Archive for August, 2009

General Electric (GE): The Clock Is Ticking

General Electric (GE) is attracting interest these days, with investors hoping the stock has recovered and is ready to head higher, like so many beaten down issues in last year’s crash. But the blue chip is underperforming the broad market and time is running out for buyers to start a summer rally run.

The stock has [...]

August 25, 2009 • Posted in: ALERT, TA • One Comment

MasterCard (MA) Buy Setup

MasterCard (MA) gapped up on high volume in late July, breaking 3-month resistance at 189. It shows no progress at all in the last 8 trading days.

The opening price of the rally day, at 206, has become a major inflection point, with a spike through that level triggering a buy signal for a rally that [...]

August 11, 2009 • Posted in: ALERT, TA • No Comments

Natural Gas Finally Pounding Out A Bottom

Natgas futures are up over 10%, with the contract rising off a successful test at the April low near 3.30. It looks like the bottom is finally in for this underperforming commodity.
Perhaps it’s no coincidence that the northern hemisphere just passed through its hottest period of the year (around July 20th) and is now headed, [...]

August 3, 2009 • Posted in: TA • No Comments