Author: charlie

Quote Corner

Follow the course opposite to custom and you will almost always do well. – Jean-Jacques Rousseau (Swiss philosopher, 1712-1778)

May 14, 2009 May 14, 2009 By charlie In Comments Off on Quote Corner

S&P500 10 Day MA Record High Percent Index:Volatility Index $SPXHILO:$VIX ($ES_F $SPY $SPX)

The SPXHILO fell relative to the VIX, indicating fewer stocks are trading at record highs as volatility rises. As the number of stocks making highs wanes, the odds of profitable investment decrease. I’m still selling leveraged ETF’s like FAS/FAZ BGU/BGZ TNA/TZA, but I’ve been taking my long positions off the table.

May 14, 2009 May 14, 2009 By charlie In , , Comments Off on S&P500 10 Day MA Record High Percent Index:Volatility Index $SPXHILO:$VIX ($ES_F $SPY $SPX)

Quote Corner

The best minds are not in government. If any were, business would hire them away. – Ronald Regan (40th U.S. president, 1911-2004)

May 13, 2009 May 13, 2009 By charlie In Comments Off on Quote Corner

NYSE Summation Index Looks Ominous ($SPX $SPY $ES_F)

The NYSE Summation Index looks poised for a correction. The new red O indicates the 2 month uptrend has lost momentum. Investors should get defensive and exercise conservative risk management.

May 13, 2009 May 13, 2009 By charlie In , , Comments Off on NYSE Summation Index Looks Ominous ($SPX $SPY $ES_F)

Twitter Ticker ($POT)

Potash was a market leader before the credit crisis, and though it is trading above various moving averages and the upper Bollinger, this is not a great investment vehicle. The trend is up so buyers have the advantage, but I doubt this stock will make all time highs soon.

May 13, 2009 May 13, 2009 By charlie In , , Comments Off on Twitter Ticker ($POT)

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

I’m too drunk to post anything pithy and wise, but I’ll point out that the S&P 500 Bullidex rose .28% to close at 225. The S&P is technically in an uptrend, so my bias remains on the buy side. Trade smart… I’m gonna chug this water and watch some porn…

May 13, 2009 May 13, 2009 By charlie In , , , Comments Off on S&P 500 Bullidex ($ES_F $SPY $SPX)

Quote Corner

Anytime there is change there is opportunity. So it is paramount that an organization get energized rather than paralyzed. – Jack Welch (GE, CEO, Fortune)

May 12, 2009 May 12, 2009 By charlie In Comments Off on Quote Corner

Pole Dancing Champions 2009

Some light entertainment for this fine afternoon. [vodpod id=Groupvideo.2488662&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] more about “Pole Dancing Champions 2009“, posted with vodpod

May 7, 2009 May 7, 2009 By charlie In 3 Comments

ETFs at 252-Day Highs ($EDC $TYH)

This screen identifies ETFs trading at 252-day highs. EDC and TYH are 3x Leverage ETFs from Direxion, covering the Emerging Market and Technology Sector. EDC and TYH are not investment vehicles, and are best used as daytrading devices. Nevertheless, the new highs indicate all buyers are in a winning position, providing a positive psychological outlook…

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May 6, 2009 May 6, 2009 By charlie In , Comments Off on ETFs at 252-Day Highs ($EDC $TYH)

Quote Corner

Whoso be a man, must be a non-conformist… Nothing is at last sacred but the integrity of your own mind. -Ralph Waldo Emerson (American author, poet and philosopher, Self-Reliance, 1803-1882)

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