The S&P 500 Bullidex has resumed an uptrend, signaling decreasing volatility relative to the number of rising stocks. This change implies a bullish market conducive to successful investment. I’m long quite a few stocks, and you should really take a look at the list posted by The Fly here. The economy sucks, unemployment will probably…
O’Reilly Automotive is making new highs and carries a large short position, making it a ripe choice for investment in a rising market. By all headline accounts the car industry is dead, but it seems ORLY and AutoNation are holding up well. ORLY provides aftermarket car parts, tools and accessories, so perhaps the DIY attitude…
[vodpod id=Groupvideo.2962759&w=425&h=350&fv=] more about “Amazing Flute Beatboxing and Beardyman“, posted with vodpod
Intel is buzzing on StockTwits after posting better than expected earnings and rising 7% after hours. I’ve been accumulating INTC since posting this in April, and I’m hardly surprised by the stellar results. The semiconductor sector has been leading, and the numbers prove the market was ahead of the curve. Trading above the upper Bollinger…
BXM:SPX compares the relative performance of selling S&P 500 covered calls against holding the equity unhedged. When buywriting outperforms the underlying index, it implies that the market is weak because option writers are keeping premiums as strikes remain out of the money. Since the credit crisis began in late 2007, the relative strength of BXM…
The NYSE Summation Index continues to move lower, signaling persistent selling pressure and broad market weakness. Until this indicator reverses and heads higher, the market will continue to liquidate, potentially taking us to the March lows. Stay defensive and manage your risks by cutting loses quickly.
Prosperity is a great teacher; adversity a greater. – William Hazlitt (English essayist, 1778-1830)
[vodpod id=Groupvideo.2934289&w=425&h=350&fv=clip_id%3D3829682%26server%3Dvimeo.com%26autoplay%3D0%26fullscreen%3D1%26md5%3D0%26show_portrait%3D0%26show_title%3D0%26show_byline%3D0%26context%3Duser%3A786396%26context_id%3D%26force_embed%3D0%26multimoog%3D%26color%3D00ADEF%26force_info%3Dundefined] more about “Typography“, posted with vodpod
StockTwits is buzzing about $AIG, but since that mess was discussed here last week, it’s time to look at another financial player, Citigroup. The last post on C is here, made on March 10th, suggesting a 120% rally in the works. C continues to enjoy the benefits of an uptrend, but after issuing a sell…
With Alcoa’s numbers out, StockTwits is tracking AA as it trades higher on a “smaller than expected loss.” Though AA technically remains in an uptrend, the 20sma is not rising, and it trades below a declining upper Bollinger. Should 8.33 fail to hold, things will get nasty for the embattled aluminum producer. According to this…