Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): GLD (133.67) BIAS: 100% Cash Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Housing Starts (8:30am), Producer Price Index (8:30am), Industrial Production (9:15am), EIA Petroleum Status Report (10:30am), FOMC Minutes (2pm) My Observations and [...]
I’m pretty sure the bears will chalk up today’s market session as a victory, even with that lame ramp job in the last five minutes of trading. The one thing that the bears did manage to do as stated in my previous post, was to close below the intraday trendline [...]
I’ve got to hand it to these bulls, it is probably going to take a major event in these markets, to get them to not see every one point move down in the S&P as some glorified buying opportunity. Right now the S&P is down a rare 5 points at [...]
I jumped in this morning on URRE for a day-trade after it broke the neckline of the inverse head and shoulders pattern, and broke the downtrend that is currently in place. My stop-loss is at $3.24. Here is my chart analysis on URRE. […]
Current Long Positions (stop-losses in parentheses): QID (9.99) Current Short Positions (stop-losses in parentheses): LSI (6.53), GLD (133.67) BIAS: 7% Short Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Retail Sales (8:30am), Empire State Manufacturing Survey (8:30am), Import and Export Prices (8:30am), Redbook (8:55am), Treasury International Capital [...]
By far one of my best screens in determining who is buying what on the street! What you will find are those stocks that, among other variables that I use, 1) Gaining an increased amount of coverage by brokerage firms and analysts, and 2) Being upgraded on a regular basis. This [...]
So far this morning the bulls are trying to keep its “Good-Thing” going by adding on to Friday’s gains. We’ve seen a little bit of selling here and there, but so far it has been mere glimpses and nothing worth noting. I’ve provided below three stocks that I believe merit [...]
Current Long Positions (stop-losses in parentheses): QID (9.99), TWM (11.39) Current Short Positions (stop-losses in parentheses): LSI (6.53), GLD (133.67) BIAS: 21% Short (counts QID as a short) Economic Reports Due Out (Times are EST): None My Observations and What to Expect: Futures are flat heading into the open. Asian [...]
With two consecutive weeks of price rallying in the broader markets, the NYSE Indicator is showing a reversal in mid-stream, which does not occur all that often. In a little more than two years, we’ve seen four attempts by the market to reverse the course. Of those four times, three [...]
No surprise, the S&P and Nasdaq were down hard overnight, yet the market finds it in its power to snap right back at the open. At this point, we’ve seen it occur 1.2 million times since the March ’09 lows. Yet those of us who are bears, see the pattern, yet [...]
Current Long Positions (stop-losses in parentheses): QID (9.99), TWM (11.39) Current Short Positions (stop-losses in parentheses): LSI (6.53), GLD (133.67) BIAS: 28% Short (counts QID & TWM as a short) Economic Reports Due Out (Times are EST): International Trade (8:30am), Consumer Sentiment (9:55am) My Observations and What to Expect: Futures [...]
You’ll find that the stocks below are sporting some pretty nice dividends, but don’t just dive into one of the stocks listed below without doing first the necessary due diligence required. With the recent market rally, a lot of dividends have been diluted due to price appreciation, so the best [...]
