Today’s action was pretty intense. What does it mean for the SPX? Trade with caution, the trend is down. I’m buyin’ stocks ’cause sellers ain’t ’round. Volatility dropped, more stocks rose. This is a good sign to dip in your toes. Danger abounds, investors beware. Traders rejoice, reversion is here. Potential SPY resistance and support…
Under capitalism man exploits man: under socialism the reverse is true. – Polish proverb Needless to say, I do concur, this here quote is too good for words.
Well so far Wells Fargo (WFC) has stayed in the game, but this bounce is doomed before it is made. True 15% up is a nice move, and it could make it to 13.2. The writing is all over the wall, this bank has much further to fall. I don’t want to boast, but here‘s…
Shares of Dow Chemical (DOW) were halted today pending a court settlement with Rohm & Haas (ROH), details here. Starting in May 2008, buying ROH and selling DOW has been a phenomenal trade. I’ve never bet on mergers and acquisitions, but this is a chart that makes me salivate.
Geithner takes calls on the best way to spend bailout money. [vodpod id=Groupvideo.2192747&w=425&h=350&fv=] more about "Daily Options Report: Tim-Ber", posted with vodpod
[vodpod id=Groupvideo.2192664&w=425&h=350&fv=] more about "Crisis of Credit Explained in Animate…", posted with vodpod
[vodpod id=Groupvideo.2192397&w=425&h=350&fv=] more about "A Photo Editor – An Unlikely Weapon- …", posted with vodpod
Capitalism is the legitimate racket of the ruling class. – Al Capone (American gangster, 1899-1947) I’m no fan of gangsters and thugs, but with words like these, I gotta show love. I just wrote a post on the nature of the game, and how its rigged to drive dumb investors insane. The market is Social…
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…