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MACD bearish hidden divergence along with the CCI zero line rejection (historically) takes the price down a few hundred pips. The price is also at the top of the bear flag on the daily.This daily chart meets both criteria for a sell off.Not to mention a 4 hour 78.6 test. (Although, I must...
Bye Bye Buy List!
Oh, I have tried! I have tried to be bullish, I have tried to get enthusiastic about this rally but I have been reviewing these picks for a few days and looking at the market, the charts, the sentiment, reading the news and studying the fundamentals and I’m OUT! Oh, I’ll be back, we’ll set up a...
Citi-Bull Sheds Just Under a Quarter Million Put Options
Today’s tickers: C, ERTS, ATVI, DNDN, HIG, DD, RCL, SFD & AMR C - Citigroup, Inc. – One investor established a mammoth bullish stance on Citigroup in the first 20 minutes of the current trading session. Citigroup’s shares at the time of the transaction were trading at approximately $4.05, but...
Amerilithium Corp. - AMEL.OB - Running Low On Power
Amerilithium Corp. (OTC:AMEL) is one strange company. Having no recorded capital they managed to pay for stock promotion and buy a couple mineral claims. The CEO must be really persuasive to have pulled off a half a million deal with no cash in the bank. What they paid for stock promotion were a...
The Oxen Report: Jobless Claims Drop Only Slightly and Miss Estimates, Will It Weigh on Market?
Yesterday, we got into an Overnight Trade of the Day in New York & Co. (NWY) at 4.34. We are looking to sell this Trade right away this morning within minutes of opening. The company reported an EPS right in line with what analysts had been expecting, which was not exactly what I had expected....
Free Money Thursday - 130 S&P New Highs Can’t Be Wrong!
130 S&P 500 companies hit 52-week highs yesterday. Things must be even better than I thought in yesterday’s post and there has been a conga line of pom-pom waving analysts on CNBC this morning telling us how UNDER valued everything is because we just don’t see the BIG PICTURE. As Bespoke notes...
Senator Dodd Says His Reform Bill Won’t Stop the Next Crisis from Coming
by John Bougearel author of Riding the Storm Out: What Do Investors Do Now? I can’t believe that Dodd just said “this legislation won’t stop the next crisis from coming” What a total jackass Dodd has been and always will be! Jon Stewart retort to Dodd: “You can’t short your own reform...
Ford Rally Fuels Bullish Options Activity
Today’s tickers: F, EEM, DELL, UPS, IYR, JACK, WFC, CLX, SKX & LNC F - Ford Motor Co. – The automobile manufacturer’s shares are once again trading at a new 52-week high after rallying 4.00% today to $14.02. Upward movement in the price of the underlying stock inspired bullish options trading...
Overnight Trade: This One is in the Bag!
I love my clever title for this post. Today, we are going back into the retail sector again to look to make some money. Yesterday, retail was good to us with a pick up of Rue21 Inc. (RUE). Our Buy Pick of the Day was good for 3% as we got in at the beginning of the day at 33.30. The stock...
Gruesome Headline: Coal Beats Solar as Analysts Favor Peabody Amid Shrinking Green Subsidies
From Bloomberg: Wall Street’s contribution to the debate on how to curb global warming: Buy coal, sell solar. While investors including T. Boone Pickens and Warren Buffett are pushing cash into green technologies, the tilt toward Peabody and away from First Solar is the widest in two years. It...
Wednesday - World Wide Rally Worries Bears
17-Month Highs! Those are the kind of numbers we’re putting up in Europe and Asia and the US is not too far behind, climbing the steep wall that was September of 2008 to race back to those all-time high valuations for pretty much any stock - Banks, Builders, Oil Companies, Miners, Manufacturers,...
7 Reasons Why You Should Be Bullish
If you have not been bullish over the past several weeks, than you’re likely not a technical trader. The market will always throw reasons to be cautious at us, but we’ve had many strong buying signals thrown at us. Sometimes there are good reasons to be cautious. Other times to use the term is...
UnitedHealth Bulls Have a Fever – the Only Prescription is More Call Options
Today’s tickers: UNH, BZH, WFC, GE, XLB, WMT, BAC, COF, HOG, ETFC & STJ UNH - UnitedHealth Group, Inc. – Health and well-being company, UnitedHealth Group, commenced the trading session in the red after Goldman Sachs Group removed the firm from its ‘Conviction Buy List’. However, UNH is still...
Should pinksheets prepare to welcome Artfest International, Inc. ARTS.OB
Artfest International (OTC:ARTS) is not yet a pink sheet company, but at the current rates of rolling down, I’m pretty sure we will have to assemble a welcome committee pretty soon. As depicted by our friends on HotStocked, this one is going through some tough times and their press releases are...
The Oxen Report: Awaiting Fed Decision, Where Will Market Move?
Hope everyone had a great weekend. We are looking forward to another great week with The Oxen Report. We start off today with what should be a pretty neutral day in the markets. In pre-market, we got some good news out of the housing sector, which has not been releasing much in the way of...
