Submitted By Trader Mark
Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was Ctrip.com (CTRP). Unlike EJ, the stock gapped up after earnings and tacked on a bushel of points. Today the stock has come back and filled it's "gap" in...
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Submitted By Trader Mark
Hat tip to Paul Kedrosky for this eye opening chart. The source data can be found here but as they say a picture is worth a thousand words; clearly there is a localized depression in the metro Detroit area.
[click to enlarge]...
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Submitted By Trader Mark
Below is a guest post, reprinted with permission of author Vitaliy Katsenelson who writes often at Minyanville.com. I don't have as much time to read the site as I used to, but he is definitely one of the more thought provoking writers at the site.
If you are new to FMMF, I wanted to...
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Submitted By Trader Mark
All eyes microchips seem pointed at S&P 1100. As we wrote Monday during the morning surge:
I hate to use the word "resistance" anymore since all resistance has been futile so maybe we'll use "resting point" from now on. I'll start looking at the next "resting point" for the...
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Submitted By Trader Mark
I emailed the the originator of this list, Eddy Elfenbein of Crossing Wall Street, to see what his parameters for "Top Stocks of the Decade" were and there was but one:
The universe was any stock traded on a US exchange that had a price of at least 50 cents on 12/31/99. ...
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 Submitted By Gary Tanashian
Here is what it means... Basically this ratio had better find support right here at the SMA 50 or I am going to once again cover the silver short in ignominy and let gold and silver miners ride naked and free...
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Submitted By Trader Mark
I see a lot of extended charts out there as we move into what seems like day 82 of consecutive upside, along with some bond fide breakouts. While we should only be so lucky to catch another Potash (POT), one chart that caught my eye last night was Freeport McMoran Copper & Gold (FCX)...
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Submitted By Trader Mark
Much like Hugh Hendry, I can watch to Marc Faber videos all day even if I did not agree with a thing either fellow said. They just have an entertaining spectacle about them. Hence we must devote 1 post a month to Mr...
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Submitted By Trader Mark
Just something to keep your eye on as your politicians promise you that the US will be the world leader in green tech jobs. In fact they will have to layer countless more debt on your children and grandchildren for temporary "green jobs" jobs, to make this mirage come true - for a...
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Submitted By Gary Tanashian
In 1999, the price of gold bottomed after having ridden the post-Volcker era down along with treasury yields. This was due to the sound policies the former Fed chief rammed home and the confidence that ensued.
Enter the Maestro, Greenspan, who inherited the benefits of this sound policy and used...
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Submitted By Gary Tanashian
You know, I sit here and twittle my charts and bitch about this and that, but there are some real heavy weights out there who really know how to get to the point, whether written or spoken. Like Karl Denninger for example, flipping the bird to China in this open letter...
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Submitted By Trader Mark
It's that time of quarter - when the whales of investing have to reveal what they are doing on the long side to the SEC (they can still keep secret their shorts). There are a lot of websites that will be looking at these disclosures in the next 48 hours so we'll just focus on a few. ...
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Submitted By Trader Mark
We continue to live in a student body left trading environment; the same since summer 2008. Trying to short anything is just about as fruitless now as going long anything for much of latter 2008 and early 2009. It's like stealing candy from a baby... except you are the baby. Long...
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Submitted By Trader Mark
Let me preface this post with the normal caveats. The world is not perfect in China. There are many challenges in China. There are many differences between China and the US.
That said, an interesting piece in Time magazine titled: "5 Things America Can Learn from China" - most of...
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Submitted By Trader Mark
Obviously this market continues to run over shorts; I cannot fathom that just two weeks ago as we entered Halloween weekend the market was breaking down, the 50 day moving average punctured, a long term trend line from the March lows to October lows had been penetrated, and we were coming off 5-6...
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