Technical Analysis

Market Update: Happy New Year!

By request - following the huge market rally in 2013 - here are a couple of stock market graphs. The first graph shows the S&P 500 since 1990 (this excludes dividends).The dashed line is the closing price today. The market was up 29.6% in 2013 plus dividends...

Chinese Stocks Are On The Edge

With all eyes squarely focused on US equity markets daily impersonation of the Caracas Stock Index, BofAML is growing increasingly concerned about China. Since the start of December, Chinese equities have been under significant pressure with the Shanghai Composite on the edge of completing a...

China Folds, "Un-Tapers"; But Repo Rates Remain Elevated

UPDATE: Un-Taper didn't work - 7-day repo just hit 9% as (just as we warned) the small banks are left wth scraps   For the first time in 3 weeks, the PBOC un-tapered and added CNY 29 billion liquidity (via reverse repo). Despite the Chinese governments denial of any liquidity crisis, the...

Two Names Set To Squeeze

Going through the “Kill The Shorts” screen inside The almighty PPT, which searches for stocks with high short percentages and high technical scores, here are two names that look ripe to squeeze higher this week: NILE – Look for things to get fast above Friday’s high, $48...

Trade Setups For Thursday - 12/19/13

BIIB – Closed at the highs of the... on Wednesday with good volume, watch for a continued move back to recent highs... HK – This one is easy to manage here with a stop under recent lows. I will be a early buyer on strength... NBG – Love the location here on the 50...