T2108 Update: May 16, 2011

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 50% and Neutral General Trading Call: Hold. Commentary T2108 is approaching its lows from last month while the S&P 500 remains above its 50DMA and 2.7% away from retesting … Read more

What Happened to Ener1? The Disappointment and the Promise

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Ener1 (HEV) lost 36% last week after reporting earnings that disappointed with the news of a massive $73.3M write-down of the company’s investment in Norwegian electric vehicle company THINK. HEV management insisted this action should not … Read more

Visa Follows Blaze Mobile and Enables Mobile Transactions

Last week, CNBC interviewed Visa (V) CEO and Chairman Joseph Saunders. The title “Building the Digital Wallet” caught my attention because I am invested in Blaze Mobile, a start-up whose main product, Blaze Mobile Wallet, enables mobile payments, banking, and ticketing. Visa invested in mobile payment start-up Square in April, 2011, and the company’s plan … Read more

T2108 Update: May 13, 2011

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page.) T2108 Status: 55% and Neutral General Trading Call: Hold. Commentary T2108 dropped 9 percentage points to 55% as the S&P 500 dropped 0.8%. So far, the index is holding the first … Read more