Target reached! 26% gain!
Tuesday, October 26, 2010
Sunday, October 24, 2010
Wednesday, October 20, 2010
Sunday, October 17, 2010
Thursday, October 14, 2010
Can't ignore it！
Any possibility we will test the July low or even lower? Yes, if we default, according to Bespoke.
Wednesday, October 13, 2010
Sector rotation 2
Some are still lagging and waiting for the breakout, such as the Homebuilders, the Semiconductors and the Banks. Some already broke out, such as the Transportations and the Oils.Sector rotation
Monday, October 11, 2010
VIX at the low
What is climbing wall of worry? I think right now we are climbing wall of worry. Today every financial websites or blogs mentioned VIX hitting the low. They are all worried about coming crash and they all think this rally is not sustainable. As a market observer, I don't know how long this rally can carry on, I just think it may have a little bit further to go, further than most market participants think.
Saturday, October 9, 2010
Are investors really bullish?
This is a poll I copied from Bespoke.com, you can see the bear and the bull is about even, which surprised me.
Wednesday, October 6, 2010
Some bearish reasons
I borrowed two charts from Tim Knight's blog, one chart showing the interest rate along with S&P, the other shows Kol with SPY. Both say the rally may run its course, the picture won't be pretty. I am not a bear, but today's selloff in the momentum stocks make me think twice. If the highflyers are dead, how higher can the market go?
Momentum stocks got slaughtered
On the surface, today is a quiet day. But underneath, the recent highflyers got sold very hard. The investors rush to exit as the earning season is about to kick off. One thing I think it is good is that now the bubble being squeezed and they may have some upside when they report. On the other hand, I don't like the magnitude of this decline, usually signaling a very important top. In conclusion, short term trade is OK, but I don't expect they will resume their recent monster move.
Why are online payday loans becoming more popular?
It is no surprise that in economically distressing times, hardworking Americans need to be resourceful at managing their bill paying. So the rise of payday loans in general makes sense. For example, if one member of a household is not working, his or her partner or spouse may still be employed. And yet, when an unexpected expense arises – such as something with their children, a broken appliance, a car repair or medical emergency – the need for quick cash can easily come up. They may not have a credit card or savings account, so the best source of funding might just be to get a paycheck advance.
But payday loans have been available in many forms for decades. Money exchanges or other types of retail stores have long offered people a way to get cash in advance of a paycheck. But to do so required traveling to the store, waiting in a line quite often, then transacting the loan through a thick glass window. It lacked privacy, the borrower may have been pressured to sign documents on the spot while people were waiting behind him, and it was hugely inconvenient to shop around for the best loan terms (in addition to interest rate charge differences, different lenders have different payback options, penalties and other fees).
Hence, the online payday loans stores have risen to provide a more convenient, safer and less time-consuming way to get instant cash. Where the retail stores often required faxing documents after you visited their locations, today’s Internet-based lenders offer faxless payday loans. And the process is quick: Signing on, filling out an application and getting a confirmation will engage the borrower for about fifteen minutes, sometimes less. Confirmation comes within an hour by e-mail, and the cash is direct-deposited by electronic funds transfers by the next business day. Users of online lenders for cash advances are like early adopters of ATMs – their parents and grandparents may have liked talking to tellers, but the convenience of electronic methods ultimately wins out.
But payday loans have been available in many forms for decades. Money exchanges or other types of retail stores have long offered people a way to get cash in advance of a paycheck. But to do so required traveling to the store, waiting in a line quite often, then transacting the loan through a thick glass window. It lacked privacy, the borrower may have been pressured to sign documents on the spot while people were waiting behind him, and it was hugely inconvenient to shop around for the best loan terms (in addition to interest rate charge differences, different lenders have different payback options, penalties and other fees).
Hence, the online payday loans stores have risen to provide a more convenient, safer and less time-consuming way to get instant cash. Where the retail stores often required faxing documents after you visited their locations, today’s Internet-based lenders offer faxless payday loans. And the process is quick: Signing on, filling out an application and getting a confirmation will engage the borrower for about fifteen minutes, sometimes less. Confirmation comes within an hour by e-mail, and the cash is direct-deposited by electronic funds transfers by the next business day. Users of online lenders for cash advances are like early adopters of ATMs – their parents and grandparents may have liked talking to tellers, but the convenience of electronic methods ultimately wins out.
Tuesday, October 5, 2010
Bank is about to break out!
Big news! The bank index is about to break out that is very positive to the market!
Strong volume
Please notice the circle I highlighted on the volume, all more than 20 day average volume. A bullish sign.
Friday, October 1, 2010
Fireworks coming?
The semiconductor sector is resting under the resistance, I think it is going to break out soon.
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