Archive for August, 2009

• Twitter Ticker ($C)
  Charles Amadeus, August 24th, 2009 at 3:35 am, Comments: 0

  Citigroup chatter is brewing on StockTwits as the bank continues to advance. Trading in an uptrend above an upper Bollinger with a triple top breakout on August 21st suggests buying pressure and healthy demand. With no evidence of weakness in the financial sector, bearish opinion is purely speculative with little objective data to support it. [...]

• Quote Corner
  Charles Amadeus, August 24th, 2009 at 3:03 am, Comments: 0

  A cynic is a man who knows the price of everything and the value of nothing. – Oscar Wilde (Irish-born writer and wit, 1845-1900)

• NASDAQ 100 Trend, Breadth & Volatility ($QQQQ)
  Charles Amadeus, August 24th, 2009 at 2:48 am, Comments: 0

  The NASDAQ 100 is appearing on my favorite  screen, which is awesome news for investors in $QQQQ and its component stocks. According to Friday’s numbers, more than 20% of the available $QQQQ shares have been sold short, but it maintains a 20-day high. Trading in an uptrend above a rising upper Bollinger,  this index is [...]

• The Chartist’s Art: Part I: Technical Analysis
  Charles Amadeus, August 20th, 2009 at 2:42 pm, Comments: 0

  Technical analysis (TA) is a powerful tool that provides an objective structure for security analysis. It is grounded in reality, based on facts like price and trend, and ignores the spurious opinions of financial commentators reporting analyst estimates. By keeping you on the safe side of the trade and signaling when your investment thesis is [...]

• Twitter Ticker ($AIG)
  Charles Amadeus, August 20th, 2009 at 5:18 am, Comments: 0

  American International Group is stirring up interest on StockTwits as buy-on-the-dippers are looking to get a piece of the action. Though $AIG is technically in a downtrend below a falling upper Bollinger, it remains above a rising 20sma. Moreover, it could form a triple top breakout if it surpasses 31.8, breaking the multi-year declining trend [...]

• S&P 500 Bullidex ($ES_F $SPY $SPX)
  Charles Amadeus, August 17th, 2009 at 6:48 am, Comments: 0

  Despite the .77% drop in the S&P 500 on Friday, the Bullidex rose 2.06%, an unusual divergence that may portend further weakness. Generally,when volatility is falling relative to the number of rising stocks, prices rise to reflect the improving investment environment. Since prices weakened despite the improving market breadth, there may be more to this [...]

• Twitter Ticker ($BAC)
  Charles Amadeus, August 16th, 2009 at 8:27 pm, Comments: 0

  Bank of America is a regular on StockTwits, and with the SPY down .77% on Friday, BAC up 2.29% is hard to miss. According to this Reuters article, big money manager George Soros has taken a stake in the company, along with positions in Dell (DELL) and Pfizer (PFE), all of which have excellent technical [...]

• Quote Corner
  Charles Amadeus, August 14th, 2009 at 1:36 am, Comments: 0

  Laws are like sausages. It’s better not to see them being made. – Otto von Bismarck (German-Prussian politician, 1st Chancellor of Germany, 1815-1898)

• Boring Investments ($FLIC)
  Charles Amadeus, August 14th, 2009 at 1:28 am, Comments: 0

  First of Long Island is an old fashioned bank that I’ve had the pleasure of owning since before I could talk, and though I’m not an advocate of buy and hold, it’s hard to argue with the results. This illiquid, mortar and brick, no frills approach to banking has been paying a 3% dividend for [...]

• Short Squeeze ($PODD)
  Charles Amadeus, August 14th, 2009 at 12:50 am, Comments: 0

  Insulet Corp came across my screen yesterday, immediately catching my eye because it looked ready to form a quintuple breakout. Today the breakout came, and I managed to snag some shares in the morning, but got called a way on a computer service job and I missed the afternoon. SURPRISE! PODD went totally vertical and [...]