Oct
17

Sifting Through Investor’s Business Daily

Charts and Coffee on October 17th, 2009 at 12:22 pm Central Time

One publication that I often check out on Saturday is Investor’s Business Daily. The newspaper provides a list of its IBD 100 list. For those not familiar with IBD, I think it is fair to call the IBD 100 list a list of bullish momentum stocks. It can therefore be a good spot to find [...]

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RedditFacebookStumbleuponDiggDel.icio.us ARO, BIDU, DDRX, GIVN, SCL, VMW Comments
Jun
7

Sunday Night Coffee – 6/7/2009

Charts and Coffee on June 7th, 2009 at 8:33 am Central Time

The main index I am following is still the Nasdaq and specifically the QQQQs. Technically, everything looks great and the QQQQs are holding support over the October gap.

RSI is going sideways at about 70 meaning there could still be room to run on existing positions but I wouldn’t want to add to my long QQQQ [...]

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AAPL, ADM, AMZN, ARO, CSCO, CY, GOOG, IAT, IYT, NRGP, QCOM, SMH, XRT Comments
May
31

Sunday Night Coffee – Objectively Bullish

Charts and Coffee on May 31st, 2009 at 7:35 am Central Time

THE BIG PICTURE
I’ve looked at 200-300 charts this morning and the charts generally look bullish to me. I’ve been following QQQQ to give me market direction, and we set a new intraday high over the May high and the intraday action also breached into the October gap (although it has yet to fill it). There [...]

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ARO, C, CY, DBB, DLTR, FCX, KOL, REV, SEA, SMH, Sunday Night Coffee, UNG, UUP, XLE, qqqq Comments
May
6

Grab Bag (ARO, Secondary Offerings, Gangster Government)

Charts and Coffee on May 6th, 2009 at 4:59 pm Central Time

Can anyone make an argument how a retail stock like ARO should be making its all time high? Let’s assume the credit crisis is behind us. Many of the lost jobs are not coming back. Example A – financial services; Example B – auto manufacturers. The total amount of credit available to consumers will [...]

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ARO, FAZ, SEA, qqqq Comments
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