Month: June 2009

Quote Corner

If the models are telling you to sell, sell, sell, but only buyers are out there, don’t be a jerk. Buy! – William Silber, Ph.D. (N.Y.U., Newsweek, 1986)

S&P 500 Bullidex ($ES_F $SPY $SPX)

Volatility continues to increase relative to the number of rising stocks, indicated by the 17.69% fall in the S&P500 Bullidex. This trend is not conducive to lucrative investment as the probability of buying a good stock and not getting shaken out diminishes. Though there will certainly be up days, the odds favor further deterioration. Staying…

Twitter Ticker ($MEDX)

Medarex is causing a stir on StockTwits due to a new prostate cancer treatment called Ipilimumab. MEDX has had a solid run since forming a double top breakout buy signal on April 22nd, but it has stopped at a level that served as support in June 2006. With the overall market continuing to show weakness,…

NYSE Summation Index

Despite Friday’s positive close in the S&P 500, the NYSE Summation Index continues to fall from levels not seen since 2004. Until this chart reverses and begins making X’s, the S&P 500 remains a dangerous place for investment. As market breadth continues to weaken, the probability of a successful purchase decreases as fewer stocks are…

Neda “The Voice”

This video is more viral than HIV, and if Iran doesn’t cool down quick, it’s gonna be footage for the history reels. Neda is receiving martyr status, and this graphic clip may catalyze popular opinion. [vodpod id=Groupvideo.2775290&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] more about “They killed Neda, but not her voice.“, posted with vodpod

Twitter Ticker ($ETFC)

StockTwits chatter is tracking E-Trade as it continues the long descent to zero, hitting the lower trend line to form a triple bottom breakdown. Trading below a declining 20sma in a notoriously weak sector with more losses on the horizon, ETFC looks poised for bankruptcy, collapse, panic, all that good stuff. If ETFC can trade…

Twitter Ticker ($RIMM)

StockTwits chatter remains focused on Research in Motion, which fell 4.92% to close at 72.78. A break below 70.87 may encourage more selling, but trading above the upper Bolllinger in a rising trend calls for buying the dip. After doubling since March, more consolidation may be necessary, but if the broad market doesn’t weaken, RIMM…

Quote Corner

The first human who hurled an insult instead of a stone was the founder of civilization. – Sigmund Freud (Austrian neurologist, psychiatrist, “father of psychoanalysis,” 1856-1939)

Twitter Ticker ($PCX)

Props to @gamfreek1989 for nailing the Patriot Coal short at $8.5o on Tuesday morning. Patriot Coal has found resistance above $10, and is now searching for buyers. After breaking the long downtrend, PCX’s reversal ends a rally that sent shares soaring 300%. Until some new X’s are formed, PCX looks like a sell, though I…

Tic Tac Orchestra

Gonzo advertising gets better and better. [vodpod id=Groupvideo.2751659&w=425&h=350&fv=] more about “Tic Tac Orchestra“, posted with vodpod