Hot Stocks on StockTwits.com Amazon is a company I love and use, yet AMZN is poop. Bless Mr. Bezos, but until Kindle can be purchased by working stiffs, it’s a luxury in an age of frugality. CEG is an interesting HIGH RISK long. Look at that volume. FCX continues to prove that there is no…
A few market signs for the lost. The following precipitous graph is an example of the impact the financial crisis is having on the real economy. The BDI indicates how much shippers get paid for carrying freight. Due to the unwillingness of banks to write letters of credit for merchandise, shipping is mired in a…
Top stocks on StockTwits.com DUG doesn’t look ready to rise. I’d rather be long DIG. F is headed for nationalization or something equally disastrous for equity holders. It may double on news of Henry Ford being reanimated for a LBO. Hooray, FLR is establishing an uptrend. Needs a pullback. GE is a financial, mired in…
Apple gets plenty of talk on StockTwits.com Short this dog. Looks like a good short to cover at 55 with a nice close stop ~90. This is the trickiest of the bunch. I suspect it will move higher due to the credit crisis, but I do have a firm belief in China’s fundamental growth story….
My Internet was down all day, no trading, no shorting, nothing. I swear there is a conspiracy afoot to prevent me from trading on these awesome days. I missed the Geithner rally a few weeks back under the same circumstances. Anyhow, the markets look ready to churn lower now that volume has come back in….
Take a look at the spread between LSC and DJP starting in late June 08. Clearly this post is a little late to the party, but… WOW. LSC is an ETN that replicates a technically traded long/short commodities index. It offers a compelling advantage over other commodities ETN’s like DJP, and thus I will keep…
“It’s War” declares Matt Drudge following an English report about an Indian EDITORIAL. Yes, an editorial just might start WWW3 if people continue to read the headlines. I mentioned the possibility of the markets pricing in a major war a few weeks ago here, but I didn’t think it would happen a week later.
Fortune favors the bulls as the rally continues. More stocks are getting bullish and the volatility is dropping. Stocks above the 50dma are increasing, but we don’t have a confirmed trend. There are an increasing number of stocks making all time highs, but it’s still meager. The spread between short and long term volatility is…
Thoughts from the collective at StockTwits.com I suspect Google stinks, but I’m not short yet. It will rally, but there are better opportunities. General Motors is also terrible, long or short. Better stocks abound. C continues to rally, and thought it has hit my 7.60 target, there is no reason to run. 12 anyone? I…
Any one have thoughts on the following divergence? The relatively new Dollar Bullish ETF UUP is indicating a new downtrend. On the other hand, the $USD, a index with a bit more trading history, seems to be at the lower range of an uptrend. Since they share a 1:1 correlation, this aberration might be explained…