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Here’s a quick note to young traders who are taking it seriously and attempting to carve out a profitable career. First, most of you will not make it. So sad… Second, most of you will not listen to what I am about to write. Whatever… If you are one of the first or the…
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The market focused community of which I am a part has a tendency to parse every wrinkle in information and price behavior. When we are involved with the trade, especially, we can get so close up, so tuned in to each detail, that it becomes difficult for us to recognize the much larger trends…
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I sat down with The Globe and Mail’s Iain Marlow this morning to discuss $RIMM’s earnings report and the new Blackberry 10 scheduled for release at the end of January. The G&M and Marlow in particular have been and continue to cover $RIMM better than any media outlet in my opinion given the Canadian…
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Sure, $GLD is getting shellacked again here, losing 8% in 6 weeks & now the 200dma. People are starting to whisper behind its back… Gold is the new $RIMM … 🙂 Yet, within the larger context, gold’s just trading near the middle of the giant pennant of lower highs and higher lows that began forming…
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Two weeks ago, I wrote this Uncle Morty piece on $BAC when it was trading just below 10. The post included some excellent crowd sourced technical analysis courtesy of The Awesome StockTwits Charts Stream and the guys nailed it. All eyes were on the stock and still it it broke out out above ten to…
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With $AAPL falling 20% over the last 3 months, more traders are focusing on the increase in its implied volatility and how the $AAPL VIX might be analyzed. Yesterday afternoon, I chatted with Jared Woodard (@condoroptions), who is an expert in all things $VIX related, about the implied volatility in $AAPL and how traders can incorporate…
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Apple Inc closed at an all time high of 702.10 on September 19. At the time, $AAPL was up 73% for 2012 and accounted for nearly 5% of the SP500 Index. On the same date, the $SPX close at 1461 up 16% for the year and $AAPL accounted for approximately 20% of the gain. That…
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On ReutersTV, I chatted this afternoon with S&P Capital IQ’s Scott Kessler about the prospects of $AAPL after the big sell off. Kessler upgraded the stock to Strong Buy in mid November after it got crushed. We walk through his rationale and focused on the stiffening competition from the likes of $GOOG & $AMZN.
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My pal Steve Hammer over at HFTAlert does phenomenal work identifying footprints in the tape. You can also find his work on StockTwits and his chart stream there is among the most valuable on the site as he identifies buying and selling pressure imperceptible to the naked eye. Yesterday, Steve posted this $NFLX intraday chart which…
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This 10 area on $BAC is one of the most watched levels in the market now. This makes sense as it is a big level for the name having flirted with it in March and then edged close to it 3 or 4 times over the past few months. $BAC also has larger market…