Check out this since-IPO critical level on LDK Solar Co., Ltd. (LDK: 47.22 -0.17%) . If this breaks out on the back of a continued “rally” in crude, then I think it has potential to be a big mover. Above $48 is the key so watch this one tomorrow. Otherwise, it remains stuck in an [...]
I have been having heinous internet problems all day. It’s frustrating and ridiculous how much I need the internet to live. Fortunately, I was able to get some sweet connectivity at 3:40 EST, where I quietly sold some stocks short. Other than that, I’ve been offline until just now.
Today was a weak recovery day compared [...]
NYSE TICK average is negative - sell-off will likely continue the rest of the day.
Break of month-long trendline from the July lows. Recent days have seen lower lows.
For the last few weeks, the market has been in a pattern of 2-3 down days, big up day. What will tomorrow bring?
I’ve personally observed this and heard [...]
Clean Harbors, Inc. (CLHB: 77.73 -0.33%) - I expect this stock to keep trading within its channel, but it also could be rolling over. There seems to be a whole horseload of resistance around $80. 50-day is at ~75.
(CME: 340.90 -0.32%) Â Classic “fuck you, you’re dead” triangle pattern.
Corinthian Colleges, Inc. (COCO: 16.34 [...]
Summer trading is gay. Momentum doesn’t follow through and volume is light.
That said, the market is at support on the upward trendline, and I think you can buy it here for a trade.
Be careful it doesn’t break below the support line.
This trade is short term in nature. Don’t forget the bigger picture.
Also, re FMCN, [...]
The iBCM™ is BULLISH. Today’s BUY Strength™ reading was 4x stronger than the Daily Sell Strength™ but on a weak reading. My Overbought / Oversold Oscillator™ is still slightly OVERBOUGHT, but trending lower towards neutral.
Sentiment Indicator: Bullish
The Daily Buy Strengthâ„¢ today was surprisingly weak considering the show in the markets today. I guess [...]
You guys didn’t think I resumed hiatus didja?
Well I didn’t. Fuck that.
Yesterday, Fly mentioned the scrotum indicator, an oft-forgotten measure that is very important in the decision making process.
One has to ask…do my balls agree with this? A lot of money has been made on Wall Street this way.
See, I feel it [...]
The iBCM™ is BULLISH. Today’s BUY Strength™ reading was 1.3x stronger than the Daily Sell Strength™ but on a low reading. My Overbought / Oversold Oscillator™ is in OVERBOUGHT territory, but trending down to neutral.
Sentiment Indicator: Bullish
The above reading indicates that there are more people buying stocks than selling them, which is the fundamental [...]
Focus Media Holding Limited (ADR) (FMCN: 29.99 +0.64%) is going to $16.75 by year-end. Earnings will disappoint, the Olympics will be over, and Chinese stocks will still suck–at least, this is my dream.
Whether or not you want to take this sterling advice is none of my business. I plan on adding to [...]
The iBCM™ is BULLISH. Today’s Sell Strength™ reading was 2.2x stronger than the Daily Buy Strength™ but on a weak reading indicating very little selling pressure. My Overbought / Oversold Oscillator™ is in OVERBOUGHT territory, and advanced from yesterday.
Today’s weak sell reading is interesting and encouraging to the bulls. I think it’s possible we [...]
