ADDING TO SPY SHORT $SPY
The market is very overbought and approaching heavy resistance zone of $154.70 to $157. Adding a 10% tranche short to the SPY position right here at $154.79.
March 6, 2013
The market is very overbought and approaching heavy resistance zone of $154.70 to $157. Adding a 10% tranche short to the SPY position right here at $154.79.
Since I often take the minority view, I am used to receiving lots of hate mail. Regarding Apple, the hate mail I receive usually spikes when I write that Apple is overly dependent on subsidies from phone carriers or when I write that my research shows Apple is facing
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) DOLLAR STRENGTHENS IN PERVERSE MARKET ACTION, GOLD VOLATILE March 1, 2013 Today is the day that sequestration sets in. Many had expected the dollar to
As BlackBerry attempts to stage a comeback with BB 10, one aspect of its sales pitch is that BlackBerry is famous for its security characteristics. Now BlackBerry is losing its security aura. The timing could not be worse for BlackBerry of a security warning coming from Canada. Canada.com reports that the government department in charge of cyber security
This post was just published on ZYX Short Change Alert. SPY is very overbought, but still has the potential to run to $155. It is at $152.10 as of this writing. Currently 25% of the full core position size is being held. What To Do Now? Those in the position may continue
It is said that imitation is the sincerest form of flattery. Apple’s Passbook app has a new fan in Samsung. At Mobile World Congress in Barcelona, Samsung introduced its new Wallet app. The preliminary details show that the Wallet app imitates Passbook in several respects. Apple’s Passbook app allows users to handle mobile payments
At the annual Mobile World Congress in Barcelona, Huawei introduced the world’s fastest smartphone. Most Americans have never heard of Huawei. Huawei is no small fry; it is a large Chinese company. Its principal business is networking and telecommunications equipment. It has overtaken Ericsson to become the largest telecommunications equipment manufacturer in the world.
The Boot to Gecko project (B2G) being developed by the Mozilla Foundation is now ready to challenge Apple and Google’s dominance of mobile devices. Mozilla Foundation is a not-for-profit entity that is the producer of the popular Firefox browser. Mozilla Foundation also has a tax-paying subsidiary called Mozilla Corporation. B2G Firefox OS B2G is
The stock market has been overbought for a while, and overbought markets can be vulnerable. Usually there is an excuse in the form of bad news that runs the overbought market down to alleviate the overbought condition. Monday was no exception. The bad news was that in Italy, Berlusconi garnered more votes than expected. He
This post was just published on ZYX Buy Change Alert. The position is long with an average price of $20.40. Currently, 40% of the full core position size is being held. Profits have been taken as high as $39.26. THC confirms FY13 adjusted EBITDA view $1.325B-$1.425B. THC also reports Q4