Submitted By Trader Mark
Wow, one of my long term limit buy orders finally hit out of the blue... unfortunately it reports earnings next week so we'll have to keep a close eye on it. The name is Fuel Systems Solutions (FSYS) - this was a big winner for us in 1st half 2008. Basically natural gas engines, much of...
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Submitted By Trader Mark
More transactions today than in most fortnights... see previous post for a slew of updates.
So where do we stand? We filled the gap at S&P 1058 and then broke all the way down to (near) the 50 day moving average. I expected a cursory bounce, wasn't sure if it would be at the gap or...
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Submitted By Trader Mark
With this selloff, some names are finally coming into play - however, some of them are not just pulling back into support but breaking down, so it's a tricky area. While the large cap indexes have been holding up - the Russell 2000 (and Wilshire 5000) which has the smaller and middle cap type...
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 Submitted By Gary Tanashian
Here is an updated look at the VIX and its megaphone AKA reverse symmetrical triangle (reversal) pattern...
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Submitted By Trader Mark
As we mentioned yesterday morning a reader had pointed out a small gap at S&P 1058; so on that blip up in the morning to 1070 area we decided to buy some hedges - [Another Small Gap in the S&P 500 Below 1060]
A reader pointed out a small gap I somehow missed in the S&P 500 just...
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Submitted By Trader Mark
The Wall Street Journal reports of ne.wsj.com/article/SB125668489932511683.html?mod=WSJ_hpp_LEFTWhatsNewsCollection">a new round of bailouts for GMAC. If you are not familiar on how the full Ponzi scheme economy is working, I touched on this in a June piece (this was well before Cash for...
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Submitted By Trader Mark
Some great news for investors who can only buy domestic based product; after the successful launch of Van Eck Global Brazil Small Cap [Jun 2, 2009: Market Vectors Brazil Small Cap (BRF) - a New ETF for Exposure to Brazil] earlier this year, a similar product is now slated for India. I am...
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Submitted By Trader Mark
Pardon my constant discussion of things like "company fundamentals" and "business outlook". I do realize all the stock market is about is predicting the current algorithmic assumptions over the next 1/400th of a second, cross referenced by the action in the US dollar. Everything else is...
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Submitted By Gary Tanashian
Here is a short excerpt from NFTRH56, dated October 25, 2009. This is the 'Wrap Up' section that concludes the analysis portion of each NFTRH.
We come toward the end of another report that cannot tell you exactly when things are going to change, even as I remain confident that the dynamics of...
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Submitted By Trader Mark
Despite a 73% increase in the Bovespa this year and the country raising taxes to try to keep out an avalanche of Western central bank liquidity [Oct 20, 2009: Ben Bernanke's Money Printing Parade Forces Brazil to Slap a Tax on Outside Investors], Goldman Sachs still says the shares are cheap. ...
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Submitted By Trader Mark
There have been many things that one could describe as "remarkable" the past 2 years... I've lost count. But for the technical crowd one thing I read over and over is how astounded people are by the reversals we have been seeing once any support is broken. If you live on a grassy knoll,...
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Submitted By Trader Mark
These words from Morgan Stanley's chief European equity analyst, Teun Draaisma are particularly interesting as we (the collective) sit awash in a world of government intervention and central bank liquidity, while ignoring the fact it is not endless. Fascinating chart below as well.
If you...
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Submitted By Trader Mark
I personally think it is pathetic the entire market, with all these trillions of dollars, sophisticated computer systems, and PhDs galore has become nothing more than a 1st grade math equation
dollar up = everything down
dollar down = everything up
but this is the monster we've created... thanks...
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Submitted By Trader Mark
Fascinating session - I am enjoying this massive cash hoard as this action unfolds.
Last Thursday, we cut back E-House Holdings (EJ) by 60% as it triggered a stop loss in the $20.30s and broke support, under the 50 day moving average. This took us down from a 1.6% exposure to 0.6%. The...
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Submitted By The Correct Call
Saba Software Inc. (SABA)
10/23/2009 Closing Price: $4.23
Wall Street’s 1 year price target: $6.13
We believe SABA could possibly double in price within the next 12-to-24 months. Saba is the premier global provider of strategic human capital management (HCM) software and services. Saba ’s...
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