First off, I received a good email asking me how one could have avoided CMG being down $75 in the premarket. One needs to know CMG has been a teflon stock. No matter what they said or did, the stock would still ascend. For me, the only thing that kept me out of the stock…
Past leaders CMG and ISRG blowing up in aftermarket. I have no conviction on the market here…but I do have plays. Keep in mind, a crapload more earnings coming out in next two weeks. UNP broke out today on volume. You can probe in the 100-121 area with the idea it holds the…
[email_link] ANY BANKRUPTCY COURT WOULD HAVE GOT THE JOB DONE WITH NO COST TO THE TAXPAYER! As reported Tuesday by the Huffington Post, President Barack Obama again touted his administration’s 2009 bailout of the auto industry to voters in Ohio Monday. For three years, Obama has been trying to convince voters that the government’s $50 billion bailout…
3 more yuck economic reports. Market initially sells down…but is now stiffening up. The SEMIS, OILS and now even some of the metals/mining areas are providing a floor on the market. When the worst areas no longer go down…market does not go down. When the worst areas come off the lows, the market comes off…
To give you an idea of my routine, typically, I will scan all the movers at 330 pm before the market closes. At night, I will scan everything trading 750,000 shares and higher. On weekends, I will go as low as 500,000. I am looking for breakouts…and moves off the 50 day. Before I scan,…
[email_link] Emails show an investor’s ties to White House officials Valerie Jarrett and Jim Messina. With Romney taking fire, the RNC shoots back with allegations that the White House allowed donors to feed at the green energy trough. The Republican National Committee is continuing its counterattack on President Barack Obama, releasing emails and videos to bolster…
Amazingly, growth leaders did squat today…but that’s ok because they are sitting tight. Here is the list. EBAY gapping up in AH so maybe will go back on. AAPL- Setting up well into earnings…but 5th stage base. ALXN- Pullback mode after breaking out…trading sloppy…but stilll strong. BIIB- Sits tight while others pull in…blah…
[email_link] Very important note on the semiconductors, a group I have always put a lot of importance on as they have been a harbinger for the overall market for a very long time. Chart provided by StockChart.com Again, the SOX held the 350 area on “supposed” bad news out of Intel. Yesterday, Intel lowered numbers…
[email_link] More Americans went on disability than found jobs over the last three months, according to fresh figures crunched by the Senate Budget Committee. Underscoring the extent of the recent slowdown in the economy, the startling numbers show that between April and June, a total of 246,000 people enrolled in the Social Security Disability Insurance…
It is early but had to let you know they are pulling the SEMICONDUCTOR move again. INTC reports horrid numbers…but the group is already way way down. Combine it with the SOX at significant support…and you get a contramove up. If this gets legs, it will indeed help the NASDAQ as the NASDAQ has lagged…
