Ten Things I Look for in a Range Market
Here's a quick review of what I look for in identifying a range day:
1) A mix of stocks up and down from their opening prices (above; green and red prices);
2) A narrow margin between the number of NYSE stocks advancing and declining;
3) A relatively flat cumulative TICK line;

Category: Technical Analysis Tags:
What's the Potential End Game for this Move?
A famous saying on the Street is the market will do whatever causes the most pain to the most people. With dip buyers relentlessly using every 20 minute selloff as a chance to buy stock in egregious fashion (once more this morning), I am trying to think how this move finally relents. If this were any other year than 2009-2010 where low volume, V shaped moves have crippled any historical analysis I would have the easy answer ... but since the way the market now acts is completely foreign to me, I feel like a guy without sight... in a dark cave no less.

Category: Fundamental Analysis Tags:
Morning Briefing for March 11th: Rollover

Category: Technical Analysis Tags:
Thursday Morning Market Comments
Advancers Outnumber Decliners Solidly As Tech Sector Provides Leadership-
The major averages ended higher on the tenth anniversary of 2000's dot-com bubble. Volume totals were reported mixed and very near the prior session totals; slightly lighter on the Nasdaq and slightly higher on the NYSE. Advancers led decliners by a 2-to-1 ratio on the NYSE and by nearly a 2-to-1 margin on the Nasdaq exchange.

Category: General Market Tags:
Apple Inc (AAPL) Prints a 52-Week High
Apple printed a new 52-week high.
The iPad could see 50 tablet rivals this year. http://bit.ly/ddQ5Vx not bad for next AppleTV...
RIMM Gains 1.7% marketshare at AAPL and PALM expense
AAPL more puts than calls bought today
I hope AAPL iPad can do what CyberPad A4 can do - http://tinyurl.com/yhcyq37
Here's what ads might look like on the iPad: http://bit.ly/aRyLEp

Category: Technical Analysis Tags:
United States Natural Gas Fund, LP (UNG): Something May Happen
The Force Index has turned positive and there are significant divergences of the MACD and %b indicators.
Something may happen and we could see a rebound. Hopefully I will manage to exit my long trade. Trading UNG from the long side has been really a pain so far. First objective of the rebound should be 8.50.

Category: Technical Analysis Tags:
The Credit Crisis Looms - It Is Just A Matter Of Time - Here Are The Facts!
The market continues to grind higher and today it challenged the high of the year. Trading volume is low and momentum is the driving force. Earnings season is almost over and the economic news is light. There's nothing to stand in the way of this rally for the time being. Solid earnings, strong balance sheets and low interest rates are the focal point. The market will continue to push higher until there is concrete evidence that a credit crisis is imminent.
Stepping Inside the Recent Goldman Sachs GS Price Breakout Trade
Similar to that of RIMM, Goldman Sachs (GS) stock broke a critical resistance level which set-up a great breakout trading opportunity for those poised to take advantage of it.
Let’s learn the lesson from this breakout, discuss another example of the “Popped Stops” and “Open Air” concepts, and be ready to apply this lesson in the next stock where it happens.
First, let’s set-up the scenario on the Daily Chart:

Category: Technical Analysis Tags:
Greek’s woes passé?
The market has been grasping at straws with little data to use as fodder, especially in the North American trading sessions. Risk-on, risk-off has been moving on hearsay. China may decouple the Yuan from the dollar, the Greek’s have Obama’s support and equity markets rallying on ‘air’ with little volume. Opposing arguments against a stronger EUR are mounting. Rating agencies are questioning the possibility of a European sovereign default.
Bookkeeping: Closing Potash (POT) - Will Look to Deploy into Another Commodity
I only have 2 commodity plays and I am disappointed in the relative performance of Potash (POT) of late. I had mulled moving into an iron ore (CLF) stock or coal stock over the past month and in retrospect that would of been a very smart thing to do but missed the boat. Considering the price increases announced lately in those spaces, the potential for very nice upside in earnings is strong while the fertilizer market is more or less ho hum right now. With that said,

Category: Fundamental Analysis Tags:
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