Thursday, September 16, 2010
Friday, September 03, 2010
STRONG HEADWINDS FOR CAMPBELL SOUP
Toppy and unsustainable. Looks to move sharply lower regardless of earnings.
Tuesday, August 31, 2010
Monday, August 30, 2010
BULLISH SIGNAL FOR U.S. EQUITIES
I've been perplexed lately given my assertions that:1) the NASDAQ, the Dow and the S&P 500 need to break above their respective MACD trendlines to move higher, and 2) the US dollar is set to weaken. Between the two I surmised a disconnect, specifically whereas I believed a weakened dollar would recharge the bulls. Every index chart I've pulled up, however, demonstrates the same lack of conviction... until I found the Russell 1000 3X Bullish ETF, ticker BGU. $513M of the fund's $726M (70%) is secured as Russell 1000 large swaps - more than 5X the amount held in Goldman's Financial Square Govt Fund. Something's got to give.
Wednesday, August 25, 2010
Monday, August 23, 2010
BUY UK BANKS... NOT SO MUCH US BANKS
HSBC (top left) and Barclays (bottom left) are showing strength while Bank of America (top right) and JP Morgan (bottom right) are not. Also, Santander and Banco Bilbao are showing strength similar to their European counterparts.
MORE WEAK HOUSING EVIDENCE
IYR (left) cannot break above while Pulte (right) broke through a multi-year uptrend. Pulte, Toll Bros., D.R. Horton all look identical. Floor about to drop from underneath them.
GREAT BASIN GOLD
Either way, one trendline will be broken sooner rather than later.
Sunday, August 22, 2010
GENZYME STRENGTH NOT A CLASS EFFECT
Both the IBB (left) and XBI (right) biotech indices have broken the uptrend.
Friday, August 20, 2010
Thursday, August 19, 2010
Friday, April 23, 2010
2 More to Watch...
Esco Technologies (ESE) and Bovie Medical (BVX) showing up on my radar today. Apple's strength is really something... but I'm still skeptical.
Thursday, April 15, 2010
Time to short Apple (AAPL)
In searching for buying opportunities (to no avail), I pulled up Apple for a look see only to find a similar pattern to what I'd seen in the oil sector just before it imploded in 2008. I won't waste my time porting the charts of either, but look for yourself how if you draw a trend line for AAPL's daily RSI / Williams / Slow Stochastic indicators, AS WELL AS it's 15 minute and hourly RSI / Williams / Slow Stochastic indicators you see these trend lines approaching 100 / 0/ 100 respectively, and fast. Being a relatively loyal customer, I honestly believe with the iPad they have jumped the shark, and it's current price has the earnings baked in for not just now but the next 15 years, or until they become innovative again. Watch out below.
Tuesday, April 13, 2010
And several more moons have passed...
It's been a while. WOW! What's been going on Let's see, new house, new car, growing family... to quote David Byrne, "How did I get here". Now as far as equities go... the market has been great. Too bad I've missed a lot of it. Wrong picks for less than market returns. I'm glad to see Wabash National over $7 and even $8, although I dumped my shares long ago. I don't know how long the market will drift up like this. I thinks its hypnotizing sensible investors and that another flush could really test the streets mettle. I don't see many compelling buying opportunities at all, and the only 'cheap'stocks are the usual suspects, the perpetual dogs - think Boston Scientific. I am still long gold, especially Rubicon, now testing it's 200-day MA in a holdinh pattern of an all-time breakout. I have my list of stocks I'm watching but again, nothing complelling. Excelon and PPL and FPL with their low PEs and high yields are intriguing however... we'll see if the lows hold.
Subscribe to:
Posts (Atom)