Here’s tonight’s Watch-List:
Long FLY Leasing (FLY)
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Although it didn’t stop it the last time I mentioned it, the fanlines for Northrop Grumman are again matching up against its price. Based on this, I’ve got a small short position on NOC:
I’ve never traded a share of Twitter in my life, but I have one simple point to make: the vast majority of trading volume has already occurred at prices which put owners of the company into a loss. Take a good look at the substantial volume as TWTR was trading between current prices and $75: those are a lot of people who are very unhappy with their position and would really like to get out. That is a massive amount of overhead supply that’s going to act as a brick wall to higher prices. (more…)
Yes, the Nilsson fixation continues (my family was going to kill me when we were in Manhattan and I kept playing I Guess The Lord Must Be In New York City). Listen to the charming tune below; it pretty much kicks the Beatles’ “Good Morning” right out of the stadium.
Before we publish the ES Quantitative Analysis for today, a couple of clarifications:
1) the Analysis product presented here is NOT a trading system, in other words we simply use our quantitative metrics to analyze the chances (odds) for the ES market to change trend direction at certain price levels – the decision about Position Sizing, Stop Loss and exact price trading execution levels are entirely up to the single trader/investor (more…)