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• Quote Corner
  Charles Amadeus, September 9th, 2009 at 11:03 am, Comments: 0

  When a country lives on borrowed time, borrowed money and borrowed energy, it is just begging the markets to discipline it in their own way at their own time. Usually the markets do it in an orderly way – except when they don’t. – Thomas L. Friedman (NY TImes Foreign Affairs columnist, 2/24/05)

  
  

• Twitter Ticker ($GLD)
  Charles Amadeus, September 3rd, 2009 at 1:17 pm, Comments: 0

  Gold is a hot item on StockTwits as the shiny yellow stuff makes another run for 1000. Trading in an uptrend with the potential to surpass the upper Bollinger, $GLDs breakout on September 2nd is a strong bullish signal. The preliminary price objective is 99.13, but a move below 93.49 would initiate a secondary downtrend, [...]

  
  

• Twitter Ticker ($WFC)
  Charles Amadeus, September 2nd, 2009 at 3:51 am, Comments: 0

  Wells Fargo is buzzing on StockTwits as as it enters a secondary downtrend amidst a weakening market. Though the bank plans to repay TARP funds WITHOUT diluting existing shareholders, $WFC fell 4.76% on a rough day for the financial sector. If $WFC breaks below 25.87, it will initiate a primary downtrend and add fuel to [...]

  
  

• S&P 500 Bullidex ($ES_F $SPY $SPX)
  Charles Amadeus, September 2nd, 2009 at 3:25 am, Comments: 0

  The S&P 500 Bullidex fell 11.41% to close at 284, signaling an increase in volatility relative to the number of rising stocks. The new downtrend in the Bullidex confirms the recent weakness in the NYSE McClellan Oscillator, suggesting a risk adverse market environment. Though the S&P 500 remains in an uptrend, the breadth and volatility [...]

  
  

• 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 [...]

  
  

• 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 [...]

  
  

• 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 diet [...]

  
  

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

  Click the chart.