May 23, 2013

BERNANKE CAUSES OMINOUS TECHNICAL PATTERN $SPY $QQQ $ FSLR $TBT $SCTY $TBF $AAPL $GLD $SLV

In the wake of Bernanke’s testimony before Congress and the release of Federal Open Market Committee (FOMC) meeting minutes, the U. S. stock market traced an ominous technical pattern.

In traditional technical analysis, this pattern is known as an “outside day.” The outside day is visible on the chart of the SPDR S&P 500 ETF Trust SPY.

Please click here for the chart.

A similar pattern is seen on other broad index ETFs such as PowerShares QQQ Trust Series  QQQ  and iShares Russell 2000 Index Fund IWM .

An outside day is characterized by a high higher than that of the previous day and a low lower than that of the previous day.… Please click here or the title below to read more.

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EIGHT REASONS TO BUY MICROSOFT’S NEW XBOX ONE $MSFT $SNE $AMD $GME $EA

On Tuesday, Microsoft raised the curtain on its new Xbox One.  I’m impressed. Here are the eight reasons to buy Xbox One.

Faster Hardware: Xbox One is powered by an eight-core processor.  The processor is based on Jaguar design by AMD. The processor is customized for DirectX 11.1 graphics and contains 32 MB ESRAM memory.  The system supports 8 GB of RAM, but RAM does not appear to be GDDR5 as in PlayStation 4 from Sony .  There is a Blue-ray drive, 500 GB of hard drive, a USB 3.0 port and fast Wi-Fi using IEEE 802.11n standard.

Improved Kinect: Kinect allows the user to control the Xbox with gestures. … Please click here or the title below to read more.

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