Tuesday, October 4, 2011

Reviewing the Calls of Market Technicians

Louise Yamada, Technical Research Advisors, 9/20:  Ms. Yamada  was negative on stocks, but bullish on gold and silver.

Katie Stockton, MKM Partners, 8/16:  After bouncing off early August lows, S&P would hit ceiling at about 1220.  She recommended selling into rallies.  A good call.

Carter Werth, Oppenheimer, 9/2:  Market should hold above its early August low of 1100.  As of this moment, this call is being put to a severe test.

Eugene Peroni, Advisors Asset Management:  On 9/15 on CNBC, Peroni felt that the market was at a "pivotal moment" with the potential to move higher.  He particularly liked metals and materials, especially oil - ouch.  Back on CNBC on 9/29, Peroni looked for a break below the August lows, but he was constructive beyond that based on continued low interest rates and corporate earnings.

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