Individualism, private property, the law of accumulation of wealth and the law of competition… are the highest result of human experience, the soil in which, so far, has produced the best fruit. -Andrew Carnegie (Scottish-born U.S. industrialist, philanthropist, The Gospel of Wealth, 1835-1919)
Intel has been trending up since the end of February and the price action above the upper Bollinger Band (top red line) is a sign of buying pressure.
The S&P 500 Bullidex rose 3.13% to close at 168.6, giving strength to the bulls as volatility drops relative to the number of rising stocks.
What technology does is make people more productive. It doesn’t replace them. -Michael Bloomberg (Founder Bloomberg L.P., philanthropist, New York Mayor 2002-, b. 1942)
In my experience, selling a put is much safer than buying a stock. -Kyle Rosen (Boston Capital Mgmt., Barron’s 8/23/04)
Despite today’s positive close for the S&P 500, the Bullidex fell 1.79% to end the day at 161.3. This divergence indicates a minor weakening of the up trend as volatility increased relative to the percentage of rising stocks. A new row of O’s in the far right column coupled with a declining blue line will…
Goldman Sachs continues to move higher, but the recently announced $5 billion stock sale signals waning confidence within the group. Lindzon posted a great piece here about some problems with the sector. GS has stymied me a bit, and while their practice suggests unlawfulness, the message of the market remains up. Friends of mine who…
The S&P 500 Bullidex rose 4.35% to close at 139.5, signaling lower volatility and more rising stocks. The Bullidex hasn’t been this high since January, and with the March lows above the November levels, things continue to look good for the bulls. Year over year, despite the dramatic fall in the price of the S&P…
Alcoa reported its first back-to-back loss in 15 years, but the stock rose on large volume. Big accumulation from $5-$8 may end the free fall. AA remains a trade, not an investment. That said, there are some good developments for investors. Although the primary trend is down, it grows increasingly neutral, and the Feb-Mar shakeout…
According to UFO-Science.com the propeller is rotating, but a magnetic device that sends signals to the camera synchronizes the frames per second.. [vodpod id=Groupvideo.2338163&w=425&h=350&fv=] more about “Anti-Gravitation?!?“, posted with vodpod