JasonGordon's  Instablog

Send Message
My passion is trading stocks. I am a student of the markets just like you. Follow me as I learn new things and analyze the markets. http://www.swing-high.com
My blog:
Swing High
  • Halftime Report, Monday December 14 0 comments
    Dec 14, 2009 12:43 PM | about stocks: SPY, DIA, QQQ, XLF, IWM, GLD, UUP, WBD, XOM, C, XTO, HMSY, BGFV, NFLX, SBUX

     Stocks are higher today with very little economic news, if any, to support the move. Citigroup is repaying its TARP funds. The stock (NYSE:C) is down over 5% so far on the day. Exxon Mobile (NYSE:XOM) is buying XTO Energy (XTO) for $31 billion. XTO is up about 15% today while XOM is down over 4%. Takeovers usually work out that way. The company that is purchasing usually experiences a drop in its stock price and the company being bought usually sees its stock gap up or pop. Also, Dubai is receiving $10 billion from Abu Dhabi to cover debt. If any of these headlines is helping push stocks higher today, it's the Dubai bailout.

    The Nasdaq (QQQQ) and Russell 2000 (NYSEARCA:IWM) are leading the markets higher today with the S&P 500 (NYSEARCA:SPY) trailing close behind. The Financials (NYSEARCA:XLF) and Dow Jones Industrial Average (NYSEARCA:DIA) are the weakest indexes so far today. The market internals are corroborating the move higher with the exception of the TRIN. The TRIN is actually giving a bearish sentiment read, while the TRIN/Q is bullish. Recently, these two indicators have been divergent; normally they correlate positively and give similar readings. The VIX is bleeding out nicely, which is bullish for stocks.

    At the end of my video I cover four trades that I took last week as well as one that I missed. Starbucks (NASDAQ:SBUX), NetFlix (NASDAQ:NFLX), Big Five Sporting Goods Corporation (NASDAQ:BGFV), and HMS Holdings (NASDAQ:HMSY) are the trades I took. Wimm-Bill-Dann Foods OJSC (NYSE:WBD) is the trade that I missed. The trades include: High Base Formations and High Base Breakouts, Ascending Triangle Formations and Ascending Triangle Breakouts, Bullish Pennant Formations and Bullish Pennant Breakouts, as well as Pull Back Buys/Pull Back to Support/Bull Pull Back/Bounce off of Support plays.


    Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,


Back To JasonGordon's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
    Nov 12, 2009
  • put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
    Nov 4, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 2, 2009
More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.