LOWERING QQQ STOP
July 24, 2012
This post was just published on ZYX Short Sell Change Alert Consider lowering QQQ stop to $63.52.
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This post was just published on ZYX Short Sell Change Alert Consider lowering QQQ stop to $63.52.
This post was just published on ZYX Short Sell Change Alert Based on the new earnings data, our plan on QQQ has changed. Teh new plan is to take profits and exit the position. Conservative investors may simply take profits right here in the pre-market around $63.52. Aggressive investors may put a protective stop at $63.77. As the day passes and the stop is not hit, we will be looking for an exit point. Stay tuned.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) MADRID PROTEST BRINGS MARKETS DOWN July 20, 2012 Police fired rubber bullets on protested in a huge demonstration in Madrid against austerity. 39 people are reportedly injured. Yield on Spanish bonds has surged over 7%. After a string of earnings better than the worse case scenarios, GE disappointed this morning. Some of the positive move in the stock market this week is technical in nature as it relates to option expiration. Expect a volatile day ahead. Gold
This post was just published on ZYX Short Sell Change Alert Plan on QQQ is to short more in small tranches if the stock goes higher. Temporarily no stops. Target $61. to $62.
This post was just published on ZYX Short Sell Change Alert Initiating a 10% tranche short on QQQ right here around $65.03.
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) CHINA GROWTH LOWEST IN THREE YEARS July 13, 2012 Chinese GDP growth fell to 7.6%, its lowest in about three years. The number is in line with expectations. Moody’s lowered Italy by two notches. As expected, European markets responded by going up. Expect a lot of short covering today. Gold futures are at $1581, silver futures are at $27.36, and oil futures are $86.95. S&P 500 resistance levels are 1339, 1348, and 1352; support levels are
In the latest MacBook Pro with Retina display from Apple (AAPL), the battery is glued to the case. Apple made it almost impossible for an average person to replace the battery. From a teardown report from iFixit, it appears that Apple went out of its way to make sure that even professionals could not remove the battery. It took iFixit two days to remove the battery and in the process the battery was punctured. I have ended up replacing the battery at least once in every laptop I have ever owned. A typical lithium battery becomes less than satisfactory after 300 to 500
Now it is universally accepted that growth in China is slowing. If a large number of communications that we receive are any indication, North American investors make two underestimations: first how much China’s growth is really slowing, and second how much it can hurt their investments in stocks, bonds and commodities, including gold and silver. After a careful study of the Federal Open Market Committee (FOMC) minutes released yesterday, my view is that the subject of China’s slowing growth has become more important for North American investors. China Is Slowing The Chinese economy has been on a tear for a