Tom 
The sp500 on the long term charts is at a potential turning point. The quarterly price candlestick which ends in June 2013 is at risk of forming into a ‘shooting star’ candle stick with a long topping tail. While this does not guarantee we are at a major turning point, it does warn that we … Read more
ATOS Atossa Genetics is a small biotech device company that has a low float and an apparent bullish longer term setup on the price chart. ATOS may be much more than just a technical setup if management can execute on its vision for having its device replace mammogram tests as the world standard for women … Read more
Arena Pharmaceuticals is shaping up into a potentially attractive weekly setup. A few weeks ago it completed a harmonic pattern and has a large amount of sideways cause for an extended move.
VHC recently had a crash in its stock price on record heavy volume. However the stock has found itself perched right on a key critical support level and creates a potential opportunity. I am looking for an upward automatic rally from this crash. VHC has a reasonable size trading float which appears to give it … Read more
BV Test Post
Here we are in the midst of the slow summer trading season and the market continues to try to press higher. So it would appear that the market still has a chance to press higher but now in the short to intermediate term there are some patterns that are showing we could be coming into … Read more
The sp500 finished the quarter and month this past Friday with a bang. It was really quite impressive and the huge up day we had June 29, 2012 should be respected and taken exactly for what it is… A valid sign of strength and kick starter to a new up leg going into the election … Read more
I still get this sense that many traders are waiting for the ‘dog to bark’ in regards to the stock market but time and time again it is just not happening. Despite all the potential bearish events we could have seen transpire over the last few months, they are not really happening. This is a … Read more
I think yesterday’s bearish market action may have been a fakeout. I am referring to 6/21/2012 market action. This may have been a fakeout similar to the one that occurred on 6/11/2012 where it looked like a huge reversal was taking place. One hint that 6/21/2012 may have been a fakeout was the low volume … Read more
RPRX should be on watch next week for a possible nice upside move. I talked about ARNA and RPRX last month as bucking the current bearish market trend. Biotech recently has had very strong relative strength and seems likely to continue for a while. RPRX looks like it may want to enter the RSI power … Read more