RIMM will take months to repair, and I have no love for their products. Google barely budged today, and as much as I love the company, the stock is shit. People who won the C game bailed early, but it might push to 7.60 before collapsing in half. Another terrible tech stock. Macs are lame,…
The market is showing signs of internal strength. There are more bullish stocks above the 50dma with generally lower volatility. Advancing volume is much heavier than declining volume. Judging by these indicators and recent price action, the tape is saying up, up and away. We are still in a long term bear market, but there…
With Friday’s big move in the shiny yellow stuff, a good deal of noise is being made about the future of the gold sector. Recent price action suggests that this is a rally in a bear market, and we’re approaching overhead resistance. Moreover, the recent rise was substantiated by weak volume, suggesting little conviction amongst…
General Motors is about as relevant as horse drawn carriages. AdSense sucks, and so does Google’s future revenue. I’ll keep the Gold, you take the Man Sachs. Citi is not only asleep, it is comatose, and probably dead.Leveraged destruction of the finance sector remains the best trade of the year.Equities suck, and though we may…
Not much has changed, even with Friday’s +6% close. Even fewer stocks breaking to new highs. Optimistically, a couple stocks are climbing above the 50dma. Gold showed good strength, and GDX was up 26%. But gold is approaching resistance, so stay cautious. The market is still terribly weak. Gold miners may offer some upside potential,…
Here is a long term look at how bad this market is for investors. Nothing is going up and the volatility is high. Banks are making a run to 0. The only potential silver lining is the catastrophic ratio between down/up volume, but I wouldn’t wanna try and call this capitulation ahead of time. All…
A theme from the first half of 2008 is reemerging, and it warrants notice.How far can the spread between DIG and UYG get?
Some unusual survivors of the recent lows. For the Salmon Investor (the ones who are always swimming up stream), the high volume accumulation makes this an interesting long term buy. Massive short position and recent low make this high risk, but there may be a worthy squeeze. Diminishing volume suggests a shorting opportunity for this…
A glance at TLT & JNK reveal the market is running to the “safety” of Treasuries. Be patriotic, short junk bonds, buy Treasury debt, and pay capital gains. As a incredibly paranoid and admittedly stoned lover of arcane conspiracies, I’m beginning to interpret the rise in Treasuries as an increase in the premium to hedge…
If this market wants to rally, it sure has a strange way of showing it. Nothing seems to be making any significant ground in the SPX. At best, there are an increasing amount of stocks above their 50dma. Maybe a little relative strength in the Utilities. In a bear market you make more money shorting…