Twitter Weekly Updates for 2009-07-26

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July 26, 2009

  • The $SBUX weekly chart looks awesome. I don't know why or care. #
  • Bernanke speaking seems very dog and pony. Market usually responds well to a good show – even though the market is a little OB $$ #
  • $SBUX is virtually guaranteed to make a new high in the next few days. I have no position and will not be buying, just looking at chart.$$ #
  • I didn't realize $SBUX has earnings tonight. That makes alot of sense according to what the daily chart is saying. $$ Bet it pops. #
  • Seriously what happened to Pisani's voice? Was this ever figured out? $$ #
  • Yeh baby. $SBUX popping a dollar +. I have no position, just read the chart all day and yesterday. $$ http://bit.ly/JNbfW #
  • $FLEX new high. Old tech stocks rule the market now, at least the charts do. $$ #
  • As mentioned last night on the blog. If upside came today, I'd cash my index longs ($NDX,$SPX,$RUT). Waiting for overbought to relieve. #
  • Sold $ERX for 3% and 2% #
  • Sold $TAN while it still had a gain. Might revisit. #
  • $RUT could break upwards here at session highs….beware of total fake out today or at close. I'm a buyer though on a 1-2 d pullback. #
  • http://bit.ly/15BY7P I'll be taking some sort of short position in the indexes at the close as long as we don't sell off too hard. $$ #
  • Short term pb on the table for $FLEX, sign of strength though. #
  • Bears: Don't get a boner for the virtually guaranteed selloff tomorrow. Trend is up – choo choo $$ #
  • I also like $QCOM on the dip (just watching Fast Money now) agreeing with @terranovajoe. Longer term charts for $QCOM have signaled up. #
  • Today's action plowing through overbought is a very strong sign. $$ #
  • Best winners this week so far are: $CHINA, $TWER, $SFE, $RAE, $FLEX, $AGO, $CSR, laggers: $AVII…whoa just checked $TWER again! #
  • Kept the stocks, shorting the indexes at close $SPX, $RUT, $NDX .. high probability gotta take it. QQQQ down 50 cents ah looking decent. #
  • $AMZN and $MSFT are excuses for a pullback that should have happened today. Not a big deal. I'm short indexes, long stocks, trend is up.$$ #
  • $MSFT enterprise products have been getting crushed ever since linux, mysql, php, and other open source movements started years ago. #
  • Carter Worth is "speakening my language" (Men at work). Specifically the powerful effect of tech sector and what it means longer term. $$ #
  • $TWER closed up 50% today, purchased on Monday. Not taking profits yet. #
  • $EBAY beat earnings because everyone is holding garage sales, therefore $EBAY had more fees. (I'm guessing), go $CHINA #
  • Selling index shorts, not going long, adding to $AVII #
  • Sucked some gains out of my overweighted $RAE, and rolled that into $AVII, nice daily chart pattern brewing there. #
  • Daily pattern on $NRF still looking good and I like the $UAUA call going into next that @BuyOnTheDip and others are talking about. #
  • Don't be shocked when the market sells off as the $GS front running news gets more heat. That will be the excuse when that happens. #




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