Tuesday, October 26, 2010

Update: ZIXI

Target reached! 26% gain!

Sunday, October 24, 2010


ZIXI has performed well since added to my newsletter.

Wednesday, October 20, 2010


JBLU is finally taking off today, its earning date is nearby, so be careful.

Sunday, October 17, 2010

Dead, banks!

The banking sector is breaking down, which makes me very nervous.

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

Basically what we have seen in the last couple of weeks is sector rotation. The former leading sectors are taking a breath, namely the Retail and the Biotechnology.

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.

Update: FNSR

FNSR reached target today.


SOLR was recommended last night.


WYNN was recommended last night.

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.

Update: KKD

Target is met today.

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.

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.

Update: BEXP

Target is reached today.

Friday, October 1, 2010

A slow climber

Target met and position closed.

Fireworks coming?

The semiconductor sector is resting under the resistance, I think it is going to break out soon.

Stop bleeding

The bank sector has stopped bleeding, now let's join the party!

Update: LDSH

14% in 4 days!

Update: IMAX

IMAX looks great here.

Update: CRUS

CRUS got stopped out.