Alcoa reported its first back-to-back loss in 15 years, but the stock rose on large volume. Big accumulation from $5-$8 may end the free fall. AA remains a trade, not an investment. That said, there are some good developments for investors. Although the primary trend is down, it grows increasingly neutral, and the Feb-Mar shakeout…
Goldman Sachs (GS) is in the spotlight in lieu of American International Group’s (AIG) counter party revelations. GS is mired in resistance, and though it has enjoyed an uptrend since November, its days are numbered. The Bloomberg take on the AIG story can be found here. This is what I took from the article: AIG…
Citigroup (C) is making the news, check StockTwits feed for a few views. As doomed as Citigroup may be, it might rise to 3.20. In my last C post, I panned these folks, and for investors, they remain blokes. But for the nimble trader that likes an edge, C may offer an interesting bet. All…
Well so far Wells Fargo (WFC) has stayed in the game, but this bounce is doomed before it is made. True 15% up is a nice move, and it could make it to 13.2. The writing is all over the wall, this bank has much further to fall. I don’t want to boast, but here‘s…
Here is the Bloomberg scoop on Apple (AAPL), today’s top ticker on StockTwits. AAPL is retesting support for a third time, trapped by resistance around 98. According to Bloomberg, a JP Morgan analyst named “Moskowitz, who has an “overweight” rating on Apple’s shares, cut his price target to $100 from $102… [because the] next few…
The falling giant Citigroup (C) filled the Twitterspace on StockTwits. Cheap stocks tend to get cheaper as participant psychology creates a negative bias and forms strong overhead resistance. C trading below a dollar is neither shocking nor tragic. Privately, I’ve been ranting about these Ponzi fuckers for a year, but I finally made a post…
General Electric is causing chatter on StockTwits. Leave this collapsing conglomerate to experienced traders, this is no place for investment. The last time I mentioned GE on this blog was here on December 02, 2008, trading around $17. “GE is a financial, mired in resistance, and in need of a bailout, I would sell the…