Freddie Mac is hot on StockTwits as the government sponsored mortgage giant surged over 125% after reporting a profit. As I mentioned here, try to ignore public perception, financial companies related to mortgage securitization are prospering; look at AIG and Fannie Mae. Breaking to multi-month highs with strong volume, FRE is trading in an uptrend…
The NASDAQ McClellan Oscillator, a short term breadth indicator, began a downtrend on Wed. Whether this turns into a sustained move lower remains to be seen, but it is an early warning sign that you should be aware of. To my dismay, I was stopped out of one of my favorite leading stocks, STEC. Weakness…
It’s not what you say. It’s what they hear. -(A sign in an advertising office)
American International Group was hot on StockTwits as the insurer opened below $14 and closed at $22, a remarkable daytrade indeed. Whatever voodoo catalyzed the squeeze remains to be seen, though my sources tell me it involved monkey flatulence and Franz Geithner. Though AIG is in a primary downtrend, the secondary trend is above the…
The S&P 500 Bullidex formed a new high as it rose 4.05% to close at 308, indicating an increase in the number of rising stocks relative to volatility. Although the S&P 500 has yet to trade above the September 2008 level, the Bullidex shows internal strength comparable to May 2008. With volatility making lows and…
Research In Motion is getting attention on StockTwits as many technicians are seeing breakouts. On June 19th RIMM was trading at 72.78 when I posted this, “a break below 70.87 may encourage more selling, but trading above the upper Bolllinger in a rising trend calls for buying the dip.” Looks like things have played out…
I posted a tweet about Whole Foods awhile ago, suggesting it was a strong candidate for technical reasons with a solid brand name to boot. @NoDoji agreed, and today that cat tweeted a call to load up on WFMI before earnings. Much of WFMI stock has been sold short, so Tuesday’s earnings report may precipitate…
The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you do is who you become. -Heraclitus (Greek philosopher, 535-475 BC)
Bank of America is the hottest ticker on StockTwits as the SEC charges the bank with fraud, only to negotiate a $33 million settlement MINUTES later. This may be the fastest resolution to financial impropriety I’ve ever seen, and it makes me wonder: how can I get paid $33 million to ignore $5.8 billion in…
[vodpod id=Groupvideo.3098694&w=425&h=350&fv=] more about “Best Safari Ever (If You’re Into Monk…“, posted with vodpod