The biggest news today is that the EMA chart has removed all bearish signals. Short, Mid, and Long term signals are all now in bullish territory. The more interesting development is that the 5, 13, and 20 day moving averages are all sitting at $2.75, while the 50… → Read More
Bullet Point – Volume Dropping Off
Wow! We saw very heavy volume in the early action, and now we have seen that volume evaporate. The good news is that the bulk of the volume happened at about $2.78. The bad news is that with volume evaporating away, there will be little strength in getting… → Read More
Bullet Point – Possible Test of Support
I had a typo in the previous Bullet Point. Support is at $2.75 (not $2.77). Watch any test of that level and look for the equity to bounce off of it. If it does it will help to keep the recent bullishness in tact. We are seeing consolidation… → Read More
Bullet Point – Good Volume
SiriusXM is trading up on good volume. This bodes well for the support level at about $2.75 as well as other technicals. Do not look for a bold move today unless some compelling news arises. Speaking of news…Bear in mind that any good news will serve to support… → Read More
November Auto Sales Should Top 1.1 Million
Despite a weak start to the month due to Superstorm Sandy, auto sales for November of 2012 are expected to top 1.1 million. This would represent a 12% increase over November of last year, and is just over the pace that was posted in October of this year…. → Read More
SiriusXM Posts Great Black Friday Close
Happy Holidays to everyone. It is my sincere hope that you all had a wonderful Thanksgiving. This technical update is normally a SiriusBuzz Premium feature, but today’s report is for the benefit of all readers. Black Friday saw SiriusXM close at $2.78. With that close we saw the… → Read More
Legends, Lies, and a Tendency To Exaggerate
As sad as it is, I am once again put into the position of getting the truth out there. There are some people in this world that lie and exaggerate so much that they ultimately believe their own lies. Once that happens they can become very convincing to… → Read More
SiriusXM Gets A Bit More Bullish… A Bit
Another trading day has passed and once again we see another bullish signal in the technicals. SiriusXM was successful in removing a warning flag today. This is yet another bullish indicator for SiriusXM. Before going any further we need to step back and define this bullish behavior. It… → Read More
Bullet Point – SiriusXM Dips Below $2.77
Just when I thought that I could go into the holiday on a positive note this equity breaks a key level and does it at the end of the day! SiriusXM has broken below $2.77 and it appears that it is going to happen on some decent volume…. → Read More
Bullet Point – Warning Flag Removed
With SiriusXM trading at $2.77 today we have a potential to see a warning flag removed on the EMA chart… a bullish indication despite the existence of 2 other warning flags. This means that over the last 3 sessions 4 caution flags and one warning flag will have… → Read More
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