Investor News

Liberty Media (NASDAQ:LMCA) filed with the FCC that they have bought additional shares of SiriusXM (NASDAQ:SIRI).  The filing indicates some 40 million additional shares were purchased during the week.  Essentially we have Liberty Media supporting the stock price of SiriusXM in the mid $2.60’s. This dynamic has created… → Read More

Whether you celebrate for eight days with a Menorah, one day with a Christmas tree, or as many days as it takes to pin the head of the household while gazing at an aluminum pole in the corner of your living room, SiriusXM has you covered. This year… → Read More

Even with the trading action today, most of the technical indicators remain bearish in the near term.  We did get some volume in the second half of the day, and it was enough to carry through the 50 day moving average, but it was nowhere near enough to… → Read More

I have been watching the volume today, and in the last 20 minutes or so we saw a spike in volume.  It will be interesting to see if it has follow-through.  As yet it has not had the strength to really topple $2.67.  Remember the strong wall is… → Read More

SiriusXM is trading today on average volume.  It seems to be holding a very tight trading range at $2.63 and $2.64.  Nothing is rocketing up, nor is it plummeting down.  The technicals still say that things are bearish.  At this point we can not call a reversal to… → Read More

Well, we saw the $2.50’s tested today.  It is something I have been keeping on my radar screen.  The problem is that when moving averages converge the equity is going to move one way or another.  Sometime figuring out that move can be a big challenge.  It can… → Read More

The EMA chart has added a new danger flag as well as a new caution flag.  All metrics in the EMA chart are shifted.  Short term is very bearish.  Mid Term is bearish.  Long term is neutral.  Volume is still high and despite a bounce into the $2.60’s,… → Read More

As you can see by the action today there is a battle happening.  It would appear that the sellers are winning.  The equity tests a low, bounces back up, and then tests a lower low.  The latest was a test at that key level of $2.55 I spoke… → Read More

The gap at $2.58 has filled and the equity is hovering at that level but no bouncing.  Look at $2.55 now and then $2.50.  Volume still heavy.

It looks like SIRI will go ahead and hit $2.60.  Put $2.50 on your radar screen.  This down move is on volume.  It has strength.  Key levels to watch: Support at $2.55 Support at $2.47 100 Day EMA at about $2.50 200 Day EMA at about $2.35 These… → Read More