Well this was a fitting end to another choppy month. The indices appeared to be on the verge of breaking out yesterday but tonight they’re all well within their trading ranges. Even the Dow, which was leading the way, has slipped back under 11,000 and back into its old range. We had [...]
All I can say is “wow!” Here are some of the comments from George Reyes who spoke at a Merrill Lynch conference (from Briefing.com):
10:45 Google CFO:’A Lot’ Of Growth Ahead,But Rate Is ‘Question’ - DJ (GOOG) 351.20 -41.79:
10:43 Google CFO Says ‘I’m Not Turning Bearish At All’ - DJ (GOOG) 354.96 -38.03: [...]
Looks like a flat opening this morning. Of course I’m expecting the bulls to try to push the market to new highs today, with it being month-end mark-up time. So I’ll be watching the action around yesterday’s highs like a hawk (assuming the market gets there).
Potential swing trades:
After seeing the disastrous ‘earnings’ (losses) from Shanda Interactive (SNDA for the ‘home gamers’
. I went back to look at my January 10th read of the chart. I’m glad my friend took my advice to stay out b/c just as I feared, it’s got stopped cold by its 50-day moving average — the [...]
It looks like the 3 month long consolidation may finally be ending. The S&P 500 traded at a new 2006 high today but sellers stepped in and pushed it back under the January closing high. The Nasdaq’s also within striking distance of its 2006 high. The month-end markup crew should have no [...]
The QQQQ is gapping up this morning but it’s still about 10 cents away from its 50-day moving average. That moving average has marked the high for the day each of the last two sessions. The Qs have not closed above the 50 DMA for all of February, so that level bears watching.
Potential [...]
Henry wanted a chart of Whole Foods:
What do you think of WFMI? I see some divergences in the MACD, Force Index, and Elder Ray indicators. They all have an upwards slope making higher lows while WFMI is making lower lows. It recently also bounced off support in the 61.50 area. You think its a good [...]
Below is a chart of IFN for Dennis who wrote:
I’m new to all this so please forgive if necessary. I’ve been investigating several ways to play the emerging Indian market.
One of the ways would be to enter long a closed-end fund, ticker IFN. Problem is that this closed-end fund is trading at a [...]
Erik wrote:
Could you please take a look at MET for me and tell me what you think. This is a high volume slow mover but I think it could be ready for a big push upward. It looks to me like it’s been hovering around it’s 50 moving average building strength with steady volume. Does [...]
If I didn’t know better I’d think that somebody wanted oil to stay above $60.
Potential swing trades:
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