Archive for August, 2009

• Short Squeeze ($ETFC)
  Charles Amadeus, August 30th, 2009 at 6:16 pm, Comments: 0

  E-Trade Financial is poised to move higher as the online securities broker issues a margin call on the short sellers. Over 20% of the available shares have been borrowed and sold, so this two month high could crush stubborn bears.
  Trading in a primary and secondary uptrend on the 20sma, $ETFC has a tentative target of [...]

• Quote Corner
  Charles Amadeus, August 30th, 2009 at 3:42 pm, Comments: 0

  Big business breeds bureaucracy and bureaucrats exactly as big government does.
  - T.K. Quinn

• NYSE McClellan Oscillator ($NYMO)
  Charles Amadeus, August 30th, 2009 at 3:38 pm, Comments: 0

  Most indicators at my disposal say the market is strong and rising, except the NYSE McClellan Oscillator. $NYMO has dipped below the zero line, suggesting a short term downtrend and further consolidation.
  This is generally a good reason to closely manage risk by tightening stops and cutting losses in order to raise cash. The uptrend that [...]

• Sugar High ($SGG)
  Charles Amadeus, August 29th, 2009 at 3:22 pm, Comments: 0

  This scan shows Exchange Traded Products trading at new highs and lows, and sugar is reaching for the sky despite new warnings about the health problems associated with its consumption. The WSJ ran this story a few days ago citing the American Heart Associations recommended amount of 9 teaspoons daily versus the average American [...]

• The Chartist’s Art: Part II: Reading a Chart
  Charles Amadeus, August 28th, 2009 at 9:23 pm, Comments: 0

  Click the chart.

• Total World Stock ETF ($VT)
  Charles Amadeus, August 28th, 2009 at 6:30 am, Comments: 0

  World markets are trending up and the buying volume shows strong conviction. Tales of an impending October crash are popular, but it is superstitious nonsense. Trade what you see, not what you think.
  The uptrend that began in March of 2009 proved itself in April after rising above the upper Bollinger band (two standard deviations from [...]

• Twitter Ticker ($AIG)
  Charles Amadeus, August 27th, 2009 at 9:18 am, Comments: 0

  American International Group is buzzing on StockTwits as it continues to advance since breaking out on August 20th. I wrote a column here when AIG was trading around 26 over a week ago, and so far this has been a stellar trade with results much quicker than I anticipated.
  Now that it is officially trading in [...]

• Twitter Ticker ($VG)
  Charles Amadeus, August 26th, 2009 at 3:36 am, Comments: 0

  Vonage chatter is exploding on StockTwits as the VOIP provider skyrockets 165% in Tuesday’s trading. No news has been released to confirm the move, but the price speaks for itself as the market wants to get its hands on this stock.
  Though VG is trading in an uptrend above a rising upper Bollinger, the chart has [...]

• Quote Corner
  Charles Amadeus, August 26th, 2009 at 3:16 am, Comments: 0

  Nothing gives one person so much advantage over another as to remain always cool and unruffled under all circumstances.
  - Thomas Jefferson (3rd U.S. president, 1743-7/4/1826)

• Twitter Ticker ($FNM)
  Charles Amadeus, August 25th, 2009 at 11:12 am, Comments: 0

  Federal National Mortgage, better known as Fannie Mae, is buzzing on StockTwits as it closes up +40% on Monday. Things are looking up for the once troubled housing lender as it forms a triple top breakout, and trades in an uptrend above a rising upper Bollinger.
  A break below 1.45 will initiate a secondary downtrend, but [...]