Twitter Tickers

Some ideas from the global consciousness of StockTwits.com

ENER is rallying into resistance.

So is ESLR.

The solar plays look like better shorts, but you won't find me fighting the uptrend.

Gold miners are showing some encouraging strength above support, how about a scary pullback?

CPB can rally, but I suspect Staples will under perform relative to other sectors during a bounce.

For the most part, I don't think this is a stock picking environment. There are so many risks out there, I don't see how taking on company specific risk can be advantageous. Though there are some interesting stocks that have tons of cash per share and low debt, I'm more interested in sector themes to be traded via ETF. Gold miners via GDX remain the sector to beat, and if this market can maintain its current short term uptrend, it won't matter what you own, EVERYTHING will rise.

Turkey Talk

A few ratios and some interesting developments.

US Equity / US Bonds have reached a prior level of support. Watch for resistance.

Another day of advancing volume significantly outweighing declining volume.

The US Dollar looks ready to break its recent and sharp uptrend, implying slowing momentum.

Silver is putting in a nice base, and is beginning to look like a buy.

More evidence of a potential reversal in sentiment is coming to light, but risks remain high.

Wednesday Wrapup

The short term uptrend grows stronger by the day.

The Bullidex (Bullish Percent Index / Volatility Index) has finally registered some new X's.

More stocks continue to rise above the 50dma on decreasing volatility.

Finally, an increasing number of stocks are trading at new highs.

Market internals continue to strengthen as an increasing number of stocks are rising with less volatility. With many companies trading at low valuations, unprecedented levels of liquidity, and a psychologically stunned general public, the conditions remain optimal for a rally.