Archive for July, 2009
Toxic Equity Trading Work Flow on Wall Street
Here a site link to the Themis white paper on HFT practices. As usual, I can’t vouch for its accuracy.
Toxic Equity Trading Work Flow on Wall Street
F5 Networks Cup & Handle
F5 Networks (FFIV) is trading near 37 this morning, following a positive response to last night’s earnings release. The stock has been hovering near its August 2008 high for the last 6 weeks and has now completed a bullish looking cup and handle breakout pattern.
The top of the recent range is near 37.25 so it’s [...]
Coiled Springs For The New Week
Many stocks have gone straight up in the last week, increasing risk of entry because a downturn could start at any time. To lower the added danger, I’ve built of list of coiled spring patterns, which are stocks that have tightened up at near breakout levels, but still haven’t started to run higher. These offer [...]
Fast Food Stocks Looking Tasty
The fast food and restaurant groups didn’t get much help from Yum Brands (YUM) last night. That stock, purveyor of the Taco Bell, KFC and Pizza Hut chains, is currently trading down nearly one and one-half points after earnings. However, many sector stocks are showing signs of life, following a three-month consolidation period, and could [...]
June Same Store Sales: Move Along, No Recovery Here
June Same Store Sales: (Actual vs. Expectations)
Costco (COST) -6.0% vs -6.1%
Stage Stores (SSI) -12.6% vs -8.8%
Buckle (BKE) +9.6% vs +12.4%
Children’s Place (PLCE) -12.0% vs -8.6%
Limited (LTD) -12.0% vs -8.1%
Bon-Ton Stores (BONT) -8.0% vs -8.0%
FRED Fred’s (FRED) +0.2% vs -0.5%
Dillard’s (DDS) -14% vs -10.3%
BJ BJ’s Wholesale (BJ) -7.5% vs -7.4%
Macy’s (M) -8.9% vs -8.8%
American Eagle [...]
Bullish Patterns In The Selloff
Stocks with bullish patterns, despite the selloff:
3Par (PAR)
McAfee (MFE)
American Italian Pasta (AIPC)
Tibco Software (TIBX)
Portfolio Recovery (PRAA)
Fuqi Intl (FUQI)
General Mills (GIS)
Stec (STEC)
General Mills (GIS) is leading a revitalized defensive group, with investors rotating capital into classic “recession-proof” sectors. Momentum might continue for a few more days but a better trade will come on a pullback into [...]
Worst Performing Groups – First Half of 2009
Worst Performing Groups – First Half of 2009 (using common indices)
Airlines: -27%
Banks: -12%
Water Utilities: -12%
Insurance: -11%
REITs: -7%
Defense: -4%
Drugs: -3%
Telecom: -3%
Transportation: -3%
Oil: -3%
Utilities: -1%
Banks are the real kicker on this list because of all the recovery hype. Their 6-month performance shows they’re still “critically injured, with a “guarded” outlook into year’s end.