A “buy signal” occurs when there is demand for a stock. You know from Economics 101, anything in demand will see its’ price rise. The “Bullish Percent” is a way to count all of the buy signals. That tells us the *percentage* of stocks that are currently on buy signals. This is really important, because [...]
Re-writing History on Wall Street
April 3, 2007 by
No wonder many people have lousy opinions of Wall Street folks. Read on: Written in Barron’s March 5, 2007 issue, Bill Alpert noted that nearly 20% of “Analyst Recommendations” over a ten year period from 1993-2002 were changed — after the fact. Twenty Percent! As a result of the changes, the recommendations seemed to be [...]
Relative Strength : Citi Bank Under $10 per share?
We’ve been saying for months to avoid real estate, financial, insurance, banking, and brokers. This past week, all of these sectors were taken behind the woodshed and slapped silly again. See, when you add up all of these sectors, we’re talking about a group that represents almost 1/3 of the S&P 500. So, of course [...]