To be wealthy in life, you gotta recognize iced dice. Today’s odds are dangerous, don’t catch a falling knife. This is a composite of two derivatives, the Record High Percent (SPXHILO) and Volatility (VIX) Indexes. Together, they describe a market probability, the percentage of stocks at new highs/volatility (SPXHILO:VIX). Making money is easier when stocks…
Here is the Bloomberg scoop on Apple (AAPL), today’s top ticker on StockTwits. AAPL is retesting support for a third time, trapped by resistance around 98. According to Bloomberg, a JP Morgan analyst named “Moskowitz, who has an “overweight” rating on Apple’s shares, cut his price target to $100 from $102… [because the] next few…
A potential outcome from the nationalization of Citi. [vodpod id=Groupvideo.2180195&w=425&h=350&fv=key%3Dc130f64d6f] more about "The New F***ing Citibank", posted with vodpod
We go to the movies to be entertained, not see rape, ransacking, pillage and looting. We can get all that in the stock market. – Kennedy Gammage (The Richland Report) If you’re long equities, you’re getting raped in the face. I suggest heading to the movies for “Watchmen” and avoid thinking about your mismanaged life….
The S&P 500 took a beating today, and there is no sign of an end to the selling. Volatility continues to increase amidst a declining number of rising stocks. Priced in 10Y T-Bills, the SPX is making a waterfall with no noticeable support to stop it. There is no reason to call a bottom in…
The falling giant Citigroup (C) filled the Twitterspace on StockTwits. Cheap stocks tend to get cheaper as participant psychology creates a negative bias and forms strong overhead resistance. C trading below a dollar is neither shocking nor tragic. Privately, I’ve been ranting about these Ponzi fuckers for a year, but I finally made a post…
I buy books from Amazon (AMZN) and a subscribe to Netflix (NFLX). That is fundamental strength. These charts are moving up and continue to trade above key levels. That is technical strength. Long AMZN and NFLX while short the Retail HOLDRs ETF (RTH) is a solid trade, but risk managment is crucial to success.
[vodpod id=Groupvideo.2176200&w=425&h=350&fv=autoPlay%3Dfalse] more about "Daily Show: CNBC Gives "Advice"", posted with vodpod
“News on stocks is not important. How the stock reacts to it is important.” – Michael L. Burke (Investors Intelligence) Trading news is a good way to get eaten by the sharks that tip journalists. Although fundamental news is valuable, it lags the market by many months. It serves to explain market behavior in hindsight,…
Price is the only thing that pays, but it’s not the only thing to watch. Although the NASDAQ was up more than 2.5% today, 3 of my indicators remain bearish. Chart 1: QQQQ (NASDAQ 100 ETF) is falling with volume not seen since Lehman’s went bust, yet it remains above the November lows. This feels…