Intel is buzzing on StockTwits after posting better than expected earnings and rising 7% after hours. I’ve been accumulating INTC since posting this in April, and I’m hardly surprised by the stellar results. The semiconductor sector has been leading, and the numbers prove the market was ahead of the curve. Trading above the upper Bollinger…
BXM:SPX compares the relative performance of selling S&P 500 covered calls against holding the equity unhedged. When buywriting outperforms the underlying index, it implies that the market is weak because option writers are keeping premiums as strikes remain out of the money. Since the credit crisis began in late 2007, the relative strength of BXM…
The NYSE Summation Index continues to move lower, signaling persistent selling pressure and broad market weakness. Until this indicator reverses and heads higher, the market will continue to liquidate, potentially taking us to the March lows. Stay defensive and manage your risks by cutting loses quickly.
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…
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…
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…
Lincoln Education Services has appeared on my favorite screen in the past week, and I noticed a video via @IBDInvestors on StockTwits, so I figured I’d throw in my two cents. Clearly education companies do well when people are scared and unemployed, so Wall Street has high expectations for the stock. With a float +20%…