Weekend Update

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FocalEquity

– October 17, 2009Posted in: Intraday Commentary

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If any of you have any charts you would like to share over the weekend, or any thoughts and questions, please write a comment!

About FocalEquity

Sun Tze is one of the founders of FocalEquity.com. After going through multiple transitions, Tze, Charlie Cheng and their new team are bringing new changes and features to the new FocalEquity.com in 2011. Tze is specialized in financial modeling and has a masters degree in Finance.

8 Comments

1. Fritz

   Posted October 17, 2009 at 3:42 PM

   I think this is it – this is what I needed to see to confirm the upcoming decline date I picked out late last year.

   http://online.wsj.com/article/SB125570373292090093.html

   I am shorting Nasdaq on Monday.

   I will decide whether to go on margin Monday afternoon.

   • oct

     Posted October 17, 2009 at 5:31 PM

     Excelent scenario to take down the mkt and it’s not Obama’s ( Fed’s fault) , but of those unregulated WallStreeters.

2. Mark Mansfield

   Posted October 17, 2009 at 4:50 PM

   I met these Galleon guys in NYC before, visited their firm. I didn’t meet Raj, but one of my friends did and said he was kinda an arrogant jerk. I met one of the other co-founders who was a nice older guy, and then one of the younger “analyst/traders.” Younger guy was ex-Goldman. He was an arrogant little tool.

   • JON

     Posted October 18, 2009 at 4:09 PM

     There were charged for a 20M porfit due to insider trading..just 20M!!! pocket change for these Hedgies.

     Big boys will always know the story before anyone else. that is how the game is played and for us little investors its better to go with the flow and make a few
     $s here and there.

3. Jess

   Posted October 17, 2009 at 5:16 PM

   It looks like, from the vantage of the McClellan summation index, that the last drive up was nothing more than a distribution to those late believers and bull traders. Yes, going down.

   http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=3&dy=0&i=p32546321726&a=181107814&r=452

4. Jess

   Posted October 17, 2009 at 5:16 PM

   Third chart on this page:
   http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808

5. Fritz

   Posted October 17, 2009 at 6:19 PM

   History’s parallels:

   -Monday 19 October 2009 marks the 22nd anniversary of Crash of ’87 (Monday 19 October 1987)
   -Nasdaq sold off 5 calendar days after posting its historical high on news that more than dozens of companies were involved in illegal insider trading (March 10 2000 to March 15 2000); Nasdaq put in the current rally high on October 14 2009 (5 calendar days puts it at October 19)
   -Same industry involved
   -March 15 2000, the DOW traded around 10000; October 16 2009 the DOW traded around 10000
   -September 11 2001, the US market was closed and the DOW froze at 9605.51 until September 17 2001; on September 11 2009 the DOW closed at 9605.41

   The insider trading news could overshadow earnings from Apple, and should serve as a perfect stock market debasement excuse. INTC, IBM, GOOG, AMD, JAVA… interesting mix. Don’t you just love articles that come out of WSJ on weekends?

6. Sam

   Posted October 17, 2009 at 10:13 PM

   I am not an expert in technical analysis, but I think now there are a lot money flowing into oil and energy these days. There are some big money out there in oil and they would not give up on inflating the price very easily. Big money ususally invest in a long term and if this market was supposed to drop or crash as most people are saying, then those big boys would not have invested heavily in something like oil. Last week I just trade ERX, it is very strong and even on Friday when market was crashing down in the morning ERX was down just 2.5%. I would say this market start a correction when I see ERX is dropping 6~8% which I do not see to happen any time soon.

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