Getting Long Gilead

I could so get long Gilead Sciences [GILD] here as its been forming a huge symmetrical triangle since 2008 and while not broken out yet, I like an entry here @ $43.30 with a stop below $42.50 [risking less than a buck].  This would be more of a safe haven play for 2010 and could…

A Bio-Terrorism Play

A possible play for 2010 with mounting worries of terrorism since the Christmas bombing attempt could be Emergent Biosolutions [EBS].  This anthrax vaccine manufacturer has long been forming a long symmetrical triangle [a continuation pattern].  While the pattern itself has not broken, it has been under distribution since September and MACD is now showing positive…

2010 Bradley Model

Thought I’d start off my new year by revisiting the Bradley Model dates for 2010; first of which is March 1st and lasts prettymuch until mid August.  If you’re not familiar with Bradley, here’s a previous post for a better understanding but this date is interesting because many *anal*ysts and television commentators have mentioned 2Q as…

Farewell, Adios, Adieu ’09

One trading day remains in the year that saw “The rally off the March bottom” and to be honest, I find myself so relieved I could run screaming naked out the door and through the snow; buuuuuut since I have no desire to offend my poor neighbors [or spend a night in jail] I shall refrain.  I’m merely sick…

Heavy Put/Call Ratios

You can find a trade in the darndest places, like a high Put/Call ratio in PETM.  With a put/call of 20.8 on Thursday, I had to see why.  No earnings.  No bad news; its more technical than that.   Not only does the MACD Histogram have negative divergence [smaller with each attempt as price went higher]…

Silver Seasonality

By request, silvers seasonality.  (High: May or Sep//Low: Jun or Dec) The effects of the normal contango price structure are especially pronounced. With each successive contract priced at a premium to reflect carrying charges, rollover produces a deceptive “rally.”  IMHO seasonality hasn’t been an effective driver or deterrent in ’09 but it still should be taken…

Reading The Railroads

KSU lead the pack with a breakout last week but here are four more either just broke out or near one.  Based on pattern size I’m not expecting much but have been proven wrong before.  At the very least, they’ll hopefully suffice for a Santa Claus rally trade. [Footnote]  Throw a Bollinger Band on CSX…

Now Boarding……

In an earlier post I highlighed Delta Airlines [DAL] for a swing trade with airlines benefiting from lower crude oil pricing.  Delta seems to be leading the pack however here are a few others for your consideration with their 50d now trading above the 200d; a better sign of health imho. When in doubt, check the airline index…

Short Memory or Memory [DRAM] Shortage?

The world of computer memory chips or DRAM has been plagued with overstock, lack of demand and simply too many  players in the field since the tech bubble and their stock prices suffered horribly as evidenced by this 10yr monthly chart of MU.  Factories were idled, most were forced to sell at a loss and inventories were high.   But the…

Ze’ Plane….Ze’ Plane

Just a quick note that although I had posted long ideas in airlines recently, you may wish to take some off the table or exit the positions altogether with the terrorist news on Christmas Day.   We’re talking tighter security restrictions and all around a not fun time flying going forward.  If going short, look for setups…