Flipping through the charts this long weekend, I also see that First Solar (FSLR) set up short. It has already triggered, but the minimum target is so far down there that you should still take a look at it.
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Bad News for Gold Bugs
Despite the broad market sort of collapsing, gold isn't doing much. In fact, Barrick Gold (ABX) looks like a short to me for the third time in three years. Frayed-shirtcuff Elliott Wavers spotted a short set-up in February 2014, and again in May 2015. Now in January 2016, the voodoo is projecting a target price of $4ish. Ugly.
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Single Letter Ticker Symbols
- A - Agilent Technologies Inc.
- B - Barnes Group Inc.
- C - Citigroup Inc.
- D - Dominion Resources, Inc.
- E - Eni SpA
- F - Ford Motor Co.
- G - Genpact Limited
- H - Hyatt Hotels Corporation
- I - Intelsat S.A.
- J - none
- K - Kellogg Company
- L - Loews Corporation
- M - Macy's, Inc.
- N - NetSuite Inc.
- O - Realty Income Corporation
- P - Pandora Media, Inc.
- Q - Quintiles Transnational Holdings Inc.
- R - Ryder System, Inc.
- S - Sprint Corporation
- T - AT&T, Inc.
- U - none
- V - Visa Inc.
- W - Wayfair Inc.
- X - United States Steel Corp.
- Y - Alleghany Corporation
- Z - Zillow Group, Inc.
Interesting post from 2005 on the turnover of single letter ticker symbols.
ETF Trading Portfolio Update -- January 18, 2016
No changes this week.
Opening Minutes Range Reversals
Linda Bradford Raschke probably has a name for this one ... needs to be high percentage because the risk reward ain't great. Not for the aged.
The Great Carly Simon Nipple-itis Record Cover
You're so vain, indeed. (Sadly, later had a mastectomy.)
Summer Scooter Selection
I plan to buy a scooter next summer to zip around the countryside on ... there are two 49cc choices offered by the Japanese for tough guys like me: the Yamaha Vino and the Honda Metropolitan.
From an aesthetic viewpoint, I prefer the Vino: two-tone paint and sharper wheels. Not sure how much they differ in price. Would be nice to take the kids to school on a scooter instead of firing up the CR-Vibrator for a five minute trip twice a day. Wonder how well a 49cc machine can handle the hills of Ithaca, especially while hauling my Falstaffian bulk.
Yamaha Vino in Rosewood Brown
Honda Metropolitan in Red
GoPro Downtrend in Place Since Last Summer
Here's the complete record of how my trend-following system has handled GoPro since it IPO'd back in the summer of 2014. Some losses, a gain, but most important: disaster avoided. Again, any institution that has a frayed-shirtcuff chartist on the payroll has to be glad.
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Avoiding Disaster in Valeant Pharmaceuticals (VRX)
Again, applying my trend-following system to a single stock, this time Valeant Pharmaceuticals. Mr. Ackman clearly doesn't have a frayed-shirtcuff chartist on his staff who can identify trend reversals. For what it's worth, the system got long VRX again in early December; probably will wipe out the gain from earlier, but only time will tell.
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Now We Just Eat Nuts And Berries
No good live versions so I'm forced to link to this: