Yahoo (YHOO) On Verge Of Multi-Year Breakout?
There's not much more to say here than: look at this chart! Multi-year resistance in YHOO is at $19 and this time it sure looks like YHOO is serious about breaking above this level. While very near-term this stock could be extended, if looked at with at least a couple months of time-frame I think […]
If A Medium Term Market Top Is Near – Sell Calls
One of our core strategies for Bucket 3 (the longer-term holding portion of the portfolio) is to sell calls on stocks right after they had a large one day sell-off of at least 10%. The strategy is described in our Trading Plan. Often when the stock market as a whole gets overextended we choose […]
INTEL (INTC) Better Entry Level
After the huge move up since its earnigns announcement on April 19th, INTC is now coming into more attractive long-side entry levels as it's pulling back to near the mid $22s. From the weekly chart below you can see the multiyear narrowing trading range (light blue dotted lines), which could serve as an area of […]
Keep In Mind: S&P Futures Gap Below
I haven't heard many people point this out so here it is. Support levels on the S&p 500 indey are $1330, $1320, and $1313. The $1313 level is the bottom of an up open gap from April 20. We are watching this level as potential support. Should it fail, next stop/support area would be […]
Was Friday’s Jobs Number Equity Positive Or Negative?
Last Friday's non-farm payroll numbers came in much better than anticipated by the street crowd. +244,000 was the big number, led by private sector hiring. 9% unemployment. So now the question front and center in my cranium is whether this number will be looked at as equity positive or negative. Friday's risk reaction was more […]