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Gary Johnson L
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My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
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  • Oct 23: XRTX, UVXY, TIVO, SPY, COH 0 comments
    Oct 23, 2012 9:54 PM | about stocks: UVXY, SPY, COH, XRTX, TIVO, RUSL
    Oct Oct 23: XRTX, UVXY, TIVO, SPY, COH

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    Coach, Inc (NYSE: COH) made a run despite the market turmoil today as its sales had shown significant growth due to increase demand overseas. The stock price is now back to above 50 day moving average @ $58.15 with huge volume. Pretty healthy move. There might be a saucer bottom on MA(50). Definitely put it on our radar.

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    S&P 500 ETF (NYSE: SPY) The picture here is even worse than what I have covered on yesterday's post. The index has dropped 20 point or 1.39%, making it close below 50 day moving average. On Balance Volume seems turning around.

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    TIVO, Inc (NASDAQ: TIVO) surged for 1.02% amid the falling of board market. This movement might show there is some level of support from 50 day moving average.

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    Proshare Ultra VIX Short-term Futures ETF (NYSE: UVXY) is a fairly newly found levered ETF longing CME VIX index, a.k.a. Fear index. A levered ETF on VIX could bring a hedge to your portfolio buying allotting the very minimum amount of fund in it. I have around 5% of my portfolio holding UVXY to protect my money from market downfall. Given today's surge and positive MACD, upticking RSI and higher highs, UVXY could be a useful tool amid the period where almost half of S&P 500 are announcing their earnings. I don't suggest large holding in UVXY due to the contango VIX futures. Plus, VIX index is highly speculative in nature.

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    Xyratex Ltd. (NASDAQ: XRTX) is testing if it can fill the gap. On my radar.

    Notable earnings after tomorrow's close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA

    You may also visit my new blog @ http://gary-investing.blogspot.com/

    Disclosure: I am long IDCC, UVXY.

    Stocks: UVXY, SPY, COH, XRTX, TIVO, RUSL
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