Tze (2011-09-16 Trading Day):
Download our Excel based Stock Model Output file for this week. (Link: http://www.focalequity.com/2011/09/12/spy-stock-market-analysis-for-ending-week-09092011/modeloutput_20110909/)
Let’s talk about some crazy stocks! Netflix, Inc. (NASDAQ: NFLX): continues its devastating drop as both our model and chart have been indicating. The stock plunged close to 19% today. Currently, NFLX ranks 3,278 out of 3,514 in the model. This terrible ranking and the chart below indicate that this stock should continue to be shorted after any type of counter trend rally. With the peak volume and ATR, there will most likely be a counter trend rally, perhaps all the way up to the 14 SMA.
Here, Transcept Pharmaceuticals, Inc. (NGM: TSPT): almost DOUBLED in a single day. The stock ranks ok in our stock model. It ranks 1,577 out of 3,514. The stock easily shot past the 14 SMA and 50 SMA. But the key here is pass through the 200 SMA. After such a big jump, the stock might pull back but we are fairly bullish on this stock for the short term.
Horrible day for the RIMM stock. Short sellers are piling onto this stock like there is no tomorrow.
NFLX continues to get dumped. AAPL is approaching $400 again. TSPT is consolidating.
Gold’s $2,000 is now put in doubt. But a collapse is probably unlikely. Silver likely has had its run for the year. We probably won’t see the metal reaching $50 for while.
What do you think will happen to Gold?
Nothing until the next round of crisis during which time it will climb to $2,000 probably its peak for a while.