AC Investors ( click to enlarge ) Good base building around $4.05. Technically speaking, MPEL shares are attractive since its near to the support level. As long as the support is there, I don’t think its a problem to include this stock in your short to medium term portfolio. Momentum is decreasing and many technical indicator show bullish divergence...

Zero Hedge With the recent development of stocks no longer following every tick of the DXY, it appears the algos have been now reprogrammed to speculate much more aggressively in gold. As Zero Hedge first speculated over a month ago, the Fed’s excess liquidity is no longer making its way into the broken stock market, and instead is reorienting...

Dear TMG Readers, My friend Christopher Rowe became famous in trading circles when he went almost a full year with a perfect record … on options trades. I can’t even begin to tell you how unheard of that is. That was in 2005. Chris’s success and ambition quickly led him to become ChiefInvestment Officer of his own options trading service....

Scott Redler of T3Live.com This morning I brought up the possibility that the banks had been lagging in response to the “rumor” of turmoil in credit markets. Often we see a “sell the rumor, buy the news” phenomenon develop. With the bad news out of the way, the cloud hanging over the financials might have been lifted. With that...

Lawrence Delevingne of Business Insider Oil is up more than 1.4%, as Iran is at the center of a potential global landmine. AP: Britain’s Foreign Office says that a racing yacht carrying five U.K. nationals has been stopped by Iranian naval vessels, and they are now in Iran. Government officials said Monday that the yacht may have strayed inadvertently...

Lawrence Delevingne of Clusterstock Goldman Sachs (GS) is in trouble, and it’s not just because of questionable remarks by its executives. CNBC reporter Charlie Gasparino notes that despite big gains from its trading business, the venerable financial titan is getting beat in a critical Wall Street growth area: stock underwriting. Daily Beast:...

Vince Veneziani of ClusterStock An 8K filing from late last week details the agreement between AIG and Hank Greenberg, which saves the bank $150 million in legal fees and settlement claims: Footnoted: The part we especially liked was Exhibit B of of the MOU, which spelled out the things that AIG is required to return to Greenberg. Here’s the list: 1....

Zero Hedge Looking at the mudslinging campaign going among economic strategists, one would think the presidential elections are early (and for once we may just elect someone who understands something…anything… about the economy). First we had Rogers and Roubini, and now it appears that the Bull-Bear combo of Saut-Rosenberg is next to take...

MISH Ben Bernanke is on yet another self-serving mission to save his job. Please consider The right reform for the Fed an op-ed by Ben Bernanke in the Washington Post. Here is Bernanke’s entire article (in italics) with my comments interspersed in plain type. Most of my comments are made straight to Ben Bernanke, but they apply in general to...

CalculatedRisk From MarketWatch: CNov. Chicago PMI rises to 56.1%, a 15-month high The business activity index rose to 56.1% in November from 54.2% in October. … The employment index rose to 41.9% from 38.3% … Readings above 50% indicate expansion, and below 50% indicate contraction, so this suggests business activity is increasing, but...

Vincent Fernando of Money Game It looks as if cash-strapped consumers rushed for bargains like never before, but spent less (because they likely feel less wealthy these days). A National Retail Federation (NRF) survey reported that shoppers’ average spending fell 8% NRF: In order to nab the best holiday items, more shoppers headed out for bargains...

This year has been a very exiting time for traders and investors. We have seen a steady climb in prices with controlled pullbacks in the broad market and gold. Using technical analysis we are able to quickly and accurately make informed decisions just from looking at the charts. In the charts below you will see how simple chart patterns along with support...

The Pragmatic Capitalist Strategists at Credit Suisse are currently expecting a near-term equity sell-off, but are not yet concerned about the downturn evolving into a larger bear market decline.  Why have they turned a bit more cautious?  A series of psychological, fundamental and technical events: As we’ve previously noted, sentiment is turning...

Scott Redler of T3Live.com Friday’s emotional down open provided a great trading opportunity. The strong big cap tech stocks followed the rules and had a decent bounce off the open (THE RULE–in an emotional down open you ALWAYS look to the strongest group for a potential bounce setup). The banks, which have been lagging, did nothing but...

AC Investor ( click to enlarge ) LDK has come down a bit here in recent days. It appears that the correction may be close to an end since it is approaching of its main support at $7.19. This may be a good spot to get in, with a stop under the recent lows if the timing is wrong. If the weakness continues and the stock breaks the support at $7.19, there...