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.

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.

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.