Wednesday evening

Wednesday afternoon

RWC Daily Chart - Nice Cup-N-Handle

A good cup with handle pattern requires about 6 weeks to develop (I read that somewhere in IBD documentation.)  This one is a bit longer but I think it still fits the definition.  No position.

RELM Wireless Corporation engages in the design, manufacture, and marketing of wireless communications products in the United States and internationally. Its products include two-way land mobile radios, repeaters, base stations, and related components and subsystems. The company offers its products under the BK Radio and RELM brands. Its BK Radio branded products consist of land-mobile radio equipment for professional radio users primarily in government and public safety applications, as well as P-25 digital products; and RELM branded products provide two-way communications for commercial and industrial concerns, such as hotels, construction firms, schools, and transportation services. RELM Wireless Corporation was founded in 1957 and is headquartered in West Melbourne, Florida.

From Finviz

Wednesday morning

"I know not how I may seem to others, but to myself I am but a small child wandering upon the vast shores of knowledge, every now and then finding a small bright pebble to content myself with." -- Plato

Tuesday evening

Putting this up here so that folks who are having browser issues can see it.

Looks to me like Disqus is finally working with some flavors of Internet Explorer.  I have tried it with:

IEv10 native

IEv10 in IE9 / IE9 mode

IEv10 in IE8 / IE8 mode

IEv9 native

IEv9 in IE8 / IE8 mode

I no longer have a native IEv8 to test with.

If you don't have Windows Automatic Update turned on, your browser is probably out of date.  This could make a difference too.  I'm running latest IE9 and 10.

Note that all but native IEv10 seem really slow.  The comments might not load at all, or multiple refreshes (F5) or Disqus reloads via their button might need to be done.

The only problem I have noticed with Firefox or Chrome is that sometimes a refresh or 2 will be needed to load the comments.  I think this is just Disqus being slow, not a problem with the browser.

Will update this post if needed ... email me at gmail if you can't talk to us any other way.

Tuesday afternoon

Try this at home if your spouse has a fantastic sense of humor.

Tuesday morning

Monday evening

Well played, Korea TV

Monday afternoon

Perspective makes a difference.

Monday morning

Nikkei down 2%+ .... Natural Gas down 2%+ .... must be an alphabet thing.

Weekend thread

Friday afternoon

The real reason for underemployment of humans.

A close above 1667 would still have the SP-500 making higher highs and higher lows.  

SP-500 Daily Chart (11:09 AM)

Friday morning

Thursday evening

Thursday afternoon

The tech earnings from last night are holding up the NASDAQ but the other indexes are red so far today.  A rest would be a good thing but don't forget about POMO.

Thursday morning

Despite the afternoon bounce, there was some real weakness in the markets yesterday.  On the plus side, there were some good earnings reports and there is a large Fed POMO operation today.  Be careful out there.

Wednesday evening

The airlines that reported today were generally strong even though the transportation sector finished in the red and was down a greater percentage than any other major index.

Technology has several big winners tonight and it looks like the futures will open higher this evening.  Among the better moves after hours are BIDU FFIV QCOM FB AKAM TQNT and CTXS.

Wednesday afternoon

Would you trust him to manage your portfolio?

Wednesday morning

Tuesday evening

That ought to discourage 'em

Tuesday afternoon

Perhaps there's an app for that ...

Tuesday morning

Monday evening SPY

SPY daily

yellow line - money flow(10)

cyan - 50sma

green - 200sma

pane 2 - DV smoothed stochastic(10,3)

pane 3 - RSI(2)

pane 4 - NYSE percent stocks above 10dma

pane 5 - volume

Notice how the indicators are beginning to look similar to before the May peak.  This might be a good time to lighten up / tighten up.

Monday afternoon ... Bill, how stubborn are you???

HLF Daily Chart (11:08 AM)

As everyone who has been paying a lick of attention knows Bill Ackman is (or was the last time he was required to report) short HLF and Carl Icahn is still long.  Mr. Icahn stated multiple times last week that he has not sold a single share since he established his position.  In fact he said he has bought more.

Looking at the chart I don't think there is much resistance from here to the top of the box.  The drop in April 2012 was long ago and it was fast.  Anyone of size would likely have sold during the May '12 - Aug '12 recovery. All of that was well before the December announcement (or should I say "attack") by Mr. Ackman and should have little to do with trading from here forward.

Monday morning

Happy Pi Approximation Day (22/7)

Evanesce prefers 355/113, but he's a geek.

Weekend thread

by Anna Pagnacco

Anna is a very talented and prolific photographer.  She shoots quite a range of subjects, and her portraits are particularly striking.  You can see more of her work on Flickr here : Anna Pagnacco

Friday afternoon

Guard 'em if ya got 'em.

Friday morning

Thursday evening

An old Indian Chief was asked by a white U.S. government official, “You have observed the white man for 90 years.  You’ve seen his wars and his technological advances.  You’ve seen his progress, and the damage he’s done.”

The Chief nodded in agreement.

The official continued, “Considering all these events, in your opinion, where did the white man go wrong?”

The Chief stared at the government official and then replied.

“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water.  Women did all the work, medicine man free, Indian man spend all day hunting and fishing; all night having sex.”

Then the Chief leaned back and smiled, “Only white man dumb enough to think he could improve system like that.”

Thursday afternoon

DJ-20 Daily Chart (11:10)

I keep harping on the transport theme.  It has been a very good tell.  Now it is approaching the high we saw in May.  A pause should not be a surprise.

DJ-20 5 Minute Chart

If you are watching you might find a short side trade in IYT.  I won't be playing it.

Thursday morning

Wednesday evening

Darwin Award in 3, 2, 1 ..

Wednesday afternoon

Repairs for the economy will be higher by several zeroes.

Wednesday morning

Tuesday evening

Tuesday afternoon

XLF Daily Chart (11:11 AM)
Click on chart for a better view

With the market looking like it will have a red day perhaps it's a good time to watch and plan ...

Here is one I'm looking at and planning for a long entry.  I want to see a pull back to somewhere around the white line and buy the bounce.  It could be a little lower, maybe a bounce from 20 or the 20 day or the 50 day sma but it should find support somewhere on that path.

Note: You can see my chart tabs at the top.  These are the time frames I like to check.  I used to have a weekly tab but I have not rebuilt it yet.  Each of the tabs has different indicators.

Tuesday morning

Monday evening

Awkward

Monday afternoon

Some consolidation today would be welcome.  There is underlying strength if you look at Advance/Decline (3593/2365) New High/New Low 727/37.

Monday morning

That oughta wake you up, lol.

Weekend thread

Friday afternoon

Friday morning

Thursday evening

Thursday afternoon

Easy targets. Point value cut in half.

Ben said buy buy!!!  Elizabeth Duke said bye bye.  Frank said dooby dooby doo.

http://www.youtube.com/watch?v=SF09jJlJCU0

Thursday morning

You were expecting someone else?

Wednesday evening

Today's market brought to you by Dr. Ben Dolittle

Wednesday afternoon

For the ladies ...

It's Fed day.  Relax and wait for the market reaction to the minutes.  Remember that the first move is often the head fake.  As always, your participation is not required. You can sit back and watch.

Wednesday morning

Gator's Chart of the Day: WETF

This is a trade I am currently in.  (You already know that if you follow the blog at all.)  I was stalking the stock after it fell hard when things were not going so well in the news out of Japan.  When I saw it found support (bottom arrow)  around 10.50 I wanted in but missed it for various reasons.  When it pulled back from the 50 day kiss and 20 day (top arrow) close I watched for the next bounce (arrow on 7/5) and missed it again.  (I really didn't want to enter on Friday.)

When the stock opened higher on Monday I entered with a half position and a tight stop.  Yesterday I added  and when the stock held above the 50 day for the requisite 15+ minutes I generally insist on.  Now I'm ready for a final add if/when the stock moves above the last arrow on volume or if it holds above 12.50 even if the volume is a bit light.  Speaking of volume, it has not been heavy but the last 3 trading days have seen higher levels each day and the close has been higher than the open.  I like that.  I hope to ride to a test of the May high.