Well, I felt like a complete turd-monkey for missing it, but SlopeFest V went off without a hitch. I really wish I could have been there, but two things prevented me from doing so; (1) back-to-back family obligations and (2) the complete lack of a market drop which would have caused me to cheer so lustily that I would have shucked the aformentioned obligations to join my friends. (more…)
More a comment-cleaner than anything else, but I wanted to mention that my long (yes, gasp, long) idea, Denbury Resources, which has spent months screwing around just above its diamond pattern, is finally turning higher. This could be a powerful move in the months to come.
There’s been a lot of talk lately about Facebook, since its embarassing IPO happened a year ago. I just wanted to spend a moment reflecting on fame and entrepreneurship. First, let’s take a quick look at Facebook and, in the corner, Time Magazine’s Man of the Year from 2011: (more…)
I long-ago abandoned trying to make sense of Priceline’s popularity as a company. I’ve tried to use the service many times, and I wasn’t impressed, but that’s just one person’s experience. This stock lurches to lifetime highs on a near-constant basis.
Based on the latest break, I’d say it’s going to keep churning higher until it reaches a measured move of about $835. This is very similar to what happened last time. (more…)
SPX broke 1660 area resistance on Friday afternoon and closed the day at 1667.47 SPX. On the SPX 60min chart the current rising channel from the 1536 low is still in play and support there is in the 1640 area, with resistance now in the 1675 area: