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My just-posted bullish posture (sentiment-wise) in Crude Oil is balanced by a textbook sell signal on the Daily chart.

The Oil ETF (USO) reflects futures markets, which both have just experienced an upside move outside the 4-month uptrending channel. In short, it looks euphoric and ripe for a pullback if not all-out top. FWIW […]

Using history as a guide, this spike in Oil prices will likely not burst while so many people — frustrated from previously wrong calls of a top at $80, $90, $100, etc — continue calling it a “bubble.”
The absolute peaks of moves like this typically aren’t reached until even the bubble-callers give up, get quiet, […]

The past few weeks have produced a variety of chart setups that represent solid opportunities. Itron (ITRI) is one that we bought shares in today.

ITRI’s stock price just launched above $100 for the first time in months. We are looking to make several dollars per share from the trade in less than a […]

This market was negative this week for the first time in what seems like forever. Stocks kept showing a tendency to sell off during the afternoon hours, and Thursday saw the most relentless selling pressure since the March lows. I believe there is more to come.
Currently, our ManyPeaks clients are out of most […]

In stocks, there’s no such thing as “perfect” but this is about as good a setup chart as you’lll find. I’d thought this one would hold off and be a great play on the leadup to the 2007 NFL season. Perhaps March Madness is madder than usual at their stores this year?
Regardless, […]

We experienced a a solid upside week in the equity indexes. Teewinot captured some of the nice moves made available to us and will attempt to build on those gains in the coming weeks. Our smattering of stocks performed well, our short hedge lost a little, and clients’ Railroad stock holdings — our […]

I’m not here to rehash the game itself.. Chris Berman & Tom Jackson do a great job, so we’ll stick with my area of knowledge. Plus I bought a Bears contract for $30 on World Sports Exchange during the 2nd quarter (sold out at $20 just before halftime), so what do I know.
First off, […]

Judgement on my inaugural Mea Culpa might have been a bit premature. Stocks were kosher even with a 5% spike in oil prices, as the indexes tacked on a few tenths of a percent to the upside. Volume was low as the big boys did some hand-sitting in front of the Fed decision […]

Somehow we got another record close in the Dow ahead of the 3-day MLK holiday weekend . The environment certainly didn’t seem that strong to me, probably because the leading stocks were oils & steels — and most of these looked like dead-cat bounces from an extemely harsh start to 2007.
Our ManyPeaks accounts […]

While not enthusiastic about the index charts, I’m eying and acting on several individual stock setups. Atlantic Tele-Network (ATNI) is one exsiting position that we added to today because of the range & volume contraction that followed last Wednesday’s big volume breakout.

Other buys & adds today include RPRX, SYX, LAYN, GRC, PWR.
The Goldman […]