Closing Update
If this is the action we get on consolidation days, wow!
High beta tech was strong all day and when the market bounced they had a...
Dot-com Craze
It's so silly to watch all of the dot-com names go higher, but I figure the buyers of LinkedIn, Zynga and Netflix will flip them as people come in...
Cirrus Retraces
Following up on another chip stock on a first retrace off a heavy volume
breakout, CRUS is doing that now. Alan had mentioned this one in...
At 1:11 PM heard "Facebook Now Looking At Valuation Of $75B-$100B." Chatter has increased as the company readies for its IPO filing next week....
Another contrarian play in gold
I heard this morning that Dennis Gartman was once again "bullish of gold" (whatever that means). Though apparently he is using euros to pay...
Failure to Fall
There is so much money on the sidelines that every decline has been met
with renewed buying from those who missed the rally.
Don'...
Back to "Fast Eddie" Ponsi
And BNP Paribas, and even Santander!! Hopefully Aunt Ethel doesn't end up screaming the words of Aunt Esther (Think Sanford and Son)- calling me a...
Aunt Ethel and the Golden Cross
Excellent point by Robert on the impending Golden Cross. Please see today's article "A Rally Good Idea" on Real Money Pro for more on this Mark,...
Golden Cross
For those interested chart readers, here's the S&P chart showing the impending golden cross.
Perhaps Bernanke was alluding to European equities
When queried during his press conference regarding the punitively low rates that US savers were receiving on account of the Fed's ZIRP (zero...
IBKR - Get richer by getting Broker
I'm a buyer of Interactive Brokerage Group [IBKR] in the $15.20 range. IBKR beat estimates in their recently concluded quarter and pays a 2.6%...
RBS Bonus Controversy
Making its way out of the UK to be the talk of Davos is RBS CEO Stephen Hester's $1.5 million bonus in shares, on top of his $1.9 million salary...
European Saga
At 9:50 AM heard "Brazil Foreign Min: Ready To Help Euro Zone Via IMF, But With Conditions." As European leaders continue to try to drum up...
Speaking of HEAT...
I like the technical action here in First Solar. The stock is coming off a nice base, the last few days have shown positive volume (...
Stamps.com
Strong accumulation recently in this small-cap as it works on the right side of base. No earnings date yet, but it should be on or around Feb. 9....
Divergence very pronounced today
The weakness in the DJIA off CVX mainly stands in stark contrast to the Russell and COMPQ. Usually the more speculative stuff runs right up until...
Nothing too severe
So far markets have been dancing around yesterday's low. Each time we've hit new highs in the $SPX we create a 3-5 day floor and then move higher...
Golden Crosses and Pullbacks
After reading Robert Lang's observations this morning on the pending "golden cross" of the 50- and 200-day moving averages, I took a look at the...
Following the HEAT Again
Recently we talked about following the volume, the SINGLE BEST tell the market gives you as to money flows into stocks. One play of late was...
Urban Outfitters has recovered. Time to sell covered calls?
URBN has rebounded from a recent low under $24 to $26.75 this morning.
If you bought near the low consider selling some June $28 calls...
Baltic Dry Index
At 8:13 AM heard "Baltic Dry Index Falls 3.6 Percent To 726 Points." As the leading industrial indicator remains at very low levels.
...
Back to Brian
There will be huge macro noise in the 2012 competitor numbers. I don't see
how they'll be big tells.
Seems to me like the exodus/...
Resmed [RMD] beats - shares popping
Medical equipment maker Resmed, which specializes in sleep apnea treatment
products, posted quarterly EPS of $0.42 v. $0.37 YoY and...
COSI reports Q4 Revenue
Total Q4 revenue up 3.3% to $23.36 million. Same store sales up .9% at company owned stores, 5.3% at franchised stores. Remains an interesting...
To Allan on JC Penney
Going to have to disagree with you on JC Penney. First, we will have
metrics to guage whether JC Penney is delivering on its hype as Kohl's...
Clarification
That headline today is something, isn't it?
Please be reminded that as long as the Fed is practicing some form of buying in the market we...
Es & Nq -- 1/27/2012
Es
I would avoid adopting too strict a bias until prices are holding above 1319.50 or beneath 1308. My...
Manage positions -- a rest is good
GDP a little light and some overseas rumbles is pressuring the futures this morning. Yesterday was a great day to take some profits as we had a...
Buying E-mini 1307.50
Market pullback is just what we needed, but certainly didn't need GDP at 2.8% (expectation was 3%). Buying some E-minis here just below the 10 day...
GDP
The first thought that came to my mind when GDP came in lighter than expected was whether this is what caused the more dovish sounding Fed...
Curious data point of the day
January the cruelest month for stocks? Perhaps for Mark Twain- and US equity investors- since 1999. The mean return (pun intended) over the past...
Crossing Again
Within a matter of days the SPX 500 will experience a golden cross. Haven't seen much chatter about it but suffice to say it is generally...
Another Day
Another weak report from a for profit education company. Devry (DV)
reported a 90% drop in net income and declining enrollments. total...
Economy Will Surprise in 2012
The economy grew less than expected in Q4 at 2.8%. Why is this figure less than stellar? Because economist had forecast 3% growth during the...
Good Growth at INVN
Recent new issue InvenSense (INVN), with a market cap of $1 billion, reported strong earnings and sales growth last night with earnings up 117%...
JC Penney (JCP)
Thursday's increased guidance for JC Penney (JCP) comes with a funny smell, for several reasons.
The new CEO Ron Johnson, formerly of the...
Disclosure from previous post
I am long shares of TGT, KSS and WAG.
Turn Penneys into Dollars by trading out...
See my feature article on why I would be a seller of JCP.
Discount retailers Kohl's [KSS] and Target [TGT] look healthier, have
...
David Peltier: JC Penney
Who would have ever thought this giant, four-walled box that has
epitomized a boring place to shop for as long as we have been on the
...Traders Take Profits, but Some Winners Prevail
Stocks slid on Thursday, hit with some profit-taking, led by financials, energy and telecom stocks. On the other hand, investors continued to pour...
A What's Up to Paul Price
Kohl's I think is getting hit today off the JC Penney news. JC
Penney's guidance implies it's going to be stealing some nice share
...
Two bargains with no news today...
Both Dolby [DLB], my featured write-up from this morning, and Kohl's [KSS]
are down over 2.5% for the day with no news to account for the...
Fight your emotions...
Yesterday afternoon and early today almost everyone was chomping to 'get long' and increase market exposure at prices near 8-month highs.
...
Banks
At the risk of mushing my negative view of the banks I would note that they do in fact look like a failure up there at 44 on the BKX. Now watch...
David Malpass in today's WSJ
Anyone with a copy of today's Wall Street Journal should head over to the Op-Ed section and read Dave Malpass's article on the perils of distorted...
Giddiness Brings out Sellers
Some giddiness and excitement always brings out sellers!
Combine that with what I call a "push thru failure" had me clean up some...
The Run from Under Armour
One really has to be in tune with the Under Armour story to understand why the stock is selling off today on the earnings news. It's not that the...
Update on Positions
Out of NFLX weekly call spread at 7.45 (in at 3.2) Out of SNDK Mar 50 call at 1.45 (in at 3.4) Still in POT Feb 45 (considering rolling to Mar)...
POT - Another pre-market buy below the day's low
For the second time this week I was able to buy shares I liked at a price below the official low for the day so far. POT was sold off early but...
Riverbed Ahead of Earnings
Networking equipment names continue to trade well, including Riverbed Technology (RVBD) ahead of its earnings report after the close today....
The indirect way to play commodities...
With all forms of real assets surging due to worldwide money printing, it makes sense to me to be playing the commodity trading exchanges - CME...
Es & Nq Outlook -- 1/26/2012
Es
Equity futures have rebounded from their early-morning dip beneath 1318 (around 3:30 a.m. EST) and are currently...
Callaway (Timber)Lake Effect
There were no real surprises in Callaway's earnings release yesterday. The company exceeded revenue estimates by $1 million, and missed earnings...





