TPX

Sleep On This (TPX)

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Tempur-Pedic just got a taste of this ultra finicky market in a big way.  Earnings weren’t all that bad, but a slight change in guidance sent shares spiraling down almost 21% on the day.  The product is fantastic, it’s the only bed I’ve found to vastly improve my ability to sleep.  Just look at how many knockoff companies have emerged in the past year or so (although cheap, the quality is nowhere near as good).  It’s turned into a mini craze.  So does a slightly rockier outlook over the next few months merit the stock getting crushed?  I doubt it. … Read more

Large number of RSI divergences today

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We had very positive technical signs go off on a number of portfolio positions today.  We also had bearish divergences go off in a few positions we recently initiated small short positions. I have written at length on RSI divergence as one of the few technical indicators I find useful.   Divergence the best technical indicator.   The following positions all showed bullish or bearish RSI divergences today:       Bullish RSI Divergence NAV Navistar at $51.89 INTC Intel at $21.01 IO ION Geophysical Corporation at $8.03 TMV Direxion 30 YR Treasury Bear 3X at $34.32  (note this has … Read more