The S&P 500 Bullidex formed a new high as it rose 4.05% to close at 308, indicating an increase in the number of rising stocks relative to volatility. Although the S&P 500 has yet to trade above the September 2008 level, the Bullidex shows internal strength comparable to May 2008. With volatility making lows and…
Research In Motion is getting attention on StockTwits as many technicians are seeing breakouts. On June 19th RIMM was trading at 72.78 when I posted this, “a break below 70.87 may encourage more selling, but trading above the upper Bolllinger in a rising trend calls for buying the dip.” Looks like things have played out…
I posted a tweet about Whole Foods awhile ago, suggesting it was a strong candidate for technical reasons with a solid brand name to boot. @NoDoji agreed, and today that cat tweeted a call to load up on WFMI before earnings. Much of WFMI stock has been sold short, so Tuesday’s earnings report may precipitate…
The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you do is who you become. -Heraclitus (Greek philosopher, 535-475 BC)
Bank of America is the hottest ticker on StockTwits as the SEC charges the bank with fraud, only to negotiate a $33 million settlement MINUTES later. This may be the fastest resolution to financial impropriety I’ve ever seen, and it makes me wonder: how can I get paid $33 million to ignore $5.8 billion in…
[vodpod id=Groupvideo.3098694&w=425&h=350&fv=] more about “Best Safari Ever (If You’re Into Monk…“, posted with vodpod
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First Solar is lighting up StockTwits as the alternative energy giant’s earnings report creates an after hours roller coaster. For a great play by play, catch the breakdown at SMB Capital to see how the trade looked after numbers were announced. Despite the reversal down after the close, FSLR remains in an uptrend above a…
To succeed in the markets, it is essential to make your own decisions. Numerous traders cited listening to others as their worst blunder. – Jack D. Schwager (Investment manager, author, Stock Market Wizards: Interviews with America’s Top Stock Traders, b. 1948)