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Luciano Pavarotti (1935-2007)
As the financial markets swirl on -- all journey and no destination -- the loss of Luciano Pavarotti is an event of generational significance. 100 years ago, the world was taken by storm by Enrico...
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Farewell, Luciano
It's been over 8 months since I've written a financial post, and I've missed it more than you can imagine. Rest assured, I've stayed fully involved in the market during the entire period, but an epic...
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Resistance
The market made it back to critical resistance on Thursday. Both the Dow and NASDAQ have punched through their downtrend lines, but the SPX is parked right on the line. Friday's jobs number is the...
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Top Ten Myths About The dk Report Hiatus
Over the past eight months, I received a lot of comments, messages and e-mails about taking a break from blogging The dk Report. Most were kind and thoughtful, and thanks to each of you for taking the...
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Rotation Ahead
On the heels of a strong up week for stocks, the market cooled its jets on lower trade Friday. This is ideal market action after a surge, and suggests that soon enough, more gains lay ahead. Adding to...
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Yin and Yang
On a day that Yang and Ballmer (not pictured) are unlikely to forget anytime soon, stocks pulled back on quiet trade yet again. Except for YHOO, institutional investors showed little interest in...
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The Highs & Lows of Cinco de Mayo
Perhaps it was the tequila, but on Monday, May 5 -- Cinco de Mayo -- there was an interesting series of three posts on the use of the SPX High-Low Index to help time the market. I use this indicator as...
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Oops
After a steady string of gains, stocks took a plop on Wednesday.In mid-January, 5-year trend lines were broken signaling the start of a new bear market. Until this long-term damage is repaired, rallies...
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Calm
After climbing for 6 of the past 7 weeks, the NASDAQ took a breather this week, printing an inside candle on flat trade. Given record oil prices and broad economic weakness, this is surprisingly...
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Time for a Pullback?
There's almost uniform agreement among technicians this weekend that, even though the market has grown more bullish, stocks are due for a correction. Many investors looked to OEX this past week for the...
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The Herd
Since the entire herd was expecting this pullback, it should come as no surprise that the downside move has been so stingy.As The Worst-Is-Over Rally gives way to the Told-You-So Correction, it's...
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Sellers Arrive
On Wednesday, the bears filled up the tank with $123 oil and took a long-awaited joyride.After a slow start, the budding correction has finally tightened its grip. While the NASDAQ printed only its...
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New Lease on Life
There's nothing quite as bullish as a market that keeps going up -- except for one that keeps going up against an onslaught of terrible economic news. Just 14 sessions after starting a correction, the...
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Correction Looks to Extend
The current correction has tightened its grip on equities once more, and further near-term downside appears likely. Season risk to taste. It's worth noting that -- for all the gloomy commentary --...
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Time Machine
Stocks printed a forest of needle bottoms on Monday, as news spread that the new 3G iPhone is so awesome that it allows users to travel back in time and buy gas at cheap prices.Even if Jobs is a liar,...
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Darkening Skies
The dk Report Charts have been updated, and near-term market conditions have worsened. Keep an eye on The 5-10-20 Timer and the TOF Ratio (charts 4 and 5) for a change in the intermediate signal.Good...
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Swamped
I'm a little busy right now or I'd write more, but the The dk Report Charts have been updated.Good luck trading.bestdk
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Green Light
For the first time since early June, the market is giving an Intermediate Buy signal. Not only did the NASDAQ poke above its 50-day EMA on decent volume, three of four timing indicators are flashing...
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Long-term Potential
Because of an epic workload, this is my first post since August 5, 2008. Watching eight months of historic market action often from a hotel room 16 time zones away has been an unforgettable experience....
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Sell in May?
Is May really a good time to sell?I looked at the past twenty-nine May trading periods on the NASDAQ -- from May 1980 to May 2008. Surprisingly, the NASDAQ closed higher during the month of May a very...
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Sell in May? A Follow-up
At the beginning of May, I wrote a post questioning the validity of the old trader's axiom of Sell in May. Although it's a widely-held truism, the previous 29 years of market action in May reveal the...
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Amazon.com One-Star Reviews - Part 1: Books
This is the first installment in a three-part series on One-Star Customer Reviews at Amazon.com.On Aug 15, 2009, culture writer Johnny Dee at The Guardian wrote a funny and provocative piece on...
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Amazon.com One-Star Reviews - Part 2: Music
This is the second installment in a three-part series on One-Star Customer Reviews at Amazon.com (hat tip Johnny Dee).Below are excerpts from dozens of Amazon.com Customer Reviews of noteworthy rock...
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Amazon.com One-Star Reviews - Part 3: Movies
This is the third installment in a three-part series on One-Star Customer Reviews at Amazon.com (hat tip Johnny Dee).Below are excerpts from dozens of Amazon.com Customer Reviews of noteworthy films....
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Amazon.com One-Star Customer Reviews: The Beatles Remastered
Below are excerpts from dozens of actual Amazon Customer Reviews of the recently remastered Beatles CD's. In each, dissatisfied customers ascribe a lowly One Star to music widely regarded as deserving...
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