Saturday, July 16, 2011

CMG


What target? Huge momemtum..


STEM


One that got away. I've not read why the move from $0.50 to $4.41 transpired.


Friday, July 15, 2011

XLP - Consumer Staples ETF


Rocket science...

Long above $30.25


XLB - Materials ETF


If nothing is being built this move is solely on the lack of dollar valuation. As the wheels on the bus are removed watch Materials retreat.


WFC


Wells Fargo has held on as a bank because they are generating govenmental income from distributing EBT cards to the unemployed. Otherwise their chart would look more like the other banks. As Unemplyment and stimulis programs wane so should WFC.


BAC - 5yr weekly


Out with the old Bush Administration bank....(See next post on Wells Fargo)


SIRI - daily


Shows the resistance/support of $2.25.

Tight stop - $2.20
Loose stop - $2.09


Wednesday, July 13, 2011

VZ


Buy some more if breakout over $38. Otherwise wait for $34.50


GLD - yr weekly


Not quite time to unload Blackbeard's hoard.


EUR/USD


All time monthly chart does not bode well for the US dollar.


Tuesday, July 12, 2011

MO


Interesting channel forming on Altria may provide a chance to get more with easy stops.


$SPX


Range = 1273 - 1350