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VistaPrint (VPRT) Looks Good on a Pullback

FastSwings.com - Patrick Stevens
Jun 03 2009
361
9

VistaPrint (VPRT) Looks Good on a Pullback

With the markets starting to break out of a sideways pattern picking up a good growth story on a pull back is a decent trade. VistaPrint Ltd. feel 6.30% today on weakness in the markets after the Dow Jones Industrial average reached a three month high yesterday. Technical indicators are showing the Nasdaq and the Russell 2000 in a rally formation. The Dow and the S&P 500 are currently in a hold position even after the recent breakout but could turn positive with additional days higher.

Dow Jones Industrial Finally Signals a Hold

FastSwings.com - Patrick Stevens
May 23 2009
557
12

Dow Jones Industrial Finally Signals a Hold

The Dow Jones Industrial Average finally signaled a hold at the end of this week with all four major indexes now in limbo waiting for a move higher or lower. The charts look like tops with the Dow and the S&P 500 index already completing their top formations. The Nasdaq needs to fall below $1664 while the Russell 2000 can form a top formation with a break below $471.82.

Goldman Sachs Group (GS) - Increased Profit Estimates

FastSwings.com - Patrick Stevens
May 20 2009
489
4

Goldman Sachs Group (GS) - Increased Profit Estimates

Goldman Sachs is one of the few companies with increased profit estimates in the marketplace today. Over the past 90 days their current quarter profit estimates have increased from $1.92 a share to $2.44 a share, a 27% increase. Likewise the next quarter estimates and the year profit estimates have also moved higher with the analysts that cover the stock.

Short the Market, A little Ahead of the Move

FastSwings.com - Patrick Stevens
May 17 2009
233
10

Short the Market, A little Ahead of the Move

With the markets topping out this week and breaking through resistance on two separate days during the past five trading days, I moved from a cash position to a 50% short position. This could possibly be a little ahead of the move downward as most indicators are still neutral to positive. The vehicle that I am using for the short position is the Proshares Ultrashort S&P 500 (SDS). This is the opposite ETF of the one I held a position in during the recent market rally, the Proshares Ultra S&P 500 (SSO).

Markets Pause After Recent Run

FastSwings.com - Patrick Stevens
May 12 2009
287
6

Markets Pause After Recent Run

Taking a look at the S&P 500 chart today showed a 5 day top formation which was enough for me to close out my Ultra S&P 500 Proshares (SSO) positions that I had. Two positions were quite profitable near 20% and 15% with the third recently purchased position losing about 2.5%. When the S&P 500 broke below the recent low of 902, I felt it was time to sell. In addition, the NASDAQ has not performed well the last couple of days and the Bank Stress Test completion didn't provide a catalyst beyond Friday like I had hoped.

United States Oil (USO) Rally

FastSwings.com - Patrick Stevens
May 09 2009
139
4

United States Oil (USO) Rally

Along with the markets the United States Oil (USO) ETF has turned positive and rallied from a price of $27.22 a share on April 20th to close at $32.49 a share on Friday. This is a sign that the economy is recovering and should help the oil service companies profit in the current quarter. This rally is not the best overall event for consumers as the price of oil and gas moving higher affects their individual budgets at the pump and in their heating bills.

SSO June Calls Reentry

FastSwings.com - Patrick Stevens
May 05 2009
391
2

SSO June Calls Reentry

I sold my Ultra S&P 500 Proshares (SSO) 24 Calls yesterday figuring I had made a decent 29% return over a two week period and I would get a good reentry point when the market corrected slightly. But with the SSO down 2% at it's lowest point today the Calls where still at the level I sold them yesterday. I think the market is not expecting much of a pull back at this time.

Chinese Internet Companies Climbing

FastSwings.com - Patrick Stevens
Apr 29 2009
766
31

Chinese Internet Companies Climbing

A number of Chinese Internet companies are outpacing the rest of the market higher with Netease (NTES) reaching a new 52 week high at the highest point today. Other companies to watch include Shanda (SNDA), Baidu (BIDU) and Sina (SINA).

Amazon (AMZN) and Microsoft (MSFT) Both Rally Afterhours

FastSwings.com - Patrick Stevens
Apr 23 2009
492
13

Amazon (AMZN) and Microsoft (MSFT) Both Rally Afterhours

In a very mixed session today with the direction of the markets not clear until the final 1/2 hour, shares of Microsoft rallied late to lift the indexes and then gave only a decent report afterhours. Amazon reported afterhours with better numbers which initially caused a slight dip but then the stock moved higher. Microsoft finished the afterhours session up 3% from where it closed the regular session while Amazon improved 2.7% from 4 pm to 8 pm EST.

Volatility Index Continues to Fall

FastSwings.com - Patrick Stevens
Apr 18 2009
411
10

Volatility Index Continues to Fall

In another sign that the markets could extend the current rally into something longer term, the CBOE Volatility Index (VIX) has fallen to a new three month low to $33.94. Sometimes called the fear index, the VIX shows the amount of hedging in the markets to ward against a downturn and rises when the markets begin to turn south. The drop the VIX over the past two weeks resembles the fall in the S&P 500 that we saw just before the current rally began. There was a break of resistance at $40 on the 3rd on April and the index has continued to fall fairly steep since.

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