Thursday, February 23, 2012

Archive for ‘June, 2011’

Good start to the IRA account

Good start to the IRA account

Started trading my IRA in the ToS account (instead of my banker brokerage). Much better. Wanted to play a bounce on POTG, but no real panic…just long fades…so no good bounces to try. However, there were other things out there for sure:RENN-was rese…

Is This The Next Leg Of The Bull Market Or Just Bull Shhh?

Is This The Next Leg Of The Bull Market Or Just Bull Shhh?

There is really no person that can deny the size of the rally over the past four trading sessions. The highly popular and followed Dow Jones Industrial Average(DJIA) has surged higher by 460.00 points in just four trading sessions. This is an enormous move in such a short period of time. One would think that [...]

Two Stocks That Will Pull Back Next Week

Two Stocks That Will Pull Back Next Week

The bears are morphing into bulls and the Greek aid package is solidified. This week, the Dow Jones Industrial Average is up close to 500 points. This move in the market is one of the biggest in a one week period in years. Stocks have gone from being at major low pivot support levels to [...]

Stock Market Slams Into The 50 Moving Average

Stock Market Slams Into The 50 Moving Average

The markets are sharply higher again today. This is the fourth day in a row major gains are being seen on Wall Street. The Dollar again is sharply lower as the Greek aid package is essentially signed, sealed and delivered. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) is trading at $21.22, -0.10 (-0.47%).  Remember, [...]

Rare Earths Are Still The Rage

Rare Earths Are Still The Rage

The rare earths stocks really became well know and popular in late 2010. This sector looks to have peaked in early May 2011 with the overall stock market indexes. The rare earths have been staging a short term rally on the daily chart since June 16, 2011. This morning, all of the rare earth stocks [...]

F5 Networks and Netflix Are The NASDAQ Laggards

F5 Networks and Netflix Are The NASDAQ Laggards

This morning, the major stock indexes are rallying higher for the fourth consecutive trading day. The NASDAQ Composite is trading higher by over 24.00 points to 2765.00. Just about every leading NASDAQ 100 stock is trading higher on the day. There seems to be just a couple of leaders that are lagging the tech heavy [...]

Lululemon and Nike Bounce Off Lows

Lululemon and Nike Bounce Off Lows

This morning, leading Canadian yoga apparel maker Lululemon Athletica Inc.(Nasdaq:LULU) started the morning lower trading below $110.00 a share. The early decline seemed to be caused by a downgrade. The stock has surged higher by 35.0 percent since making a low pivot on June 6, 2011 at $82.36 a share. This downgrade is understandable as [...]

Eyeballing 6/30/11

Eyeballing 6/30/11

Along with a few from the watchlist at www.investorslive.com, specifically YOKU and POTG, I’ll be eyeballing GS at the open for a possible entry. Came out with news at after the bell that they’re laying off folks at the NYC HQ. I stick with the chart…

Reset and don’t forget it

Reset and don’t forget it

Today wasn’t too hot of a trading day for me. Most of my positions ended up being losing and I cut them loose: NFLX weekly puts (loss), MOTR (flat), SPRD (loss). What made it worse was that I had two plays planned out for today (YOKU and CAAS both sh…

Visa And Mastercard Soar On Swipe Fee Increase

Visa And Mastercard Soar On Swipe Fee Increase

This afternoon, Visa Inc.(NYSE:V), and Mastercard Inc.(NYSE:MA) are soaring higher after the Federal Reserve raised the cap on debit card swipe fees to 0.21 cents to 0.12 cents. Traders should watch for intra-day resistance on MA stock around the $308.25 level. The intra-day resistance level on Visa stock should be around the $86.70, and $91.00 [...]

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