Watching this video you can almost here Jeff Immelt yelling "Go To Commercial !"
Tuesday, June 30, 2009
Friday, June 26, 2009
Friday, June 12, 2009
Wednesday, June 10, 2009
Tuesday, June 9, 2009
Friday, June 5, 2009
SPG like many REITs has been a good, volatile trading vehicle.
Looking at Daily and Weekly charts, daily seems to suggest failure at 200 MA, with a downside target of 51.58 the 20 MA.
The Weekly 50 MA at $61 + seems out of reach; the 5 MA at 51.26 had been touched every week since early March, but not this week. I think maybe next week we will see SPG at least re-test that area. The 20 MA at 42.82 seems out of reach for now as well.
Conclusion: A test of the low 50's; upper 40's seems likely, particularly if we get any sort of pullback in the market.
Recall that earlier we were looking for possible breakdown below 87.95 - see A - around noon.
Well, it took almost all day, but maybe - just maybe, we got it at the close - see B - with a close just below several trendlines at 87.89; and after hours sitting at 87.70.
We'll see what Monday Brings .... F U Stick !! LOL.
Thursday, June 4, 2009
Wednesday, June 3, 2009
An all too uncommon occurrence in the markets these past few months has been violent, end of day, pump action of the major indexes and specific stocks. Typically without any market moving news.
Witness AMZN (post 3:30 pm)
and DIA (also post 3:30 pm).
Some refer to this violent action as a "stick save". Others call it "manipulation".