Apple dominated StockTwits chatter as they kicked off the 2009 World Wide Developers Conference with new products and upgrades. Snow Leopard promises to be a faster and leaner OS, the iPhone has finally received a virtual landscape keyboard, and the new MacBook Pro starts at $1199. Sweet. Looking back, this last post indicates that I…
Palomar Medical Technologies is buzzing on StockTwits as it rose 60% intraday. According to Reuters, the FDA approved an anti-winkle laser for folks who want to stay at home to glow. PMTI’s strength is impressive as it holds above 2008’s resistance and trades beyond the upper Bollinger with a rising 20sma. The huge volume is…
StockTwits chatter is focused on TIVO after it received a favorable court ruling in an ongoing patent dispute with Dish Network (DISH). Apparently people still watch television in America, enough to warrant a battle over DVR (digital video recorder) technology. Despite trading at 5 year highs, TIVO seems like an outdated concept to moi, but…
The number of stocks trading above the 50dma is rising relative to volatility, which is more evidence of a strengthening uptrend. The odds for successful investment are increasing because the probability of purchasing a strong stock with less risk is growing. According to this chart, the S&P 500 stands at pre-Lehman failure levels, the green…
StockTwits chatter points to Hernispherx BioPharma, which is making big moves on huge volume as it breaks through the upper Bollinger. HEB develops drugs for chronic fatigue syndrome, genital warts and a few other viral maladies. Some guy has put a $9 target on HEB here, the math looks questionable, but I don’t believe in…
According to Yahoo, Data Domain has received a bid from EMC for $30, a 16% premium from today’s close. DDUP began appearing on my short squeeze screen, but due to the recent overall choppiness, I remained on the sidelines. The alignment of EMCs offer and DDUPs appearance on my screen serves as a reminder that…
The S&P 500 Bullidex rose 5% to close at 240, signaling a decrease in volatility relative the percentage of rising stocks. This indicates a favorable environment for investment as the odds of successful speculation are waxing. The upward breakout after a few weeks consolidation is healthy for the bulls as the S&P500 moves above the…
A glance at the StockTwits chatter reveals Cisco Systems will be replacing General Motors in the Dow Jones Industrial Average. Coincidentally, CSCO is trading above the 20sma for the first time since November 2007. Momentum remains with the bulls and a breakout looks likely. It bothers me to think of CSCO as the future of…
The NASDAQ 100 continues to fair much better than the S&P 500, exhibiting lower volatility with more rising stocks. How long this will last is undetermined, but it is best to wait for a trend change rather than anticipate it. I remain bearish on the S&P 500, and though I’m technically bullish on the NASDAQ…
Today’s StockTwits chatter was dominated by the big move in natural gas. Down nearly 80% after falling for nine CONSECUTIVE months, UNG is beginning to show real signs of life. While it is too early to say the bear market is over in this sector, a new row of X’s and a monthly close higher…