Monthly Archives: November 2010

Learning what not to buy from BAC’s slow death

You can see how all of the shorter term moving averages all crossed down in April and that signaled the mortgage problems ahead.  It is too late to short until it has a fresh high volume break down through 11 … Continue reading

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And is LULU is done resting?

Time for her to get going after a nice rest, then again yoga is supposed to be relaxing I suppose.

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Will financials lead us out of this messy range?

They are starting to stop going down (at least for today).  Will signal a turnaround?  A break of the downtrend?  it seems like the bad news should be “out” by now (i.e. mortgages)

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Why you always have to be willing to buy back a name sold the day before

APKT had a classic shakeout yesterday, it worked on me for sure.  They hit the stops below the 5 day SMA and then they sent her up today.  This is a very strong stock to say the least.  You don’t … Continue reading

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BAC has downside follow through on verge of major breakdown

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There is just no downside follow through

This thing just can’t seem to go down in the short term, so I added a little basket of charts on the long side that look good for a 50% exposure assuming the SPX can hold that 1191 levelish.  Two … Continue reading

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Caution from 200 week breakout failure at SPX 1191

Simply watching the 200-week simple moving average can save you a lot of pain (above the dashed red line long, below it short or neutral).  Last week we zoomed above it for the first time since June 2008 with Dr. … Continue reading

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