Just a few numbers for you. The green vertical lines are the two lows on the 50-day moving average. On February 21, that average printed 0.752. Today it printed the lowest day since that day, 0.744.
Today's actual , not-averaged number, was 0.583, the lowest day since June 8th, which was our last big pullback.
So, we have four numbers and three tops:...
SKEW above 130, currently at 144 indicating that big money is heavily hedged to the downside.
10 day MA PC Ratio is well below .75 which tells me that a majority of investors are long.
Spy looks like its touches the backend of the top yellow line while also tightening up its giant ascending triangle.
VIX is about to hit bottom of bollinger bands that have almost...
Micron ($MU) rallies on strong demand for personal and cloud computing. There were concerns that demand for DRAM and flash storage were going to decline over the coming year, however those fears may not materialize. The stock broke out to a fresh all time high on strong volume.
Start adding here. Excellent risk reward at the bottom of the channel and near oversold levels.
2.41% loss at previous lows vs potential 8%/27% gains.
For leveraged play on the bounce: Platinum Group Metals LTD
Intel set new 5 years after it announced its sales would be better than it had anticipated earlier in the year. Intel’s news is almost certainly good for Microsoft (NASDAQ: MSFT) and Hewlett-Packard (NYSE: HPQ) since Intel is the leading maker of chips for PC’s.
The PC market has been so mature that most analysts assumed that Intel’s future would be relatively...