Every so often it seems Mr. Market likes to mock technical analysts by going against all known indicators. Sirius XM had fallen to levels last seen in January, only to rebound within minutes. A head and shoulder pattern emerged and SIRI dipped, only to rebound again into an inverse head and shoulder pattern that...
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Since Sirius XM first announced the future generation of SATRAD 2.0 a year ago, we have speculated on what it could mean. That speculation fueled by patents has led to rumors of video, song purchase capabilities and even led us to discover a future Apple iPhone with Satellite Radio chipsets in the mix. While much of that remains speculative,...
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Before we get to the usual order of business, there are some plays on Irene that you might want to be aware of. On the short side, insurers are the easy target. For traders, I would suggest looking at Home Depot and Lowes which will benefit in a multitude of ways as people look to...
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Around the world, economists and experts alike agree that nothing significant will come from Jackson Hole. Well allow me to disagree for one reason and one reason only: EGO. The Bernanke must announce QE3 for the simple fact that not doing so is an admission of the failures of the previous “queezes.” The data...
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The Problem A spate of frightening headlines has led to two troubling declines in financial instruments. The first, of course, is the decline in equity prices that has everyone worried about their financial futures. This drop in stock price is in everybody’s face and therefore commands prime time attention by the media. Of course,...
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Yesterday I issued a follow up trade alert on SIRI after it broke through $1.62 at $1.61. This follows an alert issued the day before at $1.69. SIRI shares fell to a low of $1.59 and bounced back to $1.71. Did I get it wrong? Not likely. Two weeks ago I suggested $1.61 was likely,...
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