Friday, May 15, 2009

SPY talk

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In retrospect, it would have been too cute for 88.5 to hold -- we broke it, hit the 20 SMA and bounced. Unless we get new "green...

SPY 88.5

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Three touches now on this level. How cool is that? Update: We jinxed it -- SPY now under minor support intraday. Close today will be s...
Thursday, May 14, 2009

So far So good

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As we wrote last night in our newsletter we were looking for a bounce on the commodities today. So far so good -- however, now the big test...
Wednesday, May 13, 2009

Day of Opportunity

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These are all the stocks that triggered our numbers today from last night's newsletter: Let's start with the two longs that went ove...
Monday, May 11, 2009

Bucket of Cold Water on the XLF

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We have great respect for Meredith Whitney. She saw the cracks in the house of cards before the crisis, then before the latest bank earning...

Intraday Updates

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Thus far today the bulls have done a very good job of holding support. These are intraday updates of the daily charts -- look how well suppo...
Sunday, May 10, 2009

Market Talk

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With the exception of the Nasdaq weakness (as we discussed on Friday) the bulls are still in control; however, this could change soon. XLF l...
Friday, May 08, 2009

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We've been writing about this trend-line on the QQQQ for a while now in the newsletter. Note today that the QQQQ is in a peculiar spot:...
Thursday, May 07, 2009

Resting spot

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Tuesday, May 05, 2009

Bull litmus test

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Tomorrow should be interesting as news has come out tonight that BAC will need 34 Billion in capital as per government stress tests. We...
Saturday, May 02, 2009

Our thoughts

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If we extrapolate from Friday's action then we would be long USO OIH XME MOO as money rotates into the new leadership of commodities. ...

Sector D: Steel and Iron

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The best two charts we could find from this sector are AKS and RIO. We had AKS at 12.5 in our newsletter Wednesday night -- it still looks g...

Sector C: Crude Oil and Oil Services

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We're move ambivalent about the Oil sector because of the lack of volume accompanying the recent break-out. If volume comes in, we'l...

Sector B: Metals and Minerals

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The ETF we like to trade in this sector is XME which looks set to go to the 200SMA and resistance around 38. Looks great. Here are our fav...

Sector A: Ag-Chems

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Over the weekend we're going to be posting up charts of some sectors that could show some decent trading opportunities come next week. L...
Friday, May 01, 2009

Commodity Rip

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We'll have to see how they close them but commodites are on fire with more break-outs in the sector that we've seen in a while -- an...

Today's triggers

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Here are all the triggers from last night's newsletter (BTU 27.5 long, CNX 33 long, FLR 37 short, USO trend-line long over 29). A...