3 Blue Chips on Technically Thin Ground
The Dow Jones Industrial Average Index is up by a little more than 12% year to date and still very close to the all-time highs set back on April 11th at 14’887.50. As such, I thought it’s time to scan the index for components that are sitting on thin support, which if broken could lead […]
Akamai Technologies’ Persistent Weakness
Computer software firm Akamai technologies Inc (AKAM) thanks to its underperformance year to date has arrive at a critical point on the charts. Most broader U.S. and European equity indices remain at or well above their up-trend lines from last summer. The stock price of Akamai technologies Inc (AKAM) however broke said up-trend long ago and […]
Gold, awaiting price confirmation
On February 21st I discussed here ( http://investorplace.com/2013/02/dont-chase-gold-further-into-the-hole-not-yet-anyway/ ) that risk/reward was unfavorable for those looking to chase gold lower at the time. Since then gold has indeed refused to go lower and even bounced a little higher. Now, some 5 1/2 weeks later I am looking at gold in the greater context as it relates […]
Visa Topples Off An All-Time High
Visa Inc. (V), the operator of a retail electronic payments network (credit cards and more) rose sharply in recent years, and found a particularly steady bid since the summer of 2011. The prospects of increased consumer spending, credit growth, and an all around improving economy blasted the stock higher to the tune of roughly 165% […]
Market Outlook Friday August 2nd
Before I start today’s morning missive, allow me to once again thank Sam Collins for allowing me to pitch in over the past two weeks. It has been both a pleasure and an honor to share my daily morning thoughts with his loyal audience. If you have questions about my approach to trading the markets, […]
Goldman Sachs Dancing On Crucial Technical Support
With just about one week to go until earnings season for the second quarter of 2013 is upon us, I am making a list of stocks that I want to follow closely for potential clues to broader market reaction once the earnings hit the tape. Front and center on that list is Goldman Sachs (GS), […]
Will this month of May again rhyme?
As we enter the month of May, the S&P 500 has rallied a stellar 12% year to date, and a little over 14% since the important low in November 2012. Given the relentlessness of the rally in stocks, more than a few bears have likely lost their shirts as the improbable became reality. I often […]
A Slippery Spot For Oil
Partly due to the rising dollar, commodity prices have come under pressure in recent weeks. Among them the price of oil too has pulled back and with it has just about erased half of its rally off the December lows. The bull case is that lower fuel costs will help the economy. The bears however […]
Fresh All-Time Highs for the Dow and S&P 500 soon?
Both the Dow Jones Industrial Average and the S&P 500 remain solidly in the positive column for 2013; the benchmark indices year to date are higher by a little more than 7.00% and 6.00% respectively. Moreover, both indices are within arm’s length of re-testing and possibly shooting past their all-time highs set back in October […]
NCR; Short-Side Opportunity With Defined Risk
NCR Corporation (NCR), the manufacturer of ATM machines, self-checkout and self-service kiosks and more has had an impressive run this year as the stock is up 50% to date. The stock, which trades in rather volatile swings, gained a quick 20% from November 16th to December 7th as word got out that the company is […]