Author: charlie

Quote Corner

I keep hearing “Should I buy? Should I buy?” When I start hearing “Should I sell?” that’s the bottom. – Nick Moore (Portfolio manager, Jurika & Voyles, TheStreet.com, March 12, 2001)

July 7, 2009 July 7, 2009 By charlie In Comments Off on Quote Corner

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

Things look grim for the S&P 500 as the Bullidex fell 8.45% to close at 169, breaking the June low. This is a big warning sign to all equity investors as the volatility increases relative to the number of rising stocks, which lowers the probability of successful investment. Bull markets tend to see a reduction…

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July 7, 2009 July 7, 2009 By charlie In , , , , , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Twitter Ticker ($UNG)

UNG trading was halted this afternoon, only to reopen lower a few minutes later, causing quite a stir on StockTwits. The hearings on commodity trading may lead to limits on speculator positions, but it isn’t a piece of trade worthy information, price is the only thing that needs to be followed. The scenario I envisioned…

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July 7, 2009 July 7, 2009 By charlie In , , , , , , Comments Off on Twitter Ticker ($UNG)

Quote Corner

The market can stay irrational longer than you can stay solvent. – John Maynard Keynes (British economist, 1883-1946)

July 7, 2009 July 7, 2009 By charlie In Comments Off on Quote Corner

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

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….

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July 6, 2009 July 6, 2009 By charlie In , , , , , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Twitter Ticker ($GS)

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…

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July 6, 2009 July 6, 2009 By charlie In , , , , , , Comments Off on Twitter Ticker ($GS)

Quote Corner

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)

July 6, 2009 July 6, 2009 By charlie In Comments Off on Quote Corner

New High Short Squeeze ($LINC)

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%…

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July 1, 2009 July 1, 2009 By charlie In , , , , , , Comments Off on New High Short Squeeze ($LINC)

Twitter Ticker ($AIG)

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…

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July 1, 2009 July 1, 2009 By charlie In , , , , , , Comments Off on Twitter Ticker ($AIG)

Quote Corner

Lack of money is the root of all evil. – George Bernard Shaw (Irish dramatist, 1856-1950)

June 30, 2009 June 30, 2009 By charlie In Comments Off on Quote Corner