I am still concerned that AAPL (and NFLX) is showing technical weakness.  On Friday, the stock could not hold its 30 day average and its 10 day average (blue dotted line) remains below its 30 day average.  See the daily chart for AAPL below. While AAPL could always break above its 30 day t ... Read more

The sudden deterioration in the short term indicators is a little troubling to me. While I am defensive, the longer term weekly up-trends are still up.  Last month, the market weakened considerably early  in the month, only to come charging back by options expiration.  We do not know ... Read more

The banker J.P. Morgan was fond of saying: “I never buy at lows, I never sell at the highs, I play the middle 60 per cent.” Well, from our lens, we are well past that middle 60 per cent point of this bear market rally. At the lows in the equity market in March, the S&P 500 was de fa ... ... Read more

Nasdaq Composite and S&P 500 Index Rise Above Millennial Marks- The major averages posted unanimous gains on Monday while volume totals on the NYSE and Nasdaq exchange were reported lighter than the prior session totals. Advancing issues led decliners on the NYSE by almost a 5 -to- 1 ratio, ... Read more

Jared at Condor Options provides a Volatility Tracker of all sorts of instruments each week. Yesterday, he noted this. This week’s report is a little late, but after the close Monday I see little reason to change any of the comments below. The Dow Jones Industrials closed down 187 points, ... Read more

Now that The Uptick Rule is upon us, just wanted to share some thoughts. For argument's sake, let's say that this whole monster decline of the last year and a half was aided and abetted in a big way by an Evil Cabal of Hedge funds running wild with short bets on the market and backing them up with ... Read more

FINTAG COMMENT 4 weeks later. So the bear rally is over. Apparently. My trip to Hong Kong was abandoned because British Airways had not upgraded their First Class cabins as advertised and tried to give me an Anya Hindmarch bag as compensation. So I stayed at home and watched the pundits on Bloomber ... Read more

Major Averages Pull Back Without Leadership- PICTURED BELOW: The Gold & Silver Index ($XAU -3.36%) gave way to additional profit taking pressure on Monday and slumped under its 50 & 200 DMA lines, sinking near an upward trendline connecting multi-month lows. Over the past 10 trading days in ... Read more

AIG (AIG) seems to enjoy its position as the whipping boy for Wall Street. They announce a list of counter-parties who benefited from the billions that were pumped into AIG. The outrage from the financial press just plays to the hysteria. Solving the AIG dilemma is like solving cancer of the blood ... Read more

CETV was not hard to find this morning.  Nice stock showing some relative strength.  I began to stock it above the base at 8.06 and tight stop at 8.00.  As soon I must repeat as soon as the market started to head up it took CETV with it. CETV yielded 4.1 Risk reward units.  All ... Read more