ETF Range Projections & A Quote to Start the Day

by: Bill Zimmer August 18, 2010 at 7:09 am

Confidence is contagious. So is lack of confidence.

- Vince Lombardi

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.  

For the most part overseas markets are listless this morning: Nikkei 225 +0.86%, Hang Seng -0.54%, Shanghai -0.21% DAX -0.30% and the FTSE 100 -0.73%

At about 7:05 AM ET, more in line with European trading the futures are indicating a slightly lower open: Dow -23, S&P -2, NAZ -8, Oil -$0.81 and Gold -$2.40









have a great day!

Conflicting Signals

by: Bill Zimmer August 17, 2010 at 10:10 am

Yesterday the major averages went nowhere on the lightest volume so far this year. Can you say summer doldrums? However we had nice gaps higher in Bonds and Gold indicating a flight to safety.  Click images to make full size.

Interestingly however when doing some screening of our database of Optionable stocks last evening I came across the following; quite a number of stocks showing a positive divergence with our accumulation model indicating they may want to go higher over the short term. Which kind of flies in the face of a flight to safety, does it not?

Of course as the old cliche’ goes; “It’s not a stock market. It is a market of stocks.

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