Recent content by JWathen

Lets hope it can hold this strength, its still pretty early in the day...

The worse the numbers the better the chance the 2009 inflation bill gets passed.

I'm not too worried about the fundamentals. This stock is down big the last few weeks/months and I think $24 per share is where it bounces.

Normally I'm not the kind of person to catch a falling knife, but at this point the stock looks good. (SMG) Plenty of horizontal support at $24. I'm thinking going long via options tomorrow at open. A modest bounce to 27 over the next few days doesn't seem out of reach. Any takers?

My only worry about GE is their money bank which issues a number of subprime credit cards such as the Paypal plus card and many store cards. With all of this credit talk, GE doesn't look so great.

I wouldn't leap on LF until a movement through $7 per share, heavy resistance at that price. Next resistance after that would be at $9.50. Buy after it trades through $7. That would indicate a reversal then a free ride to $9.50 per share. The stock is forming a triangle right now, close...

If you don't get a bounce off this trendline, dump it. If it falls through its going to continue downward. In my opinion, I think you're going to see a bump off this trendline.

This stock looks hot. Recession worries sent the stock dropping but it looks like a buy here. Earnings come out next week, on the 27th. Unless they report absolutely terrible earnings, this stock is cheap by any indicator. Its down 50% from its highs last June and looks ready to rebound...

I'm in short, although not back down to support. Resistance looks tough and RSI divergence is confirming the trend. I hate to take Friday positions but I just had to.

Eventually it will work out to zero sum, actually greater than zero sum, the FRB will just print more money to make up for the credit crunch. As money is lost in the markets, deflation should occur but since the FRB is keen to keeping GDP positive they'll continue to issue credit/print money.