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I would be willing to bet that Countrywide Financial (CFC) is on its way to posting new all time lows under $8.21 next week.
Here is the chart,
Click to view, click again to zoom
Washington Mutual (WM) has already shown a similar pattern and broke to the downside. There is no reason why CFC won’t follow.

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Filed Under Stock Talk | 3 comments!
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It is no joke that the housing market is in despair, residential being the primary focus. States like Michigan where I live and Nevada have seen the bowels of hell (to put it lightly) for the majority of 2007.
The reports of, “new lows” this and, “recession fears” continue to scour across the headlines of the [...]

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Filed Under Stock Talk | 3 comments!
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Wynn Resorts (WYNN) stock has seen now two bullish engulfments in the last seven trading days, one on December 19th, and another on the 26th. With the stock trading around $116 today going long never looked so tempting.
WYNN peaked back in October when the stock hit a high of $176.14 and since has been sold [...]

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Filed Under Stock Picks | 1 comment
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The GOOD is that Dryships (DRYS) had a nice accumulation day as institutions came in and bought it off $70 support, the stock closed yesterday at $77.59 up $4.80. The BAD is the leading moving average which is the 50 is now downtrending.
I think it is too early to say DRYS is a long buy [...]

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Filed Under Stock Talk | 3 comments!
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A great look below of the Streettracks Gold Trust (GLD) which just recently found key support at its 50 day moving average and broke out of a downtrend of lower highs. GLD is an ETF that tracks the price of the gold bullion and is the best way to play Gold as an investment.
You can [...]

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Filed Under Stock Picks | 1 comment
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Google has been consistently making new lower highs and higher lows over the last two months, and now the stock has set up quite the wedge pattern. Which side will break first?
The key technical factors to consider are on the support side the 50 day moving average. Very critical support line for Google right now. [...]

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Filed Under Stock Picks | 2 comments!
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First Solar (FSLR) yesterday peaked at a new price high of $283 even.
Apple Inc (AAPL) yesterday set a new high of $202.96, and currently is trading just under $201.
Potash (POT) yesterday topped out at $151.90, another new all time price high.
Baidu.com (BIDU) just broke out an interesting base yesterday and is nearing its all time [...]

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Filed Under Stock Talk | 1 comment
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