Tze and Roller Coaster: (2011-10-24 Trading Day) – Submit your questions and comments in our comment section through the comment link.
Stock Highlights:
Please download our newly WEEKLY updated STOCK RANKING MODEL here:ModelOutput_20111023
1. NYSE: CAT (Caterpillar Inc.)
Caterpillar has broken it’s uptrend, and also the 50 SMA. It ranks poorly in the Stock Model at 2327 out of 3514, making it a short candidate. It’s finding support at the 200 SMA, but we don’t expect this bounce to last.
Key Leveraged ETFs:
Download our latest leveraged ETF model update using closing prices as of 10/20/2011. Download the DAILY updated model here:ETFRanking_20111021
2. NYSE: YCS (UltraShort Yen)
YCS has a quintile 1 in the ETF model. The YEN had made a record high, and we can expect the Japanese government to intervene. The ATR continues to go lower, which can mean the downtrend is weakening.
2. NYSE: EEV (UltraShort MSCI Emerging Markets)
EEV has a quintile ranking of 1. It has made a saucer bottom and is beginning to show upside momentum. The recent pullback to the SMAs can be a buy opportunity.
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This rally seems to have legs.
Yes it does. But there is still a possibility that this is just a test of major resistance. We need to see if this rally holds.
Seems to have legs? FFS the market is at it’s high since 2009 and come back dam near 14% in the last 20 days. I told ya’ll the S&P will break 1260 and that it will do. Be long be strong the bears are dead.
NFLX is getting crushed in after hours mercy sakes alive!
Yea tell me about it. $86. God have mercy for those who bought in the 200 to 300 areas.