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Archive for June, 2009

RIMM

Tuesday, June 30th, 2009

Bear Flag?  Time to short?

Look for a break of the $67.43 level to the downside with heavy volume.  Average daily volume is about 20 million shares per day.

Cramer and the housing bottom

Monday, June 29th, 2009

As most of you know, I do not like Jim Cramer.  Everyone knows that Cramer has called a bottom in housing about 20 times.  On September 7 2008, he said June 30, 2009 is going to be the official date of the housing bottom.  Well, tomorrow is the big day. 
I would like to share [...]

J’s Watchlist

Sunday, June 28th, 2009

I received an email asking for a watch list because I have not done one in a while.  Ask and you shall receive.
Here is what I am watching with a close eye – in no particular order:
1) (GS: 147.29 +7.51) – This stock opened on Friday at its 21 day moving average ($144.43) and [...]

Fed Statement

Wednesday, June 24th, 2009

Press Release

Release Date: June 24, 2009
For immediate release

Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. Conditions in financial markets have generally improved in recent months. Household spending has shown further signs of stabilizing but remains constrained by ongoing job losses, lower [...]

Tuesday notes

Tuesday, June 23rd, 2009

I was re-reading one of my posts from earlier this month.  Yes, I use this web site as a journal for my thoughts on the market.  Specifically, here is a comment made my re-think some ideas on the market
Many traders are saying to buy this pullback, but I would rather be cautious as this could [...]