Well, the news flow of the day took its toll on the markets and SiriusXM was not immune. The equity broke below the 50 day EMA and we must now consider the 100 day EMA as the next backstop. It is something I have been warning about, so… → Read More
Bullet Point – SIRI Testing Lower
I have stated quite a bit lately that SiriusXM is sensitive to the macro-economic news that is happening these days. The situation with Syria proves that point. SiriusXM has broken support at and the 50 day EMA at $3.60. This will re-align technicals. Be prepared for a test… → Read More
Sound Exchange Sues SiriusXM
It certainly did not take long for Sound Exchange to jump onto the lawsuit bandwagon on the heels of the Turtles lawsuit. The latest suit centers around royalties for pre-February 1972 music played by the satellite radio provider. Sound Exchange has no real authority to collect royalties… → Read More
SiriusXM See-Saw
More back and forth. SiriusXM was down today on light volume. The see-saw continues, as does the consolidation, as does the coiling of the proverbial spring. For today’s action I had called a low of $3.67 and a high of $3.74. I was off by a bit. The… → Read More
SiriusXM Technical Update
There is a lot happening with SiriusXM right now, and the timing of this constriction may be very good. The markets will start to see more action and more volume as summer comes to a close. We are looking at a strong auto sector, and looking at a… → Read More
Pandora Drops 40 Hour Limit for Mobile Users and a Few Percent off Their Share Price
Just six short months after Pandora announced their new 40 hour per month cap on free mobile listening, the company has done an about-face and dropped the limit. The change, which previously affected 4% of Pandora’s users, is said to be made possible thanks to the rapid progress… → Read More
NASDAQ Halts – SIRI In The Same Boat
In case you were not aware, the NASDAQ halted trading for over 3 hours on ALL equities. The technical report from yesterday is essentially the same today. I have updated the charts below. Please refer to yesterdays report for opinions and analysis. Volume Support and Resistance … → Read More
August 2013 Auto Sales Pacing Well For SiriusXM
In 2013 the auto sector has seen a bullish run for most of the year. The first real glimmer of worry came in the second half of July, which was weaker than the first half. The overall outlook for 2013 was not really impacted by that bump in… → Read More
SiriusXM Continues Treading Water
We are not really drifting up, yet we are not drifting down either. Simply stated, we are treading water and consolidating here in the $3.60’s. Support and resistance remains essentially the same, and the EMA’s are still a rainbow of color. At the moment I would say we… → Read More
SiriusXM Launches Service Lane — 2 Months of Free Radio for Responsible Car Owners
SiriusXM Radio today announced the launch of Service Lane, its new program that provides a complimentary 2-month SiriusXM subscription to qualifying customers who have their satellite radio-equipped vehicles serviced at participating auto dealerships. The concept is simple. If a satellite radio equipped car is not activated, SiriusXM will… → Read More
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