Majors’ Majors
A casual look at the major indexes moving averages tells us it’s trend up. A three year old would confirm it. Easy to call a pullback. But fear what’s easy. This kind of action may Read More …
Rules Of Gravity
Naz 5,000, now the pullback. Gravity rules. Up trend remains strong. Multiple distribution days, including a small one Wednesday, create some hesitation. Perhaps we’re in the midst of a pullback to the 50-day SMA’s. This Read More …
chugalug
Major indexes inch higher. Volume patterns favor bears. We’re staying neutral. Positions Update: 20% target on WCIC hit. Cash register rung with half the initial position. Homebuilder fundamentals and techinicals bullish until proven otherwise. Stay tuned. Read More …
WCIC, Target Time
A 10%+ move on WCIC the day after buying it puts profit targets in site. The 20% initial target, where this blogger exits half the position, would be hit at about 24, considering the 20.25 Read More …
Wicked, WCIC
Ideal high-vol breakout on WCI Communities (WCIC.). This blogger is all in after mentioning any break through 20.25 would be an invite. That 20 mark is a big psychological one. Note that’s a weekly chart above. Read More …
Bustin’ Loose
Take a picture, we’re looking at perfect breakouts on the major indexes. They don’t happen often. But more importantly, their attractiveness doesn’t really make them any better than any other new high. Gotta like the Read More …
Train Keeps A Rollin’
Major market continues higher despite a little pause for the S&P 500. Don’t think. Observe. Longs are working. Be defensive.
Positions Update
Long TWTR. Bought at 38 and 40. Out at 48 for 20% profit. Thanks. Long USO, March 20 Calls. – Out. Bought at .78. Final Exit at 1.08. Might be too early to call a Read More …
Bull On Prowl
Nice grab bag of fast runners this week. Bull is on the prowl. Screen based on: EPS > 20% Quarterly Sales > 20% Quarterly ROE > 15% Price > 50 and 200 SDMA’s Price > Read More …
It’s That Easy
Broad-based breakout in effect. Waste of time to think. Just watch… watch for signs of buy-vol drying up and/or leadership breaking down. It’s that easy. It is. Bear Bias down. Neutral Bias Up.
Post Up
The breakout has begun. Let the market do the talking, and we’ll react. Carry on.
Burn The Burned
Homebuilders are back. This blogger’s anticipation of an industry wide breakout soured after a couple of less than rosy outlooks from key companies sent investors into defensive mode. That big, fat red volume bar tells Read More …