Mission Statement

Information disseminated through the traditional financial news outlets is often subject to a hidden agenda. At best the information is misguided and at worst deliberately misleading. With a combined 60+ years of experience in the financial markets, we intend to help the reader separate fact from fiction and expose the news that actually moves markets.

If you don’t read the newspaper you are uninformed, if you do read the newspaper you are misinformed.
–Mark Twain

RCM Manages the Fortune's Favor Family of Funds:

  • Fortune's Favor I (Long/Short US equity)
  • Fortune's Favor Offshore (offshore clients)
  • Fortune's Favor Precious Metals

Monday, June 2, 2008

Time 10:48

Stocks: DIA, SPY, QQQQ

All three are giving sell signals at key resistance areas. DIA is the worst looking with a major Alligator sell, followed by SPY. QQQQ is not an alligator yet but seems to have made a double top and I want to get the hedge on this close to the cover. All three should be covered about 1.5% higher than the current price. I will put on half the short now and add to all three after the 12 - 2 rally.

CSIQ:
Meanwhile, CSIQ is giving another buy signal as it clears the 9 day ma. If we follow the SOHU road map we need to be reestablishing the full position by the end of today. This strength is particularly impressive when considered against the backdrop of the overall market sell off and the major sell off in shares of leader FSLR.

No comments:

Post a Comment