[RumorDude]
Tue Dec 4, 1:14pm PST EBAY
EBAY is another tech name I am short term cautious on: volume declining with price increases over the past week, resistance from Jun and Jul at 72.5 and 70, respectively. A bold MACD, DMI, OBV and momentum all look fantastic, but the RSI tells me we're due for a shallow pullback. None
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[RumorDude]
Tue Dec 4, 1:10pm PST VRSN
Just reviewing some of the comments of the day and the one that I still have a bunch of big flags on is VRSN. Aside from a nice decending triangle formation coming, crappy DMI and MACD, the high voluem days in the past few weeks have been down days. Fundamentally, the cash cow of domain registrations is questionable, growth is coming in a tiny market (payment authorization), microsoft's passport indirectly competing with it's digital certificate business, and this company is riddled with gobs of lazy-susan style deals. Longer term, I believe this one has much more downside left. none
[madtrader]
Tue Dec 4, 1:04pm PST Market
Today is one of those days that a trader feels like a kid in a candy store. Too many good choices and not enough capital! We are literally watching them pop one by one. Just amazing. I know QQQ still need to clear 200 DMA, but I get that feeling like it was 1999 again. Bear markets just doesn't feel like this. none. |
