New Position $NKE
I took a position in $NKE today at $97.41. The stock moved extensively on the heels of Stifel Nicolaus reiterating its “BUY” rating sighting increased demand for the back to school season. Technically, the stock has...
Read MoreAuthor: Ryan Mallory
Fuinhaz $SPY afternoon update for August 28, 2012
$SPY stuck in the 141.50s level. Holding most of the names I follow hostage, and not moving either way. I spent the day scanning and watching for names to break up or down. I did missed an awesome trade in $MON and $CNX....
Read More16 Defensive Stock Plays to Weather Market Uncertainty
The market continues to struggle to break and close above the 1422 highs on the S&P 500 established back in April. As a result, there’s reason for some concern, and if the bulls continue to squander the opportunity,...
Read MoreLazy Trade Long & Short: TRI & RHI
SPX continues to chop around, appearing like it doesn’t want to do anything until that Jackson Hole speech on Friday. If that’s the case, we’ve got a fairly boring week ahead of us. Here’s today’s...
Read MoreFuinhaz $SPY morning update for August 28, 2012
$SPY in a very tight range. Flirted with breaking the 141.54 level. tried it and failed. Market is clearly waiting for new out of Jackson Hole, so we may be in for some side way action in the next days. We need a catalyst, and...
Read MoreFuinhaz $SPY read for August 28, 2012
$SPY opening lower, but still following what i wrote yesterday regarding the invert head and shoulder pattern I detected on a 15 min. chart. I think that if we bounce from the open, we will most likely make a new high today, or...
Read MoreTrading Plan for August 28, 2012
Pre-market update (updated 8:30am eastern): European markets are trading -0.4% lower. Asian markets were mixed in their trading. US futures are flat ahead of the bell. Economic reports due out (all times are eastern):...
Read MorePercentage of Stocks Above 20-50-200-Day Moving Averages
The three Daily charts below show the Percentage of Stocks Above their 20-50-200 Day Moving Averages. At the moment, they are all above 50%.In the event that the 6 Major Indices and 9 Major Sectorsdrop and hold below their...
Read MoreEvening Tape August 27
The Chart of the Day… I’ve been following Copper lately as a gauge on the market’s health – this chart shows a decisively bearish divergence. From SocialTrade.com Quick Glance at the Market Heat Map and...
Read MoreFuinhaz $SPY afternoon update for August 27, 2012
$SPY setting up for a possible gap down, followed by a strong break out tomorrow. That will mostly happen if we finish just below the 141.56 level. So far I have been noticing a lot of range bound action, but on a 15 min chart,...
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