BUY TO COVER ANOTHER 10% ON SHORT S&P 500 $SPY
June 24, 2013
This post was just published on ZYX Short Change Alert. Consider buy to cover another 10% of short of SPY right here around $156.10.
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This post was just published on ZYX Short Change Alert. Consider buy to cover another 10% of short of SPY right here around $156.10.
The battle between the new generation of gaming consoles from Microsoft MSFT +0.32% (MSFT) and Sony (SNE) is on. Sony won round one when Microsoft tried to impose its highly unpopular restrictions on used game sales and internet connectivity on Xbox One. Microsoft has tried to neutralize Sony’s advantage by rescinding the restrictions. Microsoft is counting on what it’s calling “Project Mountain” to help Xbox One beat PS4 from Sony. Project Mountain is a massive data center to be based in West Des Moines, Iowa. The Des Moines Register reports that the Iowa Economic Development Authority Board has approved $20 million in tax credits for Project Mountain. Microsoft
This post was just published on ZYX Buy Change Alert. Congratulations to those holding VHS. The stock has jumped 64% on a buyout offer by THC. The stock was originally recommended not that long ago on March 25, 2013. Most subscribers are holding 35% + of the full core position size. Subscribers are also holding THC which is also up about $4.00 as of this writing. VHS has received a $21 offer from THC. THC is long with an average price of $20.40. Currently, 15% of the full core position size is being held. Profits have been taken as high as
Financial media pages are full of hindsight. The problem with hindsight is that it does not make any money for investors. Investors need foresight. Unfortunately, foresight is hard to come by. Further, investors face the difficult task of figuring out what works and what does not. Based on my 30 years of experience in trading and investing as well as after extensive backtesting, I feel comfortable saying that a judicious combination of traditional technical patterns still works to help investors with get an idea of future market direction. Let us start out with a very recent example of how these
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) QUADRUPLE WITCHING DAY June 21, 2013 Today is the quadruple witching day when stock index futures, stock index options, stock options, and single stock futures expire. At times quadruple witching can cause excess volatility. This morning markets are showing signs of stability with small oversold bounces. It will be interesting to see how the market closes. Friday afternoons, especially after an event like this week, are especially treacherous. Our stance remains selective buying, selective shorting, and
This post was just published on ZYX Short Change Alert. Yesterday we recommended shorting a 5% tranche of SPY and a big tranche for those not in the position. Consider taking profits on the 5% tranche from yesterday right here around $159.45. For those who initiated the position yesterday and have a 15% to 20% tranche may consider taking profits on half right here around $159.45 and hold the other half. Another option is to put a protective stop in the zone of $160.27 to $160.43.
This post was just published on ZYX Buy Change Alert. Consider taking profits and exiting VXX right here in the zone of $20.95 to $21.10.
Both Sony and Microsoft MSFT have announced new gaming consoles; Xbox One from Microsoft and PS4 from Sony. Gamers have been complaining about two new requirements that Microsoft imposed on Xbox One. First Microsoft required at least once a day Internet connection and second, it restricted the reselling of used games. Microsoft was playing a game of chess with Sony. Sony was smart to let Microsoft make the first move and alienate gamers. Sony went on attack by imposing no restrictions on used games and not requiring an online connection to play games. The result was that at last week’s E3 conference, PS4 won a