2/09 JKS 99% 7/13/10 PWER 29% 7/7/10 RDCM 26% 8/2/10 RES 16% 7/13/10 NR 13% 7/20/10 RDWR 10% 8/17/10 shorts: KSS 13% 5/13/10 LM 12% 7/27/10 Share on Facebook Read more »  Read More →

A better than expected jobless claims figure did help ignite excitement in the early morning session.  But this excitement did not last for very long as buyers simply went to the wayside as GDP revision hangs over the market.  Volume ran lower throughout the day and ended about 10% lower across the board.  Selling did accelerate into the close and the close suggests selling pressure may step up in the morning.  At the very least, the action today was on light volume, but we’ll need to see support rush into the market to avoid further downside. Tomorrow morning we’ll finally get the much anticipated GDP revisions and although economists expect the figure to be 1.4% it appears... Read more »

Big Wave Trading News

Once again stocks were able to extend their gains from Monday’s trading session and push higher for the 7th consecutive day.  Accumulation has stepped into the market, but on Thursday the vigor wasn’t up to par with Wednesday’s level.  For much of the day stocks spent time around the unchanged levels.  It appeared the NASDAQ was going to eek out small gains and the S&P 500 was going to finish lower in slower trade.  However, the market had other ideas sending the market to new highs... Read more »

Market Speculator

By Market Speculator Once again Crude Oil took a major blow Monday as well as other commodity prices.  The IMF revised its growth causing panic in the World Recovery thesis.  Technology stocks also took a tumble Monday as investors were fleeing technology names.  Stocks were simply sold today as sellers wanted to cut loose at all costs.  Closing at the lows of the day is a signal that sellers are in full control.  Leadership has been showing weakness for the past two weaks and is finally beginning... Read more »

Strategy

There is simply no better software that I use to scan the market than Telechart. This program allows me to consistently beat the market by using the proper price and volume tools that this program gives you for such a low price. It has not been named best software under $500 a year for almost 15 years in a row for no reason. This software comes with the proprietary indicators of TimeSegmentVolume, Balance Of Power, and Moneystream that you can not get in any other software package. Though I do not... Read more »

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