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The S&P 500 index continues its consolidation pattern since hitting the 1,100 level back in mid October 2009.  We believe that in the absence of any major news, the consolidation pattern is likely to continue going into the end of the year. Technical analysis of the S&P 500 index shows that the chart is working its way into a triangle, with the 50 day exponential moving average providi...

The price of gold has had a massive run-up of approximately 74% since bottoming out in Oct 2008.  This run-up was due to many reasons, from the decline of the dollar to inflation fears.  We first highlighted the potential of this precious metal on our Sep 4 post, but if you had not initiated a long position then using the Gold ETF (GLD), is it too late to buy now? From the log chart of GLD be...

This is a follow-up on my earlier post on Amazon.com (AMZN) on Oct 31, 2009.  Stocks of AMZN had broken out of its pennant formation 2 trading sessions ago on increased volume and is now hovering around all-time highs, triggering a buy signal. AMZN bought today at $127.84, and added to our portfolio!...

On Oct 23, stocks of Amazon.com (AMZN) surged 26.8% to all-time highs after the company announced Q3 earnings that blew way past analysts' expectations.  AMZN had achieved earnings of $0.45 per share, against a consensus of $0.328 by 29 analysts covering this company.  Given this strong rally, is it too late to buy into AMZN? History has proven that stocks that make such strong upward movements...

Woah! It's been almost a week since my last post, but rest assured we're still around, and yes, we're still in business!  The S&P 500 was volatile this week, but ended the week down marginally by 0.74%.     Our portfolio had mixed results this week - winners include ARO (+2.96%), LINC (+2.72%), and WMS (+1.85%).  Losers include GS (-2.17%), XHB (-2.84%), and SBUX (-1.79%).  Al...

The S&P 500 index continued its climb last week, moving up by 1.5%. However, some stocks in our portfolio, in particular Goldman Sachs (GS), took a beating this week, dropping 2.6%.  The stock price is currently sitting at its 20 day exponential moving average, which has been a strong support for GS since March 2009.  We'll be cautious should the stock price falls below this support level. ...

The S&P 500 index rebounded sharply last week, raising 4.5% and closing right at its 52-week high reached in September 2009.   All of the stocks in our portfolio moved higher as well with the broader market, most notably WMS Industries (WMS) and HomeBuilders ETF (XHB), which rallied 11.4% and 6.2% respectively. However, we remain cautious of XHB as it hits overhead resistance from its 2...

The market was in a correction last week, with the S&P 500 index dropping 1.8%.  Most of the damage was seen in the past 4 trading days when the index dropped 3.6%. Our portfolio has proved to be resilient in this correction.  WMS and GLD rose for the week, while LINC remained almost flat.  Stocks with the most significant dips for the week include XHB, MHS, and ARO.  We shall look at t...