Like tulips and crocuses being harbingers of the coming spring, might it be possible that cruise ship stocks signal the sign that all is finally well in the equities markets? Royal Carribean got a nice pop yesterday on competitor Carnaval’s news that bookings — especially for the expensive cruises — are turning up. There must […]
Traders who want to place bets on the future of housing in America sure have their work cut out for them. In the wake of the news that housing starts have reached fifty year lows, some contrarians might be poised to jump in to this battered sector, but they may find themselves buffeted by a […]
Revisiting CROX, where last week I was looking at a possible cup and handle forming, well now it does indeed look like that has come to pass. But I have to wonder, while looking at today’s price action, if eager buyers of yesterday’s breakout are really caught in a massive fake out instead! Time will […]
Purveyors of my favorite nasal spray, Walgreens hits the list for a potential short trade. Its sitting under most important moving averages, with a shot at the bottom of the trend channel (about $32) if the market breaks. Stop would be on close above $36 or so.
Super Value (SVU) jumped up to match and briefly exceed its October highs Friday on rumor and speculation that of a possible leveraged buyout (remember those) in the works. I wouldn’t buy this one now at such heights, and I sure don’t wan’t to be around when the rumor goes POOF! A retreat to the […]
Not a current long, as the RSI(2) is overbought at 91.59, but on the watchlist, especially looking for a dip near the 50 day moving average, about $11.74.
As the turmoil in the fertilizer business plays itself out concerning over who is going to buy who, traders placed big bets on Potash today. It just barely managed a YTD closing high, and pulled back to slightly below the January intraday high. I will be watching to see if a cup-with handle forms. Lets […]
Lately, it’s been Brazil that’s been acting almost as a proxy for the market as a whole. Take a look at ProShares double-short Brazil ETF: I would consider buying this one (i.e. shorting Brazil) on a breakout above the trendline shown ($25), which also right now is the resting point for its 20 and 50 […]
If (when) the market finally cracks, I’m going to need some candidates for short sales. Many traders like beating on the much maligned plastic shoe maker, though come to think of it, plastic hoops and flying disks have sold well for decades. At any rate, lets take a look: CROX has shown some surprising pop […]
Everybody’s favorite, Apple Computer surged to all time highs this week. Its two day RSI is currently 99.91 (!), untouchable for long purposes for the time being, but another for buy-the-dips watch list. I’ve never really made trading AAPL my bread and butter, because it is a “newsy” issue where rumors continually fill the wire […]
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