Kudrna's Stock Market Talk

The simple answer is yes and that is one major reason why I am not gambling on the news tomorrow.  (more…)

Assuming the trend continues, now is the time to get into Verizon (VZ) for its run-up to the dividend next month.   VZ tends to be one of my favorite dividend plays for its strong yield, 6.7%.  Recently, I swapped out of Altria (MO), after ensuring I was on the books for the dividend, and increased my position in VZ with the proceeds.  The chart will explain why. (more…)

Good evening readers.  Below, are some of the most requested charts over the past few days.  The bulls made a nice run this morning only to falter later in the day.  We still need to break the 200-day MA in the S&P 500, which is about 1108.  If we can do that, it will be easier to embrace the bulls and we should see more dip buyers joining in, out of fear they might miss out on gains.  However, today I saw many bullish analysts turn short, so be prepared for some downside risk before we attempt to test the 1108 resistance again.  Keep that in mind when viewing the charts, as a major selloff could overrule the indicators, no matter how bullish they appear. (more…)

9:30am

The Fed made a surprising move yesterday by increasing the discount rate.  The Fed funds rate is a more important rate though and that has not changed.  The discount rate is the rate charged on loans that the Federal Reserve makes to commercial banks.  The Fed funds rate is the rate which banks lend to one another. (more…)

GoIP Global (GOIG) is trading fairly flat today, off its highs and lows currently.  Based on yesterday’s article, my beliefs are still intact even though volume is unexpectedly low today.  I’m interpreting that as the website run-up already took place but didn’t have much support.   Shareholders just don’t seem that excited about the website launch as Verizon (VZ) still hasn’t announced they are ready (and nobody expects them to say they are ready until next week).  For those that are worried VZ might be against approving the service, I’ll remind you that AT&T, Sprint, and T-Mobile have already approved the service.  The biggest pressure on the stock, in my opinion, is that the service hasn’t launched yet so GOIG can start earning revenue from all their hard work.  I don’t blame current and potential shareholders either, as the website is just a website for now until the service is launched next month.  However, having the website fully functional now will help GOIG lay the groundwork for revenue the first day their service launches.  While the website launch isn’t important for today’s stock price, it will surely be important when GOIG accrues a list of buyers on the first day of the service launch.  (more…)

12:15pm

We are finally seeing some leadership today and finding it in technology.  Even financials are starting to come around again.  However it is still not enough to put us positive on the day as we are about 100pts down as I’m writing this.  The dollar is putting pressure on oil, gold, etc…again so I’m keeping an eye on starting what seems to be my favorite long trade in SPDR Gold Trust (GLD) if it dips. (more…)