By Brandon Matthews Last week, I wrote a series of articles on Point & Figure Charting, that concluded with my assessment that shares of Sirius XM Radio (NASDAQ: SIRI) were poised to run. The upward bias in share price has continued unimpeded as the Russell Rebalancing becomes more and more significant. Based on some...
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By Brandon Matthews I spent the better part of the weekend thinking about Sirius XM Radio (NASDAQ: SIRI) and the upcoming Russell Reconstitution, after being asked repeatedly how I would play it. I had previously suggested a strategy for traders to place Good Till Canceled plus extended hours limit orders at high price targets...
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By Brandon Matthews Sirius XM Radio (NASDAQ: SIRI) closed yesterday at $1.04. In doing so, a triple top breakout on my point & figure chart has occurred. This suggests that demand for shares is beginning to outstrip supply, and the likelihood is for shares to trend higher. Late last year, Sirius XM shares formed...
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By Brandon Matthews For months I had written that Sirius XM Radio (NASDAQ: SIRI) was a prime candidate for Russell Rebalance inclusion. When the list of additions and deletions was made public, I confirmed that Sirius XM had made the grade. Despite putting forth the correct information, there are still elements of Sirius XM...
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By Brandon Matthews In part three we took a look deep inside the media sector. Why media you may ask? The stocks mentioned have very little if any exposure to the Euro or any potential Asian contagions. I believe that the large institutional money managers will seek shelter from these potential international storms such...
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By Brandon Matthews In part one, we took at look at the NYSE Bullish Percent. I would now like to introduce you to what I have come to believe is the most important chart in my arsenal next to the NYSE Bullish Percent. When I was a working broker, I studied Point & Figure...
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