The Market Mon at Blocks.com

RIMM Breakout

Monday, March 08, 2010 1:13 PM RIMM

Research in Motion (RIMM) broke out today. This move is significant in a couple of ways.First, the lower horizontal line represents the top of the candle after that huge gap down back in September of 2009. Since then the lower horizontal line as been resistanceThe stock tried to breakout above this line back on 12/18/2009, but only got has high as about 71.60. More recently, 72 became resistance and the stock as been trying to breach the 72 level since about mid February, but with no success More...

QCOM - Below Daily and Weekly bands

Sunday, February 07, 2010 3:50 PM QCOM

QCOM is one of my favorite long-term stories in the technology space.I was holding some last year, then I bailed out of it in the low 40's on a breakdown in the daily range bands. From there it went positive on the daily range bands in early November and took off moving back to just under $50 a share in early January. And I was feeling like I missed the party.I've made some money in past buying this stock under $40 and selling the 40 calls to generate income.Seeing the breakdown this past week, More...

Positions Review - 1/22/2010

Sunday, January 24, 2010 7:30 AM SPY YUM AAPL NEOG USO SXCI GLD HMSY UPS XLB AUY DJ-30 CML EFA

Wow, what a difference 3 days makes! Stocks started off 2010 with a nice run, and all the broad market ETF's made marginal new highs this past Tuesday. Then BAM - the one-two punch. First punch was the Obama talking about taxing the banks to recover all the TARP money - the TARP money they already paid back! Second punch was talk about financial regulation where banks are not allowed to trade for their own accounts. This double whammy whacked financials and took down the good as well as th More...

XLB - Select Sector Materials ETF

Monday, January 11, 2010 8:58 AM XLB

XLB - Select Sector Materials ETF is the chart of the week. XLB picked up nearly 6% in the past 5 sessions versus only 2.8% in the S&P 500.Let's drill into the components of the XLB to see where all the performance is coming from.The screen shot below shows relative performance of the components of the XLB on a 250-day, 90-day and 5 day timeframes. We can see that the winners are coming from the steel and mining stocks, and to a lesser extent chemicals. Steelguru.com reports shares of US steel More...

Positions Review - 1/8/2010

Sunday, January 10, 2010 7:43 AM YUM

Here's my weekly review of positions.AAPL - Stock was up about 2 points on the week and appears to be in a tight range. AAPL is #52 in the IBD 100 and still has a black box around it indicating its in a buy position. IBD's weekly blurb: "Easing, now 2% past 208.10 flat base buy point."ABVT - This is a new entry from last week and I entered at 66.70, so as of this point, i'm down about 1.65 per share. Stock is #26 on the IBD 100, IBD's blurb: "Formed 3-weeks tight pattern with potential 67.10 More...

HMSY

Monday, January 04, 2010 11:50 AM HMSY

HMSY is the chart of the week.IBD ran an excellent piece on HMSY over the weekend in their 'View from the Top' column in their year-end special. HMSY tracks billing and reimbursements for Medicare, Medicaid and private insurers. The company has technology that identifes billing errors and saves governments big dollars. The company operates 80% on a contingency basis, getting paid only if they recover funds. The company saves over 1 billion a year for its clients. Given the amount of money the More...

Positons Review - 1/4/2010

Monday, January 04, 2010 11:20 AM SPY YUM AAPL NEOG USO SXCI HMSY C DIA MYRG UPS XLB KO AUY DJ-30 CML

AAPL - Speculation is swirling around Apple's new tablet device. Details are sketchy, but the device is expected to be the game-changer that the iPhone was for the cell-phone industry. It looks like the e-reader category has finally reached the mainstream of consumer electronics thanks to the Amazon Kindle and an endorsement from Oprah. On the technical side, the stock is bumping up against an all-time high and i'm expecting a move up to $220 shortly. Cramer has a target of $300 and many broke More...

Target Allocation for 2010

Sunday, January 03, 2010 10:05 AM SPY NEOG EFA VO

With the year 2009 behind us, I'm all to happy to say goodbye to it. My overall portfolio returns were miserable -4.99% in the taxable account and and -1.41% on the retirement side. Even more depressing is the comparison with the SP-500 which was up +23.45% for the year. Basically, I sold out of my long on the sell-off back in late 2008 and came into 2009 with a high cash position. At one point (at the March low) the SP-500 was down -24% for the year, and I was down only 9%. I though I was b More...

AAPL

Monday, December 28, 2009 8:37 AM AAPL

AAPL is the chart of the week. After moving sideways in a wedge pattern, the shares blew out to a new all-time closing high last Thursday. IBD ran a piece on AAPL in their Monday edition and called the breakout "quirky" in that the volume doesn't appear to confirm the breakout. But then the volume is factored for the shortened trading day, volume is up 65% on a "same time" basis.On the fundamental side, AAPL has an IBD composite ranking of 99 with an EPS ranking of 97 and a relative strengh ra More...

Positions Review - 12/24/2009

Sunday, December 27, 2009 9:53 PM SPY YUM AAPL NEOG USO SXCI GLD HMSY C DIA ABVT UPS KO AUY DJ-30 EEM CML

SPY made a new closing high for the year at last Thursday's closeThe chart on the left shows SPY with price bars painted pink for bars that made a new 52-week-closing high.The lower portion of the chart shows a count of SP-500 stocks making 52-week closing highs on that date.Last Thursday was the 3rd highest day on the chart with 114 stocks in the SP-500 making new 52-week closing highs. This close forms the 3rd lower high in a wedge formation and shows the power of last Thursday's action - even More...

Markets and Money with Tcxmon