Yahoo! is buzzing on StockTwits as the Internet information provider announces a deal with Microsoft. The Street seems unimpressed with the “news” as YHOO sells off 11%, breaching the primary uptrend with a secondary downtrend (new O column) Although it remains above a rising 20sma, it no longer enjoys the advantage of trading beyond an…
The USD has fallen over 10% since March, stirring up inflationistas and fueling the bull market. Since the beginning of May, the dollar has traded in a downtrend below a descending lower Bollinger band, forming a descending triple bottom on July 20th. While it seems unlikely that the Federal Reserve will raise interest rates due…
The four most expensive words in the English language, “This time it’s different.” – Sir John Templeton (Founder Templeton Funds, philanthropist, b. 1912)
Tell me and I’ll forget; show me and I may remember; involve me and I’ll understand. – Confucius (Chinese philosopher, 551-478 B.C.)
Microsoft chatter is up on StockTwits after the firm reported dismal numbers, sending shares down 7% after hours. Profits have dropped nearly 30% in the last year, suggesting that not all tech firms are created equal (see Intel). Despite the sell off after the bell, MSFT remains in an uptrend above a rising upper Bollinger,…
A successful man is one who can lay a firm foundation with the bricks that others throw at him. – Sidney Greenberg (Rabbi, author, 1918-2003)
The S&P 500 Bullidex rose 3.33% to close at 270, a new high for the year and a big positive sign for the overall market. Volatility continues to fall relative to the percentage of rising stocks, providing an increasingly advantageous environment for speculative investment. There are tons of stocks hitting new highs, many of which…
Amazon.com is causing a stir on StockTwits as the internet retailer announces a deal to buy Zappos.com for $807 million. The deal is a significant sign of recovery as M&A activities suggest increased risk taking and growth prospects. AMZN has formed a strong base over the last four months and looks primed for a breakout…
Genius, that power which dazzles mortal eyes, is often perseverance in disguise. – Henry Willard Austin (American writer, Perseverance Conquers All, 1858-1916)
Human Genome Sciences is the word on StockTwits and @stockguy22 is the prophet. HGSI closed up 276% from Friday’s close on news of a promising lupus treatment called Benlysta. The stock is technically strong and may continue to be profitable, but it is so extended from its base that it is hard to quantify a…