patito

Holding Sirius Stock: An Exercise in Humility

TECHNICALLY I am very positive on SIRIUS (SIRI).
This month its Long Term Momentum has bottomed and start moving to the upside.
So if (SIRI) manage to move over 0.42 this week starting the 27 th. of July...Near, Medium and Long Term Momentum will converge to the upside towards 0.46 area, which would be a little resistance now.
The only way to avoid this positive situation in coming days, would be a break of its support level at 0.35. But I don't see this picture now.
I think that any move towards 0.397 would be a good opportunity for adding positions in all terms: Short, Medium and Long.
Any close over 0.46 would accelerate covering positions, and that would be the start of a new leg up.

3 Briefs to Open the Week

I agree with you about Sirius (SIRI).
Technically is in a good position, so as the market is correction now, any pullback towards 0.411-0.398 is a great opportunity for adding positions.
Because if Alcoa (AA) earnings comes good tomorrow, over estimates, any close of (SIRI) over 0.461 would be the trigger for a new leg up.

PALM: Ready to Break Out?

SPRINT (S):
Technically this stock is losing Momentum in its Near and Medium term. BUT...

If you compare to a similar situation from last days of August till November 2008', its Long Term was adding pressure to the downside, while NOW its Long Term Momentum just started to move UP, giving good support.

So that implies that this correction is a GOOD OPPORTUNITY for adding positions in (S) for the Long Term.

For its Near Term 4.22 level is an important support.
And on the other hand, any move over 4.85 it would be enough to regain Momentum.

Remember the "rumors" about a joint venture between (S) and (LVLT). When this is already finished...both stocks would benefit.

Sirius Sell-Off: The Russell Index Effect

Technically speaking I think that SIRIUS has a target around 1.50 area.

But, the trigger for a big move was holding over 0.465. Thats why 4 minutes before the close us it was at 0.46, short sellers pushed the stock down, knowing where were the stop loss located.

If SIRIUS manage to close over 0.465, next target would be at 0.575. Now it has Near Medium and Long Term Momentum converging to the upside.

So unless short sellers use the last minutes of trading...during the session every sell on the stock is a big opportunity for adding positions.

I agree that 0.35 is a BIG one. But, it was last week when the Near Term was pushing to the downside, along with the market.

But Nasdaq Momentum is heading higher now, as well as SIRIUS (SIRI), so...It would be better to think that 0.465 is more likely to see than 0.35.

If the week starts with lower US DOLLAR INDEX below 80, and GOLD over 940...the markets have big potential to move higher and push over the highs of this year.

Nothing is casual in the markets, and the last minutes of trade in (SIRI) are no exception. SIRIUS chart is one of the best one nowadays. If you analize it I wouldn't hesitate to buy (SIRI), is one of the best. And has a huge volume everyday.

Sirius XM Holds Up Well After Russell Rebalance

Technically speaking I think that SIRIUS has a target around 1.50 area.

But, the trigger for a big move was holding over 0.465. That why 4 minutes before the close us it was at 0.46, short sellers pushed the stock down, knowing where were the stop loss located.

If SIRIUS manage to close over 0.465, next target would be at 0.575. Now it has Near Medium and Long Term Momentum converging to the upside.

So unless short sellers use the last minutes of trading...during the session every sell on the stock is a big opportunity for adding positions.

I agree that 0.35 is a BIG one. But, it was last week when the Near Term was pushing to the downside, along with the market.

But Nasdaq Momentum is heading higher now, as well as SIRIUS (SIRI), so...It would be better to think that 0.465 is more likely to see than 0.35.

If the week starts with lower US DOLLAR INDEX below 80, and GOLD over 940...the markets have big potential to move higher and push over the highs of this year.

Nothing is casual in the markets, and the last minutes of trade in (SIRI) are no the exception. SIRIUS chart is one of the best one nowadays. If you analize it I wouldn't hesitate to buy (SIRI), is one of the best. And has a huge volume everyday.

Sirius Bears Have Little Left to Lean On

SIRIUS IS A BIG BUY, and today at the close as it was at 0.46, which technically speaking leads towards 0.59-0.69 area..., short sellers pushed down the stock in the last 4 minutes, IN ORTHER TO COVER THEIR OPEN POSITIONS IN AFTER HOURS!

Take a look at the volumen after hours! at the close where near 300,000,000 of stocks changing hands, and finished in after hours with 432,449,855.

Five minutes after the close touched 0.47...and closed at 0.42 in after hours.

So, please take a look at this article, and buy some stocks at the open on Monday..

seekingalpha.com/artic...