Posted by Martin April 15, 2013

Gold Sank Faster Than Titanic. Are You Panicking?

Today’s trading was fascinating. My account was red and full of blood as never before. A true blood in the streets. A massacre. It was not only Gold which sank deeper than on Friday on a lot larger volume than on Friday, but the entire market followed. If you follow my Facebook fan page, I Continue reading →

Posted by Martin February 28, 2013

A Year Old Wishful Thinking on Banning Menthol Cigarettes

A Year Old Wishful Thinking on Banning Menthol Cigarettes

This is just a quick thought on what’s happening with Lorillard (LO) recently and why the stock dropped so dramatically in last few days. About a year ago and many times before FDA came out with an idea to ban menthol flavored cigarettes. Their reasoning was that such a ban would benefit to the public Continue reading →

Posted by Martin February 22, 2013

Is Lorillard offerring another buy opportunity?

Is Lorillard offerring another buy opportunity?

I think Lorillard is offering another buy opportunity. On Friday session the stock dropped by 4% and hit 200 day MA. That is the kind of a retreat I usually look in stocks of my interest to add more shares. I am not buying yet, since the stock may continue sliding down, but I entered Continue reading →

Posted by Martin February 21, 2013

Market correction

Market correction

The market finally truned into a correction. Hold your hats, we may be running low. My estimate is to pull back down to $145 – $146 level (SPY). Have you saved enough money to buy more stocks?

Posted by Martin February 20, 2013

Is today’s trading marking the beginning of the correction?

Is today's trading marking the beginning of the correction?

Today’s trading was hectic and markets fell hard after FOMC meeting. The market is idicating nervousness and today’s price action – extended bearish candle may indicate the end of the trend. Almost all my stocks fell hard as well. I am not that concerned about it however, since I have been expecting correction since two Continue reading →

Posted by Martin February 19, 2013

Market expectations

Market expectations

Today’s trading is over and the markets added to their gains and added to their overbought pressure. Everybody is already talking about correction behind the door, but the market is still strong and marching up. Investors are still pouring new money, moving more cash to the stocks on every dip. It really is something which Continue reading →

Posted by Martin February 05, 2013

A correction? Looks like not.

Yesterday I wrote about a possibility of market turning into correction or pullback. I was aware however about new money flowing into the market, although in slowing pace than a month ago (see the yesterday’s chart and Chaikin Money Flow; any value above 0.10 is considered as heavy buying, although it is slowing down). Today, Continue reading →

Posted by Martin February 04, 2013

A correction? Finally!

A correction? Finally!

Today, we probably have experienced a long anticipated correction to this extended market. It was a very impressive run, but in my opinion the stocks got expensive. Almost all indicators were in heavy overbought territory and a break was imminent. The question was, when. Was Monday the beginning of a correction? If so, I would Continue reading →

Posted by Martin January 23, 2013

Do you have your cash ready for market pullback?

Do you have your cash ready for market pullback?

In my previous article I advocated for keeping cash in my account for potential purchases when opportunities show up. The principle I was looking at is save cash in the account during market upward run, minimize buying, only when a stock you are interested in shows you an excellent buying opportunity such as a dip Continue reading →

Posted by Martin January 03, 2013

Is Abbott providing a chance of doubling your money?

Recently Abbott realized a spinoff when the company split into two entities – Abbott (ABT) and AbVie (ABBV). If you happened having some shares of ABT, right now you should have the exact amount of shares of ABBV in your account. Both stocks are now prices roughly at the half of the previous ABT price. Continue reading →