iBankCoin
Joined Nov 11, 2007
1,458 Blog Posts

Tribute to the Electoral Candidates in Charts

I am proud to present a most fitting tribute to our Electoral Candidates: Your Name in Charts!

From the least popular candidate to the most popular, we have…

RAVN: Cuervoslaugh

For iBC’s very own Laughing Crow, I present to you [[RAVN]]. Cuervoslaugh decided it would be “too cool” to name himself after a popular Tequila and instead opted for a shit-eating black bird.

MAD: Hattery

For Hattery, I offer you [[MAD]]. I would have preferred a stock named [[ASS]], but alas, Cramer has trademarked the name for his next venture.

CQB

Lets throw Leonard the Monkey a bone, I mean bananna, with [[CQB]]. Sorry Leonard, its better than [[PSS]].

THC: Green Writer

For Green Writer, (who I actually voted for on one of my computers either at work or home), iBC proudly sponsors the smoker of trees by putting his name in [[THC]].

CTRN: DPeezy

DPeezy ran a good race, but was unfortunately caught peeing in his pool, by Boca. May his good name and great blogging be forever honored by [[CTRN]], a plus-sized clothing and bling operator which is commonly located in urban strip malls.

BEAV: BEAS

As we get to the Runner Up of the elections, let the name of BEAS be forever remembered by his pussin’ out, in the midst of almost overwhelming voter support, by the appropriate ticker: [[BEAV]].

WOOF: Alphadawg

And our winner, and now fellow tabbed colleague, Alphadawg, keeper of all thing PnF; the man that is well on his way “over the hill,” must for posterity be ever remembered by his spiritual guide, [[WOOF]].

Congratulations to all the candidates!

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Industry Technicals: Aerospace and Defense Breakouts and Bases

The Aerospace and Defense sector has been relatively hot, gaining 4.6% over the past month. Here are my favorite stocks from the sector. Most are breaking out, or have formed bases and look as if they may attempt a breakout in the near future. They are in order of greatest volume to least volume.

HON

[[HON]] My guess is this explodes when it finally clears this range.

LMT

[[LMT]] Nice base.

GD

[[GD]] Possible cup with handle forming.

DRS

[[DRS]] Looks like a pullback to the pivot point my be in order here.

SWHC

[[SWHC]] This one has been beaten badly, but might be a good pick when mass food shortages cause everyone the world over to have to protect themselves from cannibals.

ORB

[[ORB]] Another nice flag after a breakout.

TDY

[[TDY]] Is the this the “Water Pik” company? My mom used to make me clean my teeth with that. It would make my gums bleed.

ESL

[[ESL]] Another very pretty chart.

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A Quick Look at the Dow Jones

Dow Jones

Its hard to not be bullish, when looking at this Dow Jones chart. The index has decisively closed above its downtrend line, and breaking firmly through the 200 day average looks looks easy now.

By almost any short-term measure, the index is overbought. A pullback is to be expected, but because of the recent strength, there may be a day or more of continued grinding before it occurs.

Incidentally, the strategy that I am testing which uses RSI(2) as an entry trigger has signaled a buy at the open of DXD, the double inverse Dow ETF.

I am going to watch for a test of the downtrend line. I also want another close above the 200 day average.

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The Daily Breakout: SM, MVL, FAST

SM

St. Mary Land & Exploration Company and its subsidiaries engage in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the United States.

MVL

Marvel Entertainment, Inc. engages in the licensing, publishing, toy making, and film production businesses with a proprietary library of approximately 5,000 characters in the United States and internationally.

FAST

Fastenal Company, together with its subsidiaries, sells industrial and construction supplies.

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The Daily Breakout

VIV

Vivo Participacoes S.A., through its subsidiaries, provides cellular telecommunications services in Brazil.

OTEX

Open Text Corporation develops, markets, sells, and supports Enterprise Content Management (ECM) solutions.

ITU

Banco Itau Holding Financeira S.A., together with its subsidiaries, provides various retail and corporate banking services to individuals, small and middle-market companies, and large corporations primarily in southeast Brazil.

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Sell in May…Surely It’s Not That Easy

Dow Jones

One day before May, the Dow Jones has printed a very bearish candle, on volume, after flirting with 13,000 and the 200 day moving average. It really can’t be that easy, can it?

It looks as though there is probably support all the way down to 12,250. A trip to that level would place the index smack dab in the middle of its 2008 trading range.

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