MarketGrind
Stocks for the Rest of Us
Trending Stocks Section Added
Mar 18th
We are proud to announce the launch of our “Trending” section. In the future we will begin making available lists and analysis generated by our internal modeling. Our systems are regularly processing market data and are now the primary source for our daily work. The first list we are releasing is as simple as it is potent: Stocks that Go Up. Though it sounds obvious, I can assure you that filtering thousands of stocks long term data to identify performers like these is decidedly non-trivial. Planned for the future are some of our most sophisticated indicators and oscillators–so bookmark us and stay tuned!
S&P 500 Oscillator Update: We’re closer to overbought then oversold
Jul 31st
Although the market can continue to go higher, we’re closer to an overbought condition then an oversold condition so caution is the name of the game.
Freeport McMoran FCX = SELL!!
Jul 27th
This is what a SELL looks like. FCX is setting up for a classic double top here and considering the run it’s had in the past few days you’d be crazy not to sell this. MACD is starting to wane and the overall market is looking a little bit tired. We’re running into resistance here and there’s no support until about 52 when the 50 day moving average comes into play. Furthermore, volume is starting to wane as well indicating a lack of sponsorship up and these levels. SELL!!
Starting to Get a Little Extended
Jul 23rd
The major indices are starting to get a little extended here. A prudent trader would be taking more gains as the markets continue higher. One thing of note is the trend in declining volume which usually indicates a lack of sponsorship and belief in the rally. If today’s volume ends up being rather high it could indicate a “blow off” top in which the buyers exhaust themselves and the sellers usually take over from that point.
S&P 500 Oscillator Update
Jul 21st
S&P 500 Oscillator
Although we’re not overbought yet, we’re definitely not oversold. I don’t think you can buy here but I don’t see too much danger in holding. When you start to see the oscillator flatten out and roll over you probably want to start selling. If you have a large long only portfolio then you might want to consider putting on some hedges up here around S&P 950.
Why This Whole Game Is Ridiculous
Jul 21st
Two tickers sum it up, DMM and UMM. These wonderful new funds from Macroshares allow you to bet on the direction of the housing market. I honestly have no idea how these even work but just the idea of betting on the housing market as if you were at a casino seems ridiculous to me. I suppose the pundits will say that it allows you to protect yourself from a housing decline by hedging your house. Maybe you can buy options on these bad boys and lever up. Yeah, there we go, that’s a good idea.
I Think I Might Be A Fan Of Mr. Bernanke
Feb 18th
Say what you will about our fed chairman but I think he’s actually doing a good job. He’s been very innovative in thinking of new ways to provide liquidity to the market beyond the usual interest rate cuts. While the die hard free marketeers I’m sure hate him I think that what he’s done so far has been helpful to the economy and Americans in general. It will be interesting to see how he’s going to unwind all these new programs when this is all over but I don’t think it’s going to be as big a deal as everyone thinks.
AIPC: I Love Pasta But I Love Money More
Jan 16th
I’ve closed out my AIPC position for now. As much as it pains me to do so you just have to be insane not to sell after a 20% move in this market. I’ll revisit this stock again on a pullback.
NYX: God I Hate This Stock
Jan 16th
I hate this stock but it’s worth taking a shot here as the risk is perfectly defined. The chart should be self-explanatory. The stock sold off hard today and filled the gap from early December in what looked to be some kind of capitulation before reversing and trading up after hours. I think you can get long right here and stop yourself out below 20.
AIPC update: Consider Taking Some Profits
Jan 16th
I think it might be time to start taking some profits in the AIPC trade I talked about the other day. We’re up nearly 20% and in this market you have to take what you can get.