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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…
I keep hearing “Should I buy? Should I buy?” When I start hearing “Should I sell?” that’s the bottom. – Nick Moore (Portfolio manager, Jurika & Voyles, TheStreet.com, March 12, 2001)
Things look grim for the S&P 500 as the Bullidex fell 8.45% to close at 169, breaking the June low. This is a big warning sign to all equity investors as the volatility increases relative to the number of rising stocks, which lowers the probability of successful investment. Bull markets tend to see a reduction…
UNG trading was halted this afternoon, only to reopen lower a few minutes later, causing quite a stir on StockTwits. The hearings on commodity trading may lead to limits on speculator positions, but it isn’t a piece of trade worthy information, price is the only thing that needs to be followed. The scenario I envisioned…
The market can stay irrational longer than you can stay solvent. – John Maynard Keynes (British economist, 1883-1946)
Despite today’s reversal and positive close in the S&P 500, the Bullidex fell 10% to close at 184. This divergence suggests a weakening uptrend and signals downside risk as volatility increases relative to the number of rising stocks. The month of June was a whipsaw cluster-fuck for my indicator, but that comes with the territory….
Goldman Sachs is hot on StockTwits as rumors swirl around the Beast. Oil price spikes, NYSE reporting irregularities and stolen computer trading codes aside, GS has the usual conflict of interests and conspiratorial malarkey to banter about. Nevertheless, the stock has been ripping since March, and remains in an uptrend above the upper Bollinger with…
If you don’t know who you are, the stock market is an expensive place to find out. -George Goodman (Institutional Investor, New York, “Adam Smith,” The Money Game, b. 1930)