Author Archive

• Range Bound
  Portfolio Tilt, Drew Birenbaum | January 21st, 2010 at 7:02 am

  

  Equities declined on Wednesday led mostly by technology stocks. On a positive note, prices closed well off of their lows as buyers stepped in to defend key short-term support towards the end of the session.

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• NASDAQ Picks up Distribution Day
  Portfolio Tilt, Drew Birenbaum | January 8th, 2010 at 7:35 am

  

  Although the Dow and S&P 500 rose about .3% during Thursday's session, technology stocks waged an uphill battle for most of the day as the NASDAQ slipped .05% on heavier volume.

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• Quiet Trading on Wednesday as Equities Close Flat
  Portfolio Tilt, Drew Birenbaum | January 7th, 2010 at 1:44 am

  

  Most major equity indices avoided a distribution day as volume declined over the levels seen during Tuesday's session. Overall, this is very positive because when prices are unable to stage an advance, and volume increases, this is often an early sign of distribution.

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• More Sideways Action
  Portfolio Tilt, Drew Birenbaum | December 31st, 2009 at 7:42 am

  

  Equity index prices are virtually unchanged for the last three sessions, with the NASDAQ currently holding onto gains of about .25% for the week right now.

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• Charts
  Portfolio Tilt, Drew Birenbaum | December 30th, 2009 at 7:31 am

  

  Prices closed the day virtually flat on Tuesday as a late day slide ultimately erased all of the gains accumulated earlier in the session.

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• Even With Late Day Surge, Signs of Indecision
  Portfolio Tilt, Drew Birenbaum | December 29th, 2009 at 7:50 am

  

  lthough the strong price surge on the indices in the final minutes of trading was positive, the S&P 500 and NASDAQ printed Doji (indecision) candles as prices finished the session very close to where they opened.

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• Recap of Wednesdays Action, Short Session on Thursday
  Portfolio Tilt, Drew Birenbaum | December 24th, 2009 at 7:16 am

  

  Overall action was fairly quiet on Wednesday, and it looks like most institutional investors have already packed their bags for the holidays. The Dow was virtually unchanged for the session, the NASDAQ however, out shined most other indices as prices rose .75% on low volume.

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• Analysis of Tuesdays Session, VIX Breaks Down
  Portfolio Tilt, Drew Birenbaum | December 23rd, 2009 at 7:33 am

  

  As I discussed in the prior update, traders were looking for a breakdown in the VIX to help confirm the new intermediate highs on some of the key market indices. During Tuesday's session, the VIX closed below 20 for the first time since late August 2008.

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• NASDAQ Gains 26 Points on Monday
  Portfolio Tilt, Drew Birenbaum | December 22nd, 2009 at 7:37 am

  

  The Technology sector continues to shine as the NASDAQ charged higher on Monday, rising 1.1% on below average volume. The Index confirmed a new 52-week closing high, however the S&P 500 is still trading within the intermediate range, and is a stone throw away from hitting new highs.

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• This Is Why We Dont Chase Stocks
  Portfolio Tilt, Drew Birenbaum | December 19th, 2009 at 12:02 pm

  

  On December 3, we said: We've been saying it time and time again in this space and that is, we sell trend channel resistance and buy trend channel support.

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• Weakness Continues, Dow Loses 133
  Portfolio Tilt, Drew Birenbaum | December 18th, 2009 at 8:08 am

  

  Equities declined on Thursday as stocks slid into the close on relatively low volume. Don't forget Quadruple Witching tomorrow, we have the simultaneous expiration of stock index options, stock index futures, stock options, and single stock futures.

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• Equities Flat After FOMC
  Portfolio Tilt, Drew Birenbaum | December 17th, 2009 at 7:30 am

  

  Equities closed unchanged for the most part on Wednesday as early session gains slid away into the close, the FOMC announcement appeared to have minimal effect on prices. The Dow Jones Industrial Average closed in negative territory and lost 11 points on the session, the S&P 500 rose one point.

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• Analysis of Tuesdays Session, Waiting for FOMC Announcement
  Portfolio Tilt, Drew Birenbaum | December 16th, 2009 at 7:06 am

  

  Tuesday's session was a big win for the bears. Most equity indices picked up a high volume distribution day, and the NASDAQ printed a bearish one-day reversal bar. On Wednesday, investors will be eagerly awaiting the outcome from the two day FOMC meeting, results are expected around 2:15 PM.

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• New Closing Highs as Volume Expands
  Portfolio Tilt, Drew Birenbaum | December 15th, 2009 at 7:20 am

  

  The S&P and NASDAQ confirmed new 52-week daily closing highs as volume spiked higher. The Dow Jones Industrial Average reached a significant milestone, closing above 10,500 during Monday's session.

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• Key Levels for the Upcoming FOMC Week
  Portfolio Tilt, Drew Birenbaum | December 14th, 2009 at 7:30 am

  

  Investors will be focusing on the FOMC meeting announcement this Wednesday as they look for a catalyst to spark a breakout from the recent intermediate trading ranges. This week is filled with a number of key economic reports, ultimately culminating with Friday's quadruple witching session.

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