NY Times on the iPad
The iPad is going to be a superior device for consuming professional news media that has moved to the web. The iPad will exceed where the Kindle fails, and that is full, rich multimedia and seamless access to ALL the resources of the Internet. The iPad will enable innovative payment strategies, like pay as you go, subscriptions, micro payments, etc. The key for the iPad’s future success will be user experience, capability and price. But this is not what will save the major news media that are moving their content to the web.
If you think that major newspapers are crumbling because of the Internet, that people are abandoning their paper rags because of free content on the web, well you are partly right and mostly wrong. People are choosing to consume their news over the Internet because they can exercise choice, they have unbridled and instant access to a multitude of diverse opinion, they are unshackled from the myopic view of a single news source.
It’s similar to why major news networks, and most cable news networks are losing huge market share to Fox News. Fox presents an alternative viewpoint that others refuse to embrace. There’s no doubt that Fox News sits to the right of the political center, but they stand alone with that viewpoint. All other major news outlets are lock-step with left of center reporting, and therefore the field of competitors is large and therefore viewership is diluted.
If news organization could see past their political bias and deliver outstanding content that was completely objective, AND deliver content that was clearly labeled as biased, either left or right of center, then consumers might be more open to pay for that objectivity. Of course, I don’t see that ever happening in any of the existing news organizations.
This presents a huge opportunity for some independent organization to create a news aggregator portal. They would make deals with a wide variety of news organizations and present all the content through this portal, with the understanding that content will be graded by an independent rating group, and perhaps by the public too. This rating would be calculated based on the news organization’s historical bias score, as well as the individual reporter’s bias.
The consumer subscribes to the portal and selects from which source they want to read, perhaps they similar stories are grouped together, each from different news organizations, each with their bias rating. The consumer would select from which source they prefer and portion of their subscription is directed to the originating source(s). Perhaps there’s a feature in the portal that would allow a consumer to select multiple sources for the same topic or story which allows the reader to compare and contrast. There would be premium content as well, also clearly labeled, and that might have an on-demand pricing model.
I don’t believe there’s currently an app for that.
by admin on February 26, 2010
On Thursday the markets gapped down, and pretty significantly I might add. With such a large gap down one would have to expect a gap and run, in other words to keep moving down. Well that’s the way things started, but at some point the Bulls came back to their trade stations and decided to buy up those lower prices. In fact they were so jubilant they decided to just keep on buying and buying until the gap down was all but erased. Apple went the extra mile and actually went green. I love green apples! Yesterday was nothing short of a great day for the Bull in us, finishing at 202.00 up +1.34 (0.67%).
Hollow Candle Stemming Downtrend is Bullish
A hollow red candlestick forms when you get a gap down, or an opening price that is well below the closing price from the previous day, then price goes up, passing the opening price, but doesn’t advance beyond the previous day closing price. Normally a closing price that is higher than the opening price is a simple white candle, but this is a little different based on where the trading started.
Now hollow red candles in of themselves are not a bullish pattern. They must be with respect to the previous trend. So if a hollow red candle gets printed after a sideways or upwardly trending market, there’s not much to say in terms of it being bullish or bearish, in fact it’s just neutral. But when it happens off of a downtrend, then it’s considered bullish. And that’s exactly what we have here.
Although Apple’s gain of 0.67% doesn’t seem like much, put in the context that it happened in the face of a big gap down makes it VERY bullish indeed. And that was the case for tech in general. It would appear that the early morning Bear was not up to the task, and Technology led the way clear to a Bullish charge. In the Technical Analyst’s handbook hollow red candles and white candles, preceded by downtrends pegs the probability meter pretty high that we’ll be experiencing near-term higher prices. The fact that we’re still overbought on the daily charts says this is near-term only, so don’t get too giddy!
Base or Neckline established, near term overbought
After a sharp move up it’s normal for markets to consolidate as the oscillators in the near term, like the RSI and Stochastic, get extremely overbought. It’s desirable when this consolidation can unwind the oscillators without any serious price erosion. This is the type of action we’re experiencing in the major indexes, and we can expect to see more of it over the next couple of days. It is possible that we’ll see the 20 and 50 day moving averages revisited, but it is unlikely that those levels will be seriously tested. All the better and a sign of a healthy market positioning for its next advance.
[read more…]
Main lining the Stimulus
Very rarely do I make calls based on fundamentals, but this is one of those times. I’m calling for the market to advance for the next several months, possible through the Summer and into year end. So my prediction is that the indexes, the broader markets will advance appreciably through that period. So, what brings me to that conclusion? New and greater liquidity flowing into the markets in the form of Government Stimulus.
As you are probably aware, our government announced on Thursday that they are stepping up the stimulus injection into the economy, from $27 billion per month to $32 billion per month. The original stimulus was largely responsible for our huge jump in last quarter GDP. I expect the ramp up, and the repurposing of the continued stimulus program to bolster the next two quarters of growth. Along with this, I also expect inflation to rise dramatically. I liken this to a drug addict that’s is main lining to the point where high is normal, at least until the drug is no longer available.
[read more…]
The archived videos of the Live Stream morning and afternoon broadcasts. This past week was important as the market seems to have turned the corner so to speak, where momentum has shifted so that there is a high probability we are in nothing more than a correction and not a trend reversal of the spectacular Bull run that started off the hellish lows of 2009.
[read more…]
Trader with No Philosophy
To be a successful trader you must have an underlying philosophy. This philosophy is different from your particular style of trading, and it transcends your pursuit of knowledge, the money management techniques you employ, or the psychology you use to control your emotions.
Your philosophy guides you in every aspect of your pursuit of trading excellence. In fact, your trading philosophy may at times seem unattached to your practice, as you may find practical application outside of trading. That’s because trading stocks is not unlike things we do in real life. Your philosophy will help control your emotions, give you the direction and motivation to develop your skills, expand your knowledge, and allow you to make consistent profits.
[read more…]
Join the forum discussion on this post
