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ES and SPX broke the current uptrend with a lower low yesterday. On ES this was a momentary break below 1491 support. We're seeing a strong bounce at the moment, signaled by RSI divergence and a W bottom on the ES 60min chart at the low yesterday, but the chances are that an interim top is now in or being made. An H&S may also be forming:
I read that Dell is wrapping up plans to go private at something like $13.50 per share. It's stunning to me that Michael Dell is worth about $16 billion, considering Dell's market cap isn't much higher than that. I can assume that Mr. Dell (very wisely) dumped stock into public hands in exchange for cash long ago when it was trading much, much higher, thus yielding the giant net worth.
The amazing thing is that DELL crossed its "buyout price" back in February 1998 (for perspective, Mark Zuckerberg was thirteen years old and probaby just sporting his first pimple at that time). It was, in the late 1990s, and ungodly amazing stock, soaring to nearly $60. But, similar to the Nikkei 225, it pretty much is down 75% and hasn't looked back.
(Note from Tim: this was submitted to Slope earlier today, when HLF was geting killed) It shouldn’t be
this easy to make money…
When Herbalife
first plunged in January, I raced Speed Retirement Trader readers into the
position as fast as I could.
Facebook has failed even the most generous interpretation of its bullish breakout pattern. Social networking stocks will now return to dog-land, one by one.
