My decision to remove the bulk of my short positions and to turn long on the previous post seemed rather timely until the last 15 minutes when the government decide to announce their lawsuit against ORCL. That sent stocks cascading down into the clos...
Read more...We finally get a little selling. Great. It's time to do a little buying. Don't barf when they sell - nibble instead.
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Red isn't necessary an ugly color. Red lips, red hair, even a red car. This morning it's as if red was abolished though as everything I'm looking at on my screens is green - save the dollar.
How can everything go up at once - all asset classes. Strang...
Looking for a bounce at the lower trendline if Compq wants to stay in its new more aggressive channel. See the following 8day 30min chart.
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We broke above the intermediate term descending trendline, retested it and continued up to close at 2269, close to my 2270 target. See the following 16day 30min chart.
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We failed to penetrate the trendline putting in a nasty pop & drop from yesterdays 2236 high. See the following 10day 30min chart for possible scenarios.
Read more...When Apple reported earnings and popped $10 the next day, the late comers were surely looking for $300 as the next target. Unfortunately for them, Apple has languished instead while the market has rallied so the question is, "What's wrong with Apple?...
Read more...Trading the range is the trade and to ignore what the market gives you is a ticket to pain and less than average returns. Citigroup has a very broad range that is a good percentage range trade. It is definitely worth a look.
Read more...JPM had stellar earnings but sold down based on earnings for rival banks. Volume expanded on the way up on the daily chart and is likely to be tested again near term. Yesterday provided the signal to get long and L.A. shows you what he's watching for... Read more...
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