I am extremely bearish on the semiconductor sector. In particular, Intel Corporation (NASDAQ:INTC) for the reasons listed below. I am looking to short 5,000 shares of the stock at a price of $37.20 or higher. I am looking for a quick drop of $2+ for a $10,000 profit in a week or two. Any sector that rises over 50% in a year without a pull back, is a likely...
Yahoo! Inc.(NASDAQ:YHOO) sold its core business. This means its main and only asset is its Alibaba Group Holding Ltd (NYSE:BABA). Because they trade together, the stock chart of Yahoo! can be used to determine the stock direction of Alibaba. I am using this method right now to look at short on Alibaba. Yahoo! has a dramatic topping tail on the daily stock chart. A...
Yes, I will admit it. I am excited today. Buying the ProShares UltraShort QQQ ETF (NYSEARCA:QID) is probably the smartest move an investor can make today. Why? Because $AAPL has carried the NASDAQ 100 for four straight days but is seeing MASSIVE distribution today. What is distribution? It is where there is huge volume but prices starts to flatten out. This is...
The S&P 500 saw early upside today as biotechnology and Apple Inc. shot higher. However, by mid-morning the $IBB (biotechnology ETF) began to reverse and oil collapsed. This left Apple as the only big factor to a stock market that was green. Apple has started to fall off its highs and the stock market is now negative. Uh oh.... As a smart investor, watch the...