The stock market is headed higher, but the future advance may be much slower. 5/20/08
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DAILY MARKET OUTLOOK ARCHIVE
7 interest-rate cuts, as well as tax-rebate checks, have apparently tipped the scales in favor of the bulls. 5/19/08
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Massive overhead on the SPX, NASD may slow advances. Remain long, with emphasis on tech stocks and quality blue chips. 5/16/08
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We have a lot of young, inexperienced people managing risk in an environment that we haven't seen in upward of 50 years. 5/15/08
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It's intriguing that ABK and MBI should have stock prices of $4 and $9.32, respectively. 5/14/08
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In two days of very low-volume trading, we've covered 24.7 S&P points but made only 5.9 points of progress. 5/13/08
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To some extent, we are all using our capital to buy what we think is going up and sell what we think is going down. 5/12/08
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'Currency vigilantes' are actually hoping for inflation, as higher rates will make the dollar a currency to buy instead of sell. 5/9/08
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The SEC will require Wall Street firms to disclose capital and liquidity levels. 5/8/08
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In many ways, what happened with FNM yesterday was representative of what happened with the entire market. 5/7/08
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The move in oil and resulting moves in oil names created a bit of a head fake during the past few trading days. 5/6/08
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'Only' 20,000 jobs were lost last month, but 8,000 were added in the financial and construction areas. 5/5/08
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Although there will be a few bumps along the way, the road should begin to smooth for the markets. 5/2/08
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The response to the Fed's interest rate cut led to key reversals in the DJI and the SPX. 5/1/08
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The response to the Fed's interest rate cut led to key reversals in the DJI and the SPX. 5/1/08
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The market has no runs, no hits and no errors. But the umpire Fed may tell us the real score. 4/30/08
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Even with all of the negatives, the market is pounding on the door of a breakout -- that's usually the mark of a bull market in the making. 4/29/08
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With the VIX and VXN at this year's lows, chase nothing and own quality -- it's hard to go wrong with that advice at any time. 4/28/08
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Despite the NASD's climb Thursday, it's going to be a long time before we see new market highs and the signal that it is over. 4/25/08
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The DJI's trend and technical indicators support a plodding path before we have a shot at a major breakout into new highs. 4/24/08
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Company after company, including UAUA and MCD, is reporting that higher fuel costs will impact future earnings. 4/23/08
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Unless institutional players pick up the pace, it will be hard for public buyers to overcome the overhead after nine months of volatile trading. 4/22/08
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Buyers took charge and surged through the resistance line at DJI 12,800. How long before we see new highs? 4/21/08
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With positive earnings from CAT and GOOG, good sentiment and April stock options expiring, look for shorts to cover positions. 4/18/08
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With the DJI poised for breakthroughs, now is the time to dust off the rifle, not the shotgun, and go after the big game with the best rack. 4/17/08
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From strictly a charting standpoint and most other accepted technical indicators, there are still few solid signs of a bottom. 4/16/08
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Financials that are reporting earnings could impact the SPX and determine whether the indices will hold at current levels or decline. 4/15/08
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GE's poor numbers have many wondering what's in store with 65 SPX names, many of them financials, reporting this week. 4/14/08
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It's going to take patience but it is time to begin positioning our best ideas with a partial commitment to the long side on this pullback. 4/11/08
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It's going to take patience but it is time to begin positioning our best ideas with a partial commitment to the long side on this pullback. 4/11/08
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The current pull-back could be viewed as a buying opportunity so get ready to put some money to work. 4/10/08
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Disappointing results from names like AA, AMD and UPS may be setting up buying opportunities in select sectors.
4/9/08
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M&A talks in MSFT, YHOO, C and DFS propelled Monday's market. What will power the indices today?
4/8/08
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Only the action of buyers overwhelming sellers as evidenced by confirmed charts makes a bottom. Are we there yet?
4/7/08
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We should watch for the NASD to either succeed or fail at precisely 2,419, since it may tell us the future direction of the broader market. 4/4/08
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For the bulls to punch above the SPX's resistance levels, they must pull significant upside volume and breadth on the NYSE. Anything less is an attack with light infantry. 4/3/08
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Good economic reports, lower crude prices, a stronger U.S. dollar and successful financing by LEH created the Street's eighth-biggest day ever. 4/2/08
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As we enter Q2, little has changed: The bear market remains but opportunities still exist for traders in select areas. 4/1/08
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As we enter Q2, little has changed: The bear market remains but opportunities still exist for traders in select areas. 4/1/08
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It appears that we are headed for a serious test of the SPX lows at 1,270. Stand aside until the market either breaks support or reverses. 3/31/08
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There is absolutely no technical evidence of any kind to support the notion that the U.S. stock market has made its final low. 3/28/08
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Predictions of bottoms based on wishful thinking and questionable analysis leads to just one thing -- losses, and lots of them. 3/27/08
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The negative flow started with MER downgrading several bank stocks, including PNC, COF, STI and BAC. 3/26/08
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Despite a rally for the financial sector and the XLF, we're not out of the woods yet. Don't jump the gun and take the chance of a misfire. 3/25/08
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A sharp downturn in commodities futures contributed to much of the gain in equities last week, as the XLE gained a mere11 cents and the XAU fell $6.15. 3/24/08
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Commodities sold off yesterday, with crude oil suffering its worst loss since 1991, spurring the XLE to crack its 200-day moving average. 3/20/08
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Solid earnings from GS and LEH, plus a 3/4-point interest rate cut, sent the major indices soaring Tuesday. 3/19/08
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With immediate pressure seemingly off, we may see a sharp reaction rally but with no change in the major trend. Today watch for the bouncing bear. 3/18/08
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The Bank of England's 'fine tuning' operation sent world markets sharply lower; domestic markets will likely follow. The big question now is, 'What's next?' 3/17/08
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Technical signals call for a small rally near the 50-day moving average, but we're still in a bear market. 3/14/08
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Could Tuesday's high-volume 400-point advance be mostly the result of shorts unwinding their bearish bets? 3/13/08
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Serious resistance resides above key barriers, so the rally appears to be the beginning of a classic reaction bounce in a bear market. 3/12/08
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With the probability of a reaction rally high, it might be prudent to cover shorts now rather than wait for a reversal. 3/11/08
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There are strong indications that we have yet to see the ultimate lows of this bear market. 3/10/08
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The market's overall chart picture shows several breakdowns, but what's important is that new closing lows were established.
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Think like a bear -- avoid the trap of trying to catch the bottom of a falling market. 3/6/08
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Any rally should be viewed as a selling/shorting opportunity for sectors in strong uptrends, like the ones I list today. 3/5/08
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The Nasdaq's breakdown and dramatic shift to negative momentum clearly indicate the next break in the markets will be down. 3/4/08
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The bear is in charge and he will tell you the next near-term path that he will take. 3/3/08
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In a bear market, only purchase equities that will benefit from the current economic situation, like the ones I list below. 2/29/08
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Sentiment may be improving, but it's likely that the market will again try to test the lows. 2/28/08
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Many will no doubt go on margin to take advantage of the 'new bull market.' 2/27/08
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Our focus is now on the S&P 500 and the Nasdaq, which will tell us the market's near-term direction. 2/26/08
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Momentum is still in favor of the bears and the internal indicators are neutral. 2/25/08
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With prices swinging wildly, stay only in sectors and stocks with positive charts and keep your defense on the field.
2/22/08
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Yesterday was a complete flip, as prices rallied during the last hour with stocks closing just off their highs for the day. 2/21/08
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Going long the financials may be committing portfolio suicide. 2/20/08
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Going long the financials may be committing portfolio suicide. 2/19/08
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Bear markets are notorious for sharp rallies that result from short-covering. 2/15/08
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Bear markets are notorious for sharp rallies that result from short-covering. 2/14/08
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You can make money in a bear market if you think like a bear. 2/13/08
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Michael Shulman
What is a Short Stock or Option Position?
Did you know there are several ways you can go short? Well, if you didn't you're not alone. I'll help you count the ways to go short.
Do you think a stock is about to go up? You can buy call options or sell put options, as both indicate that you're making a bullish bet. But how you get from Point A to B is quite different.
Live Well, Thanks to Dying Companies
If you don't want to buy a company's products or services, you shouldn't buy its stocks.
What to Know When Making a Short Trade
Do you know what the trading issues are when shorting a stock? Don't get blindsided with shorting.
Going long, buying puts, selling shorts -- all of these can be confusing at first. But there's hope!

