We are in the moving business, not the storage business. The charts and technicals tell us where price, momentum and sentiment have come from, while we interpret levels and decide which pattern is being set up. For the last month the markets have provided some jagged moves within a narrowing range (see chart below). Historically…
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Just a couple of weeks left before the Christmas holiday and the pressure is on. I’m not talking about the stores and shoppers, which will no doubt be crowded up until the last minute. No, I’m talking about managers trying to beat the markets or specific bogeys. Time is running out before year-end and many…
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That didn’t take long. Dow up nearly 1000 points in a week. Sentiment changes so quickly these days in these times of uncertainty. How was everyone feeling after Thanksgiving? A bit of indigestion for sure. Back in risk ON mode now? I cannot recall such an extended time of quick turns in trading and…
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Seems that every email I have received lately, blogs sent to me for reading or those on twitter give absolutely no chance for the world to continue. End of the world predictions are as common as a sunrise. Yet, how have those predictions ever worked out? Today’s macro issues are nothing to be complacent about,…
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It didn’t have to be this way. Could have been different, far different. Much better. But this is what we have, so we have to deal with it. Oh, I’m not going to whine about the markets today. We all understand how it operates. There is no certainty in predicting the future. You do your…
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Hard to believe 2011 is almost finished, yet there seems to be so much left before the clock strikes midnight on Dec 31st. If I were to describe this as a turbulent year that would be an understatement. World events have dominated the news, emotions swung on the pendulum of fear to greed. Markets are…
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Brief Update and Comments – 11.16.11 Just a quick update on the activity. New subscribers welcome aboard! — DON’T FORGET ABOUT THE WEBINAR, THURSDAY AT 4:20PM est What started out down then back up seemed to be a carbon copy day from Tuesday. However, some brutal selling hit the tape in the last hour any…
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The market will lose a major catalyst when earnings season winds down. Now, there are always earnings plays to look for regardless of the calendar, however it’s just slim pickings until mid January. This week has some interesting plays – one of my favorites being CRM. We have done well with this name in the…
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As we approach the sweet spot of the calendar, the seasonal momentum takes hold. Historically speaking, the last six weeks of the year offer some of the best gains bulls see all year long. So is now a time to get bulled up or remain with a cautious view? There are very few times where…
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After smashing it outta the park on GMCR with a big strangle play this week (coupled with flameouts STEC, ROVI) we’ll look toward some new ideas for tonight. I’m favoring a call play on NVDA and strangle on MCP, but looking for a longer term call play here. However, we’re talking earnings here so let’s…
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