Qihoo’s Vertical Rally Continues
Chinese internet security software firm Qihoo 360 Technology Co. Ltd. (QIHU) had a choppy stock price for the first two years as a publicly traded company. After the March 2011 initial public offering (IPO) the stock dropped for a few months and then began to settle into a percentage-wise wide, but very defined trading range […]
How High Will Gold Bounce?
As gold continues its bounce off the late June lows, some investors are scratching their heads. With at the margin improving economic data both in the US and Europe and notably rising bond yields, shouldn’t the trajectory or gold be lower given that it is not a big fan of economic growth? While the simple […]
Semiconductor Stocks Feeling Heavy
Semiconductor stocks, given their early cyclical nature are a bunch that I watch closely for clues to the broader tape. After a major drop in the early part of the century thanks to the pop of the internet bubble and the commoditization of computer chips, semiconductor stocks as a group had a much more random […]
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 […]