Category Archives: Uncategorized
1. If you are a Facebook user, would you trust “Hacker” as an address?
2. I’ll give you the latest on Paulina Gretsky, daughter of hockey great Wayne, but you have to look for the rest on your own.
3. Alec Baldwin gets booted off airline seat; he responds by saying that American Airlines’ attendants look like retired Catholic gym teachers.
4. Dog rescues bag of kittens left on roadside.
5. NSFW (but classy): The 2012 Pirelli calendar, shot by Mario Sorrenti.
1. George Will says Herman Cain used campaign to promote book.
2. Eight Ferraris, 3 Mercedes and a Lamborghini in a Japanese highway crash.
3. Tiger wins for first time in 2 years.
4. With the discovery of 18 more planets, the number of known alien worlds now exceeds 700.
5. Madonna will perform at Super Bowl.
Many commodity-related ETFs have not been participating in the recent rally in equities. You can look up charts of JO (coffee), GRU (grains) and SGG (sugar) yourselves. Below I present the weekly chart of BAL, which I found to be the most interesting. It is much clearer to see on the daily chart, but BAL broke down through support at the horizontal line and has rebounded meekly to what is now resistance. . This breakdown would normally suggest that BAL will visit that sloping line you see in the chart. However, I wonder if that was a false move down. According to the seasonality study in The PPT, BAL has gone up in December three out of four times for an average gain of 7.4%.
1. Lady Gaga gets nude in her “Marry the Night” video. Personally speaking, I don’t like the song.
2. Herman Cain’s lawyer comes on to Piers Morgan’s show not to talk about Cain’s private matters.
3. Watch this replay of Seahawks running back Marshawn Lynch and you will know what “beast mode” means.
4. 176 cars involved in Tennessee crash.
5. There is a lesson in product placement somewhere in this picture.
I have a screen that shows me stocks trading 1.5 times over their 50-day averages. It is a bad habit from the old days when I used to short stocks that occupied that space. INHX has been on this screen for a while. Something inside me told me I should buy it, but my mean regression alter ego told to stay away. I shoulda bot. The low on this stock is 18 cents. It closed today at 14.60. No splits, reverse or otherwise
I can’t follow the 3,000-plus stocks I follow during the day, so some decent ideas have to wait until I review my charts at night. The daily chart below of JKS caught my attention tonight. It has the Herman Cain pattern, an unfilled gap at 7.71 (it closed today at 6.08) and a double bottomish thing going on. I would go small and put a stop at either today’s low (5.28) or at the trend line. If it gets over 9.90 or so on good volume, 13.40 could happen. I have no position in this, so don’t bug me for opinions if you buy.
DVR received some interest today in 12631. The daily chart below shows a classic Herman Cain pattern. I named that pattern after the godfather of pizza after a story that came out a few weeks ago about he allegedly tried to pull a woman’s head to his groin area. Anyway, notice how the head (stock price) gets pulled down, tries to object by raising said head, then gets pulled back down before the final spurt higher. Lesson: if you buy the first trend break, don’t panic if the stock goes back to the crotch.
Or maybe 20. I might have missed one or two small ones, but I see 20 gaps in the daily SPY chart in the past six months. I don’t know what the record is for gaps in a six-month period, but this seems like quite a large number. All of these gaps have been filled except for the ones I am about to mention. The gaps from today and Monday have not yet been filled. The gap from November 21 hasn’t been filled in the classic sense because today’s gap open leapfrogged that hole. Finally, the gaps from July 8 and July 27, around SPY 135 and 134, haven’t yet been filled. Bulls and bears are going to fight it out to see which gaps get filled first.
The market has given us two monster gap higher opens in a row. Those who have been short the last couple of days surely must be feeling as though pistol-whipped. Meanwhile, short-term traders who came into today long must have itchy fingers, ready to hit that sell button to lock in profits. Look at the daily chart of the SPX below. There are two descending lines. The shorter, steeper line is where I’m guessing those itchy fingers will start going to the button. If the market gets over the longer line, bears will probably flip the panic switch.
1. Brian Williams proves in last night’s broadcast that the news never stops.
2. Ricky Martin to play hot Spanish teacher in Glee episode.
3. Speaking of Ricky, Rick Perry flubs up on voting age and election date.
4. Page 23, an interesting short film about the life of models inside an IKEA catalogue.
5. I wish I knew why the girl with the pink thong started this fight in Atlantic City.