Disappointing day for bulls today as what looked like would be a soaring open when futures opened Sunday night on news that Spain was seeking a bailout, quickly vanished as the US market open came about. I think for the most part, that this market has grown tired after registering its best week of the
I don’t typically dive into the fundamentals when deciding whether to take a trade, and rarely do I post this kind of stuff on SharePlanner. But nonetheless, I felt like it was necessary today, considering we are just a half hour away from its IPO launch and there is more hype behind this stock than
We’re heading into the close and the market is playing with the notion of closing below 1340. If we close below that I’ll be a little bit more comfortable about adding more of the short setups listed below. I’ve already added Sigma -Aldrich (SIAL) at $70.27. I was actually thinking the market might take a
I’m a bit mixed on this market. On one hand, I’m not finding a lot of short setups that aren’t already well over-extended, and too risky to be jumping in at this point, however, there’s enough resistance overhead on the S&P, where I’m skeptical of it rallying much and lifting some of these shorts off
I went long today in Google (GOOG) despite the overall market being heavily bearish. The reasons were simple – the market gapped down significantly and usually after the first hour or so of trading there is a period of extended sideways trading to a possible bounce in the afternoon. Secondly, Google was testing the
Google (GOOG) was downgraded this morning after an analyst at Stifel Nicolaus lowered their revenue and earnings estimates. While I don’t consider the news to be important at all (any upgrade/downgrade is done for self-serving purposes, and never to actually warn us of anything), I am enamored by the price action where this stock
If you’re to ask me, I think Google (GOOG) has done a remarkable job of holding its value this year. I know there have been some fairly rough patches where it declined in excess of 20% on multiple occasions, but as it stands right now, GOOG is close to breaking out to multi-year highs.
Google (GOOG) has made some big news of late with its acquisition of Motorola Mobility (MMI) which I think overpaid for this company, and took a hit to its stock price as a result. But GOOG has probably one of the most interesting charts out there, with a clear support/resistance level shown right through the middle
Current Long Positions (stop-losses in parentheses): SPY August 136 Calls, DBLE (9.99), HDY (4.10), BGCP (7.93), SCLN (6.09), TSYS (5.08), ABAT (0.94) Current Short Positions (stop-losses in parentheses): None