Here’s a result of a scan I created to look for stocks about to make a strong moved Up or Down; basically a momentum spotter. I use this to look for potential Day, Swing or Position trades. Enjoy

Long Bias
$IEF
$EXXI
$SHY
$AGG
$LQD
$GNA

Short Bias
$FFKY    $SUPX    $PGNX    $H    $DBD    $CLWR    $TRV    $TSM
$Y    $SHS    $CMED    $EQIX    $CERN    $IRM    $GS
$AI    $MAIN    $DL    $WERN    $ATHR    $EXPE    $MON
$RLRN    $ABR    $INSP    $NSIT    $RWT    $EXPD    $DAL
$ABII    $CRTP    $TTGT    $PPC    $CVBF    $WDC    $OXY
$SHBI    $IPHS    $DCTH    $SPW    $RMBS    $PTR    $DTV
$PKOH    $LL    $OPTR    $NFLX    $ELNK    $IGT    $CHL
$TWIN    $PSEM    $HSNI    $SFN    $ANR    $SAI    $EMC
$CPD    $SCSC    $SLAB    $RGS    $VMC    $ONNN    $JNJ

I have my thoughts about whether the U.S. is in a recession or may be things just “back” to the way it’s suppose to be….you know, where the rest of the world has been for decades. Sounds weird but true. I relate to the U.S. economy as a crack-head needing his/her next fix. IMO, this deflation process is going to be a long, slow and painful one. And just like the rest of the world, the gap between the rich and poor would continue to increase.
I was going through the Daily Finance the other day, and came across an article showing a list of some of the big retailers out there closing stores. I wasn’t to surprised about what i saw, but it was somewhat interesting to see companies like FCUK, Saks, Abercrombie & Fitch and so on, on the list. Start selling your carts retailers, cos those babies would be laying empty for a long while.

Read full article here

Watching the weekly chart of VISA and wondering if it can break lower? Looks like one hell of a good trade if it does. Watching levels 66.29 and 66.55.

Great read here on a Macro outlook analysis of the markets; came across this documents from one of my twitter connections. This just looks really scary and true. But funny how it doesn’t correlate with the performance. Just another reminder of the temporary disconnect between the “Fundamentals” and “Technicals” of a market; what people say is totally different from what they do. The market is all about human psychology and emotions.

P.S. not investment advice in any way

GMI August

Olbermann: “I think one of us is suppose to take out pants off”. LOL! Priceless!