Today's Twittered Tickers $AA $C $FAZ $SRS $USO

Here are the tickers making noise on StockTwits

Alcoa is pulling back into support, and technically remains in an uptrend. This may be a good long candidate once the market stabilizes, but stay away until another X gets printed.

Time for a wholly spurious prediction. Citi will go to three and announce there is no problem because their financial position is sound. The next day they will be bought by (insert remaining bank here) for the price of a Snicker.

FAZ looks like a strong candidate FTW as we enter another wave of financial obliteration.

I've been shorting IYR rather than buying SRS because I'm a huge pussy. That will stop now that the bears are back. This looks like a smoking long.

USO is getting slammed into its final level of support. I'll get long once I see an X printed, but if we break 27, look out below.

If you're searching for a bounce, try looking at SPY from November 20th to January 6th. Boing! My indicators say we're heading lower, so I'm selling the rips as I suspect we're due for a retest of the November lows.

Today's Twitterd Tickers $CTDC $SPY $SRS $TBT $USO

Here are the tickers making noise on StockTwits

CTDC is showing a basing pattern, and a high volume Bollinger break in an uptrend. This looks like something worth buying on dips, but it is currently over extended.

The SPY is showing encouraging stability and remains in an uptrend.

If the shit hits the fan, SRS will be a good place to get involved, just look at that volume! Real estate has not kept pace with the recent rally and may have more downside to come. This is a very speculative long, beware.

TBT continues to rip upwards on huge volume. This is proving to be a great, low volatility trade in a fundamentally sound direction. Great risk/reward in this one. I'm buying the dips, rips and whatever else the tape can give me.

Oil continues to make an impressive rebound, and though we may have a pullback, I suspect this is the real bottom. Clearly, it is too early to say with certainty, but I'm buying DXO intraday and DBC for longer term positions. The risk reward has been PHENOMENAL.

Today's action was great, even if the indexes ended up a tad red. Treasuries are still weakening which is giving a boost to oil and emerging markets. There is also excellent action in fixed income, but I'll provide those charts in the next post.

Blamo!

The market shat on the bulls Friday, which made tons of cheddar in SRS, SKF, TWM, DXD. UDN, FXF and FXY are trading at all time highs, and continue to show strength as the markets weaken. Commodities were mixed as DBA moved lower w/ USO, and the precious metals IAU and SLV remain unchanged. GDX, EEB and SLX collapsed today, falling between 2 and 4%.

If the emerging market continues to weaken, I suspect we will visit the January lows, so keep the long trades hedged, or on a short leash. If EEB stays below 50, I will either exit or reduce my position. I'm still market neutral with a short dollar bias, but if the XLF can stay below 26.20, I will increase my position in SKF. Banking indexes have fallen roughly 7% in the last 2 days, and look poised for further deterioration.

IAU and SLV continue to offer a safe haven in this fiasco. Even though they are trading at lofty nominal heights, adjusted for inflation, there is plenty of room hard assets to run. Right now the Dow @ 12300 is worth ~13oz of Gold @ 960. I suspect this ratio will continue to favor gold, considering that sometime in 2000, the Dow was worth more than 40oz of Gold when it traded ~300. Peter Schiff predicts that the fall of paper equities will bring the ratio to a 1:1 parity, and points to the 1970's as a similar phenomenon. This implies a DJIA trading @ 5000 w/ Gold @ 5000. While I'm not quite as optimistic (pessimistic?) as Peter (not yet anyhow), 5:1 seem achievable without much difficulty. Dow @ 10000 and Gold @ 2000? Sounds good to me.


On another note, what happens when a civil judgment is entered against you in NYC for public urination?