Yaaaaaaawn: March 10th, 2010
March 10, 2010 – 8:04 pmI think the fellow below sums up the current market mood quite nicely. When will the bear wake up?
Astute Market Observations: March 10th, 2010
March 10, 2010 – 1:23 amHere are a few observations I have come to realize the past few months:
- The market is timid. We continue to move up, yet volume continues to be sheepishly low. In many sectors, volume is actually shrinking. It seems the only sector that is actually being bought with confidence as far as volume is concerned are the financials.
- The market continues to move up, defying technicals that even the docile village idiot could understand. Institutional traders as well as small day traders are dumbfounded. I for one cannot understand how things like a strengthening dollar and continuing global weakness can support our continuing rise.
- The smell of short selling is in the air. Many people are priming their muskets to short the market but it is a matter of when the time will come. As I stated above, the market continues to rally and confuse people in the process.
- Why are cyclicals the best performing sector in the S&P 500 so far this year? Shouldn’t materials or industrials be the best if this was truly a recovery?
AAPL: March 9th, 2010
March 9, 2010 – 12:39 pmEven during harsh economic times, Apple (AAPL) continues to amaze and defy technicals. That upside breakout sure sent the bears running, but volume does remain shockingly low.
Manipulation: March 9th, 2010
March 9, 2010 – 12:20 pmJP Morgan downgraded ENER this morning and shares are down about 4.5%.
Anyone smell a little manipulative action by JP Morgan via yesterday’s odd events?
What the ENER?: March 8th, 2010
March 8, 2010 – 2:56 pm
Potential Long: March 4th, 2010
March 4, 2010 – 3:53 pmI like U.S Ecology both technically and as a long term play. These people dispose of nuclear waste. Seems simple right? Looking at their balance sheet, they have everything you would want in a growing company: negative money flow into construction of company assets, positive earnings growth, positive cash flow and much more. For a small cap 230 million dollar market cap company, a 4.7% dividend is also really nice.
As Warren Buffett always says, invest like a contrarian.
Influx in RSS Feed Readers: March 4th, 2010
March 4, 2010 – 1:08 pmWow, we had 27 RSS feed readers subscribed to this blog who checked their feed yesterday. Didn’t know that many people read this blog…
First milestone is 100.
The Russell and More: March 3rd, 2010
March 3, 2010 – 5:36 pmI was watching Power Lunch today and they had a segment over the Russell 2000 index. They were talking about how strong the small caps had been this year, but when looking at the chart, the Russell 2000 index is in a large area of resistance. It may be time to short the Russell folks.
Power Lunch also went over a small drug company called Medivation (MDVN) who dropped 67% today when a placebo showed better results at controlling Alzheimer’s than the drug they had spent time and money developing. See that little red sliver at the bottom right corner? Yea….that is the stock price.
Double Top Neckline: March 3rd, 2010
March 3, 2010 – 5:27 pmGE is approaching it’s double top neckline.
Such Beauty: March 2nd, 2010
March 2, 2010 – 11:34 pmMy most favorite car in the world….soon enough folks, soon enough. It’s like Beethoven has been resurrected from the dead to perform a symphony for me.
P.S: Driving a Ferrari is like committing treason.