Research In Motion Chart – Resistance…if overcome looks good higher
critical point for RIMM here. aside fromthe takeover speculation talk note the resistance area here at the blue line and the 50 day moving average (yellow line). if it can hold above this $30 should come up soon and then we get into the gap fill area (gray zone)
Anemic Jobs Growth – Chart
note the anemic jobs recovery compared to the sharp drop-off in jobs during the 2008-2009 period.
Wynn Casinos Short-Side Opportunity
The stock of luxury casino operator Wynn Resorts Ltd. (NASDAQ: WYNN) has seen some volatile swings over the past two months. After staging an impressive rally into mid July the stock ran out of steam in a big way as it traded lower with the rest of the market. Looking beyond the financials of […]
Shorting the Technology Sector ETF
The technology sector as measured by the SPDR Technology ETF (ARCA:XLK) may have reached some meaningful resistance over the past few days. After rallying more than 100% off the early 2009 bottom to its recent highs in February this exchange traded fund proceeded to break that multiyear uptrend in early August. Year to date […]
Three stocks to avoid when the Government reins in spending
Defense stocks have already fallen hard in the two weeks (plus) since the debt deal from August 1st announced $350 billion in defense spending cuts. Obvious stocks to come under pressure by this announcement are Northrop Grumman Corp (NYSE: NOC) and Boeing Co (NYSE: BA). But while defense spending cuts could climb up to $1 trillion […]
Research In Motion Gap-Fill Potential Still Valid
Research in Motion (NASDAQ: RIMM), the famed maker of Blackberry devices on Monday August 15 received a nice boost from the market gods and rallied 10.40% for the day. The culprit? Google! On August 15th Google (NASDAQ:GOOG) announced its acquisition of Motorola Mobility (NYSE: MMI), which they paid a 63% premium for. Why? It’s all […]
What’s The Future For The Swiss Franc?
Today`s Morning Market Video Is Ready To Watch Here:
http://steadytrader.wpengine.com/video-2/video-july-2011/
Caterpillar Offering Decent Risk/Reward For Longs Here
Caterpillar Inc. (NYSE: CAT) famous for its yellow construction equipment announced second quarter earnings last week that led to a roughly 5% sell-off in the stock last Friday, July 21. Equipment sales in Asia and Latin America were solid but higher input costs (steel and other raw materials) weighted on the bottom line. And […]
Today’s Morning Market Video Is Ready To Watch Here:
http://steadytrader.wpengine.com/video-2/video-july-2011/