Lululemon has been a volatile beast of late, but in the midst of all that, there is a perfect triangle pattern forming, and once it can get above that $74 level than $75, a move into the $80's should be all but certain. [more]
I nailed my previous call on the action in Citigroup earlier this month when I said that the stock would fall, in short order, down to $48-49 level. [more]
Amazon's website was down yesterday for a little bit. Naturally the internet did what it does best, and was snarky about the whole thing. Here are my favorite jokes I heard today about it.
So here is what people were saying: [more]
McDonald's (MCD) better get their act together here because it isn't about the secret sauce on the Big Mac or whether you "want fries with that". It is about the $95 threshold on the stock chart, and whether that can hold. If not then it is likely the stock is going to revisit memory lane and what the $80's were like.
Currently it is in a downward channel but it is only slightly downward. Break it, and the bears will become much more inspired, particularly if this market can continue doing what it did today.
Here's the technical analysis on MCD: [more]
If someone made a bet with you, and you should to lose $12 at the chance to win $4 would you take it?
That is the risk-to-reward scenario that Lululemon Athletica (LULU) is offering at this point. [more]
Seriously, keeping up and maintaining a watch-list focused on short-able stocks is really becoming more of an academic exercise then one that can be actually put into practice.
For the past nine, count them nine market sessions, the bears have had ever opportunity to drive the market lower and they have really failed to do so to any great extent. [more]
I was a little hesitant about getting into Credit Suisse (CS) at first, primarily beceause of how gappy it can be from an overnight perspective. [more]
It's been a long, long time since Apple (AAPL) has tested the 200-day moving average and right now it is doing exactly that with a push into the $470's. I don't focus a ton on moving averages unless there is a history of problems that a stock experiences with them when price and MA interacts as they are about to do here. With Apple (AAPL) about $80 off of its lows (which formed the double bottom) and no pullback since then, I suspect that the 200-day MA is where we will see that pullback occur. [more]