Seeking Alpha

Kevin Tuttle's  Instablog

Kevin Tuttle
Send Message
Kevin A. Tuttle is the CEO and Chief Strategist of the Money Management & Capital Services firm Tesseract Asset Management, LLC (TAM). TAM serves as the General Partner of Long/Short Equity & Alternative Investment Hedge Funds and operates a Capital Services division oriented toward... More
My company:
Tesseract Asset Management LLC
My book:
Master Traders
  • TAM's Pedagogics: March 29th, 2011 0 comments
    Mar 29, 2011 8:26 AM | about stocks: QQQ, COST, FFIV, AAPL, XRAY, GOOG, INTC, LINTA, LLTC, MXIM, MYL, QCOM, SNDK, SIAL
    With 30% below average volume, yesterday was analogous to watching paint dry. On the other hand, the technical action played out like the fiddler on the roof. The NDX did not surpass Friday’s picture perfect ‘Shooting Star’ and 50-DMA close.   This action confirmed the break of the Broadening Wedge and provides verification of the, once potential – now confirmed, downward trend discussed Friday and yesterday (Pink).
     
    NDX Daily


    This line (again pink) now becomes the market turning point for the short term trend. If breached, on a closing basis, our opinion of Bearishness will assuredly wane. If hedging is your only play (shorting the QQQ’s), yesterday was a textbook spot, considering the risk reward. For others, we believe many equities have been excessively bought and overvalued since the August 2010 lows. This is when investors should turn to seeking short opportunities.
     
    I’ve outlined 15 of our top shorts, based on their current risk/reward ratio & technical pattern, within the NDX. Draw your lines carefully and you’ll see massive similarities with the major indicies.
     
    (COST, FFIV, AAPL, XRAY, FISV, GOOG, INTC, LINTA, LLTC, MXIM, MYL, QCOM, SNDK, SIAL)
     
    I hope this helps.
     
    KAT

    Themes: NDX Stocks: QQQ, COST, FFIV, AAPL, XRAY, GOOG, INTC, LINTA, LLTC, MXIM, MYL, QCOM, SNDK, SIAL
Back To Kevin Tuttle'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

Latest Comments


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.