ONE-TWENTY TWO: Trading Financial Markets
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The NASDAQ has churned mightily in an uptrend that is slowly but surely grinding upward from the June lows. Support at the 200DMA held in June and now the technology-laden index is working on holding support at the 50DMA. Embedded in this churning action are lots of chills and thrills. Two big cap tech stocks … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 14, 2011. Click here to read the entire piece.) In a day when debt has become a four-letter word and leverage has become a noose, it may seem odd that Cabot Microelectronics Corporation (CCMP), a supplier of chemical mechanical planarization … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2011. Click here to read the entire piece.) So much for putting recession fears in the rearview mirror. On October 28, I pointed to 3-year highs for Intel (INTC) as another bullish indicator among many (see “A Very Bullish … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) I had to blink twice and twice again. After checking on Intel’s stock chart for the first time in a very long time, I was quite surprised by what I found. Not only has Intel … Read more