Feb
10

Double Top, VIX, Silver, Long Financials

Charts and Coffee on February 10th, 2009 at 5:01 pm Central Time

A lot to say about today’s trading action. First, the market is expanding. We are out of the narrow trading range of 805-850 but at the same time the market did not simply move into the 850-880 trading range. Instead, we have market expansion. The new trading range is now 805-880 on the $SPX ($80.5-88 [...]

More on this topic (What's this?)
CHART OF THE DAY: A SURE BET (THE PRAGMATIC CAPITALIST, 3/2/10)
“This Silver Stock Set to Soar in 2010″ (Stock Gumshoe, 1/12/10)
Art Cashin Warns on the VIX (Wealth Daily, 1/13/10)
How to Profit From Volatility Through One Simple Investment (Investment U, 1/19/10)
Read more on Volatility Index (VIX), Silver at Wikinvest

Continue reading about Double Top, VIX, Silver, Long Financials

RedditFacebookStumbleuponDiggDel.icio.us $VIX, BAC, Banking Stocks, C, SLV, SPY, VXX, qqqq Comments
Feb
5

Do You See What I See? (BAC, C)

Charts and Coffee on February 5th, 2009 at 6:08 pm Central Time

Not to keep beating the same drum, but look at the chart of C at the end of November and look at BAC the past couple of days. Today’s price action was a complete repeat of C’s price action at the end of November. Yesterday was the big down volume day, today the bigger volume [...]

Continue reading about Do You See What I See? (BAC, C)

AVAV, BAC, Banking Stocks, C, HYG, JO, LQD Comments
Feb
4

What is Going on With Bank of America? – SPY, QQQQ, BAC, IBB

Charts and Coffee on February 4th, 2009 at 6:38 pm Central Time

BAC is extremely interesting today. Not because my .05% position is getting kicked around, but because the market is telling us something with the close under $5 on super high volume. 610 million shares traded today. Average volume is 172 million. What I find even more interesting is that Citigroup (C) ended the day up [...]

Continue reading about What is Going on With Bank of America? – SPY, QQQQ, BAC, IBB

BAC, Banking Stocks, IBB, SPY, qqqq Comments
Jan
27

After Hours Trade and Formation of "Bad Bank"

Charts and Coffee on January 27th, 2009 at 8:48 pm Central Time

The after hours trade was quite interesting tonight. Apparently word is leaking out that the government will be forming a “bad bank” to purchase bad assets from banks.
The following action occurred in my junk long portfolio:
BAC: up 8.33% during regular trade, up another 9.54% AHC: up 6.61% during regular trade, up another 9.30% AHBCS: [...]

Continue reading about After Hours Trade and Formation of "Bad Bank"

BAC, Banking Stocks, C, SPY Comments
Jan
25

Time to Have Patience Again (SPY, C, BAC)

Charts and Coffee on January 25th, 2009 at 6:41 pm Central Time

Like everyone else, I’m trying to figure out the market direction for the week. Let’s take a look at SPY:

I am using SPY (as opposed to IWM or other composite indexes) because it seems to be the most fib compliant. I have added tags to the blog. One category I plan to include is “Fibonacci [...]

Continue reading about Time to Have Patience Again (SPY, C, BAC)

BAC, Banking Stocks, C, Fibonacci Friendly, SPY Comments
Disclaimer: This blog does not and is not intended to provide financial advice of any kind. Any commentary used on this page is for purposes of discussion only. You should not construe anything on Charts and Coffee as recommendations to buy or sell securities and you should not construe anything on this page as legal, tax, investment, financial or any other type of advice. Nothing contained on this page constitutes a solicitation, recommendation, promotion, endorsement, encouragement or offer to buy or sell (whether it is securities or otherwise) by Charts and Coffee, its owners, representatives or agents.