Recent content by Catalite

BODY looks like it may move out soon. See my blog listed on the first page of this journal.

United Rentals (URI) looks like it has more upside potential here. See my blog on WordPress listed on page one of this journal for more details.

Jesse Livermore might say Apple has a speculative chart with a possible topping formation. For more details, see my blog link listed on page one of this journal.

Instead of buying the stock outright, a better play here is to sell the May 19, 2012 50 strike puts for $0.8 for an annualized yield of 19%. See my blog at Wordpress listed on the first page of this journal for full story.

MCP has formed a constructive five month bottoming pattern and broke out of that pattern on heavy volume at the end of March. The stock is currently testing the breakout area. A brief analysis can be found at my wordpress blog listed on page one of this journal.

Should the crack spread continue to widen, Western Refining (WNR) should benefit. Cut backs at ConocoPhillips, Sunoco and HOVENSA refineries may continue to expand crack spread. See the article at my blog listed on page one of this journal.

Michael Kors Holdings (KORS), a marketer of designer apparel, accessories and footwear under the Michael Kors name, went public in December at $20 and ran sharply higher to the $50 area by mid-March where it is now forming a constructive consolidation. For more details, see my blog at...

Zillow Inc (Z), a provider of online real estate data that connects homebuyers with sellers and mortgage professionals via www.Zillow.com, rose over resistance today in a bottoming base on volume 137% over 50 day average volume. More details at my blog on WordPress -- the link is listed on...

While the stock of Johnson & Johnson (JNJ) has the same value it had ten years ago, the company has doubled sales and increased earnings per share 116% over the same time period. Perhaps more importantly, they have increased their dividend by 221%, boosting it every year; the stock now yields...

There are several long-term cross currents in the current U.S. stock market environment. On the negative side, measures of volume and participation of “smart-money” have been woefully lacking since the October 2011 bottom, and really since the March 2009 bottom. In his weekly column in...

No indicator works all the time in predicting stock market corrections. But some work better than others, and this obscure indicator from Yong Pan at www.cobrasmarketview.com has a high percentage success rate. The indicator is the Percentage Price Oscillator (PPO) of the relative movement of...

Chart Industries (GTLS) currently trades tightly over its 20 ema (daily exponential moving average) as it digests its recent three-week up move and sets up for another possible leg higher. (see chart at my WordPress blog. The link is listed at the outset of this journal). As a leading...

A bear market may be some distance off. Probably the most important element supporting a sustainable rally in the U.S. stock market is the availability of credit. When credit is getting cheaper, it becomes easier and cheaper to apply leverage for the purchase of stocks, and it becomes easier and...

Visa Inc., the well-known provider of global payment solutions, provides credit and debit programs for financial institutions. The company itself does not assume the credit risk of individual users of its services; rather it takes a fee on each transaction. Accordingly, the company’s earnings...

VF Corp (VFC), a major global supplier of branded fashion, manufactures jeanswear, outdoor apparel, sportswear, athletic apparel, and occupational apparel. Generally regarded as a well-managed enterprise, the company generates margins higher than many of its competitors and a 21% return on...