The USD has fallen over 10% since March, stirring up inflationistas and fueling the bull market. Since the beginning of May, the dollar has traded in a downtrend below a descending lower Bollinger band, forming a descending triple bottom on July 20th. While it seems unlikely that the Federal Reserve will raise interest rates due…
Microsoft chatter is up on StockTwits after the firm reported dismal numbers, sending shares down 7% after hours. Profits have dropped nearly 30% in the last year, suggesting that not all tech firms are created equal (see Intel). Despite the sell off after the bell, MSFT remains in an uptrend above a rising upper Bollinger,…
The S&P 500 Bullidex rose 3.33% to close at 270, a new high for the year and a big positive sign for the overall market. Volatility continues to fall relative to the percentage of rising stocks, providing an increasingly advantageous environment for speculative investment. There are tons of stocks hitting new highs, many of which…
Amazon.com is causing a stir on StockTwits as the internet retailer announces a deal to buy Zappos.com for $807 million. The deal is a significant sign of recovery as M&A activities suggest increased risk taking and growth prospects. AMZN has formed a strong base over the last four months and looks primed for a breakout…
Human Genome Sciences is the word on StockTwits and @stockguy22 is the prophet. HGSI closed up 276% from Friday’s close on news of a promising lupus treatment called Benlysta. The stock is technically strong and may continue to be profitable, but it is so extended from its base that it is hard to quantify a…
While global markets are on the rise, emerging markets as represented by EEM are giving a clean signal to buy. A double top breakout in an uptrend above a rising Bollinger is a good reason to start a position or add more units and raise stops. A move below 30.21 would warrant caution, but with…
I am savagely raping short bears with STEC, turning their lifeless pelts into vast rugs, and placing them in front of my burning hearth where I’m roasting Dennis Kneale. Stocks like these look poised to make a killing as many continue to burn themselves by adding more fuel to these rockets with more shorts. By…
Google’s earnings release has StockTwits buzzing as the tech bellwether reports disappointing revenue growth, sending the stock down 3% after hours. Whether or not GOOG has the intellectual and executive capacity to increase revenue growth remains to be seen, but Chrome and Wave may be game changers that offer room for expansion. Despite the revenue…
The S&P 500 Bullidex has resumed an uptrend, signaling decreasing volatility relative to the number of rising stocks. This change implies a bullish market conducive to successful investment. I’m long quite a few stocks, and you should really take a look at the list posted by The Fly here. The economy sucks, unemployment will probably…
O’Reilly Automotive is making new highs and carries a large short position, making it a ripe choice for investment in a rising market. By all headline accounts the car industry is dead, but it seems ORLY and AutoNation are holding up well. ORLY provides aftermarket car parts, tools and accessories, so perhaps the DIY attitude…