Tesla Stock’s Waning Upside Momentum
Designer and manufacturer of high-performance electric vehicles, Tesla Motors, Inc. (TSLA) has stood on center stage for the momentum and trend-following investor crowd since at least May when the stock began a vertical incline. Ever since then, those looking to short the stock had to do so on an intra-day basis or the very next […]
Would a 5% – 10% Correction Really Be So Terrible?
As trading action has slowed down thus far in August, I took some time yesterday afternoon to reflect back on the year to date price action in US stocks. The nothing short of pristine upside price action has led to both a sense of complacency on the part of the bulls and fear that even […]
Priceline.com, A Monster Rally Needs A Breather
The stock price of online shopping, name your price company Priceline.com Incorporated (PCLN) has displayed some wild swings over the past almost decade and a half. The stock peaked-out at $990 in April 1999, and last Friday August 9th, some thirteen years later the stock finally re-tested, actually marginally surpassed, the $990 level. Of course […]
Market Outlook Thursday August 1st
Welcome to a fresh month, the eight month of the year, also known as snoozy August. To be clear, when I say ‘snoozy’ in this case I don’t mean uneventful, but rather ‘choppy in wide ranges, on lower volume.’ Before analyzing yesterday’s dump in to the close, here are the numbers for the month of […]
Bonds, The Slide May Have Just Begun
As we are in the midst of a huge week of economic data and central bank interest rate announcements, I thought it would be an appropriate time to look at bonds through the lens of a stock market like technical analysis. I say stock market like analysis as I am not looking at steepening/flattening of […]
Facebook, Back At Its IPO Price
The last time I penned my thoughts on Facebook Inc (FB) it was May 17th and the stock was trading around the $26th dollar mark. That day I titled my technical note ‘Facebook Stock Is In No-Man’s Land’ (http://investorplace.com/2013/05/facebook-stock-is-in-no-mans-land/) as the stock continued to trade well within the confines of a bull-flag type formation. I […]
Market Outlook Wednesday July 30th
After another yawner of a trading session yesterday, Tuesday July 30th, today we enter the last day of the month and the first of three central bank rate decisions this week. The FOMC announcement isn’t scheduled to hit the wire until 2PM ET, which means until then the snooze fest is likely to continue. For […]
Don’t Chase The Transports
Those that follow the Dow Theory look to the transportation group as a leading indicator. The logic follows that an uptick in economic growth should first be seen by the transportation stocks as materials being ordered first need to be transported before they can be turned into products. Over the past decades, as the US […]
Market Outlook Tuesday July 30th
To no great surprise in these parts, yesterday’s action in the broader US stock indices was lackluster. Those traders that actually made an effort to lug themselves to the office likely squared a few more positions here and there ahead of the huge economic data and corporate earnings week ahead. In other words, a week […]
Equifax Inc Staging A Notable Breakout
Technology services company, Equifax Inc. (EFX) is one trendy company. And by trendy in this case I am referring to the stock’s stellar up-trend that dates back to October 2011. After a good run off its 2009 lows, the stock chopped back and forth until in February 2012 it gained enough momentum to blast past […]