Author Archive

• 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 [...]

• 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 [...]

• 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 [...]

• 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 [...]

• 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 [...]

• 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 [...]

• 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 [...]

• Quote Corner
  Charles Amadeus, September 15th, 2009 at 12:13 am, Comments: 0

  Nothing is more uncertain than the favor of the crowd. – Marcus Tullius Cicero (Great Roman Orator, Politician 106-43 B.C.)

• Twitter Ticker ($UNG)
  Charles Amadeus, September 10th, 2009 at 11:37 pm, Comments: 0

  Natural Gas is catching fire on StockTwits as $UNG rises +10% in Thursday’s trading. After plummeting 40% during August/September (8/9), $UNG is enjoying a sharp reversal of fortune, much to the relief of the knife catching bulls who contemplate valuation. Although $UNG is trading in a primary downtrend, it has initiated a secondary uptrend that [...]

• S&P 500 Bullidex ($ES_F $SPY $SPX)
  Charles Amadeus, September 10th, 2009 at 2:44 am, Comments: 0

  The S&P 500 Bullidex rose 6.11% to close at 340 as the market continues to rally. The environment encourages increased risk taking as volatility continues to fall relative to the number of rising stocks, implying a growing chance of investment success. There is plenty of bad news ahead, but it will be digested by investors [...]