EPAY

EPAY is breaking out!

Update: CIS

CIS reached target today, 25% in 3 days!

Europe is Europe?

Today's action is bullish, it looks like it has shrugged off the bad news from Europe as I had expected.

CIS

CIS is breaking out big time today!

Favorite chart right now

This one is highly shorted and looks like it is ready to explode.

Bulls are tested

I thought the Santa rally started yesterday, but the conflict between the North and the South Korea makes things interesting. Usually the incident like this is short lived and provides us a buying opportunity, which I think it still applies this time. So what do the bulls need to do? We need to shrug off the news quickly and build a sounding base. Otherwise, the correction may be rusumed.

Poll again

I participated the Bespoke's poll again and found interesting that not many investors bullish as I am. I think the Santa rally starts now.

TZOO

TZOO triggered the buy pt today, I am back to this name again.

DDS

DDS's nice earning report has rewarded our members well.

China market

As you all know, I treat China stock market as a leading indicator. Last Friday's monster drop has reached its 30 day moving average, which seems to be our destination as well. I will look for a bounce around 30 day moving average, both China and US.

BEXP

Oil has been on fire lately, BEXP is one of them.

SMTC

SMTC reached the target today.

MPG

Same thing with MPG, which has been stalked for days.

BORN

BORN is breaking out, which I have followed for days in my newsletter.

Bullish sentiment

I did a survey at Bespoke.com and I am not surprised to see the bullish sentiment has grown to 61%, which probably means that the market needs a rest, especially few market participants expect the market would drop from here.

The laggards catching up!

Both sectors broke up today, playing catch up!

Update: SINA

SINA reached the target today.

Update: KUTV

KUTV was stopped out today.

A true bull market

I know lots of traders are expecting some sort of pullbacks soon, including myself, but I am not sure we will get it and how deep it will decline. As time goes, the rally has gradually made this market a true bull market. Some characteristics I have witnessed but overlooked are: surprising good performance of the IPOs and investor bidding up the stocks even before their earnings, which shows no fear and optimism. So even in the coming days or weeks we will get a pullback, I guess it would be shallow and buyable.

KUTV

KUTV has been a very good performer since added to the newsletter.

Update: ALTR

I am letting ALTR go, even though I do think more upside for this stock. Just protecting profit.

Bullish sector

The semiconductor is the only place I want to be, besides Chinese plays.

Now they are resting

They are taking rest after a huge move that is bullish.

They are still dead

They are still as dead as a month ago.

Update: ZIXI

Target reached! 26% gain!

ZIXI

ZIXI has performed well since added to my newsletter.

JBLU

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

Dead, banks!

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

Can't ignore it！

Any possibility we will test the July low or even lower? Yes, if we default, according to Bespoke.

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.

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

SOLR was recommended last night.

WYNN

WYNN was recommended last night.

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.

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.