Today’s Morning Market Video Is Uploaded And Ready To Watch
http://steadytrader.wpengine.com/video-2/video-june-2011/
Buffalo Wild Wings Shorting Opportunity
Chicken wings, just about every Sunday afternoon sports enthusiast loves them and according to some surveys not many places make them better than Buffalo Wild Wings (BWLD). Longer term this stock seems to be a further growth story as the company plans to open about 100 new restaurants in 2011. Short term however there […]
Yahoo (YHOO) At Critical Support Level
Yahoo’s (YHOO) share price took a serious beating since early May as the company got caught up in one of the many business shenanigans in China that broke news as of late. The issue in specific was that the successful Internet entrepreneur and stakeholder in Alibaba, Jack Ma, secretly transferred Alibaba’s online payment service […]
How Is Pandora Holding Up?
nice one bankers! take your IPO fees and flee the scene of the crime…. well, market making will make money too
Dollar Looking Solid
after putting in higher low in the early part of June the dollar index rallied well above the 50 sma yesterday. A break out of this wedge here could lead us significantly higher.
Home Depot Long-side Setup
Fundamentally speaking I hear that Home Depot and Lowe’s stores are jam packed as folks are dong up their homes. It’s not clear what the reasons are for the sudden home improvement spurt. Is it a) people doing up their homes because they feel better about their financial future and hence a positive sign […]
Expedia (EXPE) Looking Solid
Expedia, Inc. (EXPE) came on my radar this morning as I detected a bullish flag formation that seems to want to break higher. I often keep an eye on this stock as historically it has traded well technically and showed decent respect to its 50 and 200 day moving averages. The firm owns expedia.com, hotels.com, […]
Coffee retailers like SBUX and GMCR looking weak
you know the chart of SBUX, but here's GMCR…looking weak. Coffee prices are on the rise, not helping those two retailers.
200 Day Moving Averages As Magnets
Materials (XLB), XLI, XLK, XLY SPY it's a reference level for now but let's not take those levels too seriously semiconductors as measured by the sox…near 200 dma XLV, XLP, XLU, XLE far away from 200 dma
Visa…
key resistance mark around $81 broke out of narrowing trading range last earnings announcement 5/5 paid 15c divident on may 18 as discussed previously here: