Archive for September, 2009

• Twitter Ticker ($SPY)
  Charles Amadeus, September 29th, 2009 at 12:16 am, Comments: 0

  Monday’s rally has neutralized the immediate bearish pressure, and the S&P 500 looks stable for the time being. Market breadth and volatility are heading in the right direction, but the strength in Treasuries and Yen suggests caution.
  If $SPY can breakout and hold 106.56, the bulls will probably make a push for new highs. On the [...]

• New World Order ($GEO)
  Charles Amadeus, September 23rd, 2009 at 12:57 am, Comments: 0

  The GEO Group, formerly Wackenhut Correction Corporation, is looking good as it makes new highs. Though the name is not familiar to all, my tinfoil hat sources tell me they run vast prison camps for the Federal Government.
  These boys are banking coin when lawmakers pass delightful legislation to keep 60% of inmates in prison for [...]

• Twitter Ticker ($MBI)
  Charles Amadeus, September 22nd, 2009 at 10:58 pm, Comments: 0

  Municipal Bond Insurance Association is garnering interest on StockTwits as it forms a double top breakout. With so many municipal bonds trading upwards ($MUB), maybe the business of insuring The State is becoming profitable.
  Regardless of the fundamental outlook, $MBI looks ready for further gains as it trades in a primary and secondary uptrend above the [...]

• NYSE McClellan Oscillator ($NYMO)
  Charles Amadeus, September 22nd, 2009 at 2:25 am, Comments: 0

  The NYSE McClellan Oscillator fell 74% to close at 10, initiating a downtrend and suggesting further market weakness. The $NYMO is a midterm breadth indicator useful for estimating market direction, and you can find more about it at Decision Point.
  Although the $NYMO remains above the 0 mark, the downtrend is a short term bearish signal [...]

• Twitter Ticker ($AIG)
  Charles Amadeus, September 22nd, 2009 at 2:00 am, Comments: 0

  American International Group continues to be a StockTwits favorite as the government sponsored insurer gains +20% in Monday’s trading. Continued broad market strength has eased the pressure on $AIG in the past few months, and the chances of recovery look increasingly favorable.
  Trading in a primary and secondary uptrend above a rising upper Bollinger, $AIG looks [...]

• Twitter Ticker ($MGM)
  Charles Amadeus, September 17th, 2009 at 3:11 am, Comments: 0

  MGM Mirage is hot on StockTwits as the casino operator surges to a new high, only to reverse and end the day down 7%. I’ve been banking coin with $MGM since it appeared on my favorite screen, but today’s action hit a stop so I took some nice profits.
  $MGM will probably enter a secondary downtrend, [...]

• Short Squeeze a la Buffet ($USG)
  Charles Amadeus, September 17th, 2009 at 12:29 am, Comments: 0

  United States Gypsum, the maker of Sheetrock and other widely used construction materials, rose +25% to close at 19.64. With home builders ($XHB) and real estate ($IYR) leading the market higher, it is no surprise that $USG is performing so well.
  Trading in a primary and secondary uptrend above a rising upper Bollinger, $USG formed a [...]

• Twitter Ticker ($C)
  Charles Amadeus, September 16th, 2009 at 3:37 am, Comments: 0

  Citigroup chatter is brewing on StockTwits as the bank fell 8% for selling $5 billion in government backed bonds while looking to extract itself from a $72 billion FDIC debt guarantee. The Treasury’s 34% stake in $C still looms, but that hasn’t been hurting the stock price.
  $C is trading in a primary uptrend above a [...]

• Twitter Ticker ($AIG)
  Charles Amadeus, September 15th, 2009 at 1:30 am, Comments: 0

  American International Group is back on StockTwits as it rises +9% to close at 41.10. After a sharp shakeout, $AIG has the potential to move higher as the broad market continues to show strength.
  Though it’s below a falling upper Bollinger, $AIG is in a primary and secondary uptrend. The odds favor more upside so long [...]

• Short Squeeze ($PCX)
  Charles Amadeus, September 15th, 2009 at 12:44 am, Comments: 0

  Patriot Coal is roasting the bears as it forms a triple top breakout and shoots up +20%. Like all the stocks here, there is an enormous short position and new highs are putting margin pressure on misguided short sellers.
  Trading in a primary and secondary uptrend above a rising upper Bollinger, $PCX looks poised for further [...]