Month: March 2008

is the stock on WALLSTRIP today. I got the wrong info and did analysis of Clarcor Inc (CLC)

tested the important level of 26.20 and has held so far which adds further significance to the 26-26.20 area. The biggest reason for concern (besides the longer term downtrend) is the low volume of the rally from support. Only price pays, so it does not make sense to fight the trend, but failure to make … Read More

The markets continue to hold the gains with the SPY above the declining 50DMA for the second day. Volume is light once again, but that is not a reason to sell, only price pays.

This is a question from a reader, I usually do not post these but thought it might be helpful to other readers. Brian, for instance with daytrading in mind:– resistance is at 135– sold short at 135where to put stop on short SPY in this case, because it often happens, as it did yesterday, I … Read More

today, although the volume seems to be running a little low for now. The SPY and QQQQ have made it above key intermediate term levels of prior resistance (134.50 and 43.50 respectively). The rally has brought these markets back above their declining 50 day moving averages and the direction of the key averages suggests that … Read More

is the stock on WALLSTRIP today. Analogic Corp (ALOG) 3/24/08 from brian shannon on Vimeo.