Some ideas from the global consciousness of StockTwits.com ENER is rallying into resistance. So is ESLR. The solar plays look like better shorts, but you won’t find me fighting the uptrend. Gold miners are showing some encouraging strength above support, how about a scary pullback? CPB can rally, but I suspect Staples will under perform…
A few ratios and some interesting developments. US Equity / US Bonds have reached a prior level of support. Watch for resistance. Another day of advancing volume significantly outweighing declining volume. The US Dollar looks ready to break its recent and sharp uptrend, implying slowing momentum. Silver is putting in a nice base, and is…
The short term uptrend grows stronger by the day. The Bullidex (Bullish Percent Index / Volatility Index) has finally registered some new X’s. More stocks continue to rise above the 50dma on decreasing volatility. Finally, an increasing number of stocks are trading at new highs. Market internals continue to strengthen as an increasing number of…
The market made some moderate progress, nothing too exciting. Short term the trend is up, long term we’re still looking grim.
American Equities vs. Bonds are rallying in a downtrend, but approaching resistance. The stabilization of Miners vs. Gold reduces deflationary worries. Relative to gold, the 30Y is bouncing off long term resistance, but remains in an uptrend. Signs of stabilization are emerging as these ratios exhibit mean reversion. If volatility can stabilize, we may be…
RIMM will take months to repair, and I have no love for their products. Google barely budged today, and as much as I love the company, the stock is shit. People who won the C game bailed early, but it might push to 7.60 before collapsing in half. Another terrible tech stock. Macs are lame,…
The market is showing signs of internal strength. There are more bullish stocks above the 50dma with generally lower volatility. Advancing volume is much heavier than declining volume. Judging by these indicators and recent price action, the tape is saying up, up and away. We are still in a long term bear market, but there…
With Friday’s big move in the shiny yellow stuff, a good deal of noise is being made about the future of the gold sector. Recent price action suggests that this is a rally in a bear market, and we’re approaching overhead resistance. Moreover, the recent rise was substantiated by weak volume, suggesting little conviction amongst…
General Motors is about as relevant as horse drawn carriages. AdSense sucks, and so does Google’s future revenue. I’ll keep the Gold, you take the Man Sachs. Citi is not only asleep, it is comatose, and probably dead.Leveraged destruction of the finance sector remains the best trade of the year.Equities suck, and though we may…
Not much has changed, even with Friday’s +6% close. Even fewer stocks breaking to new highs. Optimistically, a couple stocks are climbing above the 50dma. Gold showed good strength, and GDX was up 26%. But gold is approaching resistance, so stay cautious. The market is still terribly weak. Gold miners may offer some upside potential,…