Despite today’s reversal and positive close in the S&P 500, the Bullidex fell 10% to close at 184. This divergence suggests a weakening uptrend and signals downside risk as volatility increases relative to the number of rising stocks. The month of June was a whipsaw cluster-fuck for my indicator, but that comes with the territory….
Goldman Sachs is hot on StockTwits as rumors swirl around the Beast. Oil price spikes, NYSE reporting irregularities and stolen computer trading codes aside, GS has the usual conflict of interests and conspiratorial malarkey to banter about. Nevertheless, the stock has been ripping since March, and remains in an uptrend above the upper Bollinger with…
If you don’t know who you are, the stock market is an expensive place to find out. -George Goodman (Institutional Investor, New York, “Adam Smith,” The Money Game, b. 1930)
Lincoln Education Services has appeared on my favorite screen in the past week, and I noticed a video via @IBDInvestors on StockTwits, so I figured I’d throw in my two cents. Clearly education companies do well when people are scared and unemployed, so Wall Street has high expectations for the stock. With a float +20%…
American International Group was a screaming short according to StockTwits traders like @smbcapital. Shares of AIG fell 22% after a 1-20 reverse stock split, and the chart has formed a double bottom breakdown, a distinctly bearish signal. Things look grim for the beleaguered insurer, despite the claims of CEO Ed Liddy who said AIG has…