Dragonfly Capital

Everybody knows that Spain does not need a bailout. I hear it from Spanish officials almost daily. And we all know that if they say it enough and we read it on the interwebs it must be true. Just look...

Covanta Holdings (CVA) reported earnings Wednesday night, meeting the street expectations on EPS but light on revenue. I like this stock because it is a good old fashioned business, garbage collection...

The German DAX Composite (DAX) and the S&P 500 (SPX) have been moving in a very tight channel relative to each other over the last year. From the ratio chart below, the 4.60 to 5.10 range has...

EBay, (EBAY) pulled back over the last month, just as it did for the month prior to its last earnings report. As it headed into the report tonight, it has a Relative Strength Index (RSI) that has held...

Building supply company Louisiana Pacific (LPX) is benefiting from the real or perceived housing recovery, up over 200% since the bottom in October 2011. One of its major competitors, Weyerhauser...

Bank of America (BAC)Bank of America is coming out of a "W" pullback and now building an ascending triangle, tapping resistance at the top at 9.65 as it heads into the earnings report Wednesday...

Yes, there is debate and discussion about the the trade of the century reversing and US Treasurys finally falling in price. That is looking more and more possible as the weeks go on. In fact I am...

Small independent oil refiners’ stocks had great runs higher throughout the summer. Straight up in many cases. No chance to get in. Then they all started to rollover. Now there are signs that...

Amazon (AMZN)Amazon (AMZN) has been the talk of market participants for over ten years. Overvalued, unsustainable business model, or disruptor and innovator. The stock price is now falling from a...

Arena Pharmaceuticals (ARNA)Arena Pharmaceuticals (ARNA) is moving in a very narrow ascending triangle with a top at 9.50. The Relative Strength Index (RSI) is moving in its own ascending triangle,...

Home improvement stocks have had monster runs higher off of their lows in August 2011. But both Home Depot, (HD) and Lowes (LOW) are now pulling back. The start of a major correction or a good...

Last week’s review of the macro market indicators suggested, heading into the week, keep an eye on Volatility (VIX) as a signal for a turn, with the expectation that it will remain subdued....

Last week’s review of the macro market indicators suggested, heading into the week, keep an eye on volatility as a signal for a turn, with the expectation that it will remain subdued. Gold...

There is a lot of interest in Coal as a bottoming reversal play. Some coal stocks have had speculative moves higher only to fall back in to the bottom. From my perspective the good news is that Coal...

The first look at the relationship between the Energy Sector and the Utilities Sector in February of this year showed that it is a good proxy for the direction of the S&P 500. Updated to the...

Amazon.com (AMZN) has put in a double top in the 263 area and has been heading lower. The Bollinger bands are opening to allow the flow down and it is now below the 50 day Simple Moving Average (SMA)....