I am starting to think that the sp500 may just be finishing a typical garden variety correction instead of a new down trend. It really depends on whether or not the recent testing of the breakout range of 1560 is complete, or if it was an initiation move for a further decline. The market so … Read more
ATOS Atossa genetics is a biotech medical device company. Their product is a device that tests for early signs of cancer in women and they are trying to create a new paradigm of testing that replaces the current standard 38 million mammograms done each year. From what I have learned so far mammograms are less … Read more
Market analysis still amazes me to this day. You get to the point sometimes where you just do not have a clue what the next move of the market will be, and then out of no where the market hands you a little clue. Sometimes the clues are very subtle and not so obvious. Anyway, … Read more
The S&P 500 Index managed to achieve a mediocre bounce from the shorter term bullish gartley pattern discussed a few days ago. The jury is still out on how strong of a bounce this will be, but early indications are telling me it will be a weak bounce and shorter lasting. If the nature of … Read more
The sp500 is showing weakness as we approach the end of the second quarter. How the sp500 finishes the second quarter ending June 2013 will be an important guidepost as to what may be in store for the sp500 in July August and September 2013. So we have 5 full trading days left in the … Read more
Solar stocks have been strong as of late with CSIQ being the clear leader. Many Chinese solar stocks have also had a nice run but many seem to be lagging and having a hard time for more continued upside follow through. YGE is interesting to me because it could be a good case study in … Read more
The sp500 has been trading with a relative calm as of late. We are currently in correction mode on the sp500 but all things considered the market has been holding up in a relatively good and orderly corrective fashion. The sp500 continues to trade in a tight rising trading channel and so far has not … Read more
GNE or Genie Energy has a nice compressed triangle and recent positive price action which includes a high volume maribuzu price candlestick. The Oil sector is important to watch in the coming 1 to 3 months as the 30 year seasonal charts show that Oil should have strong upside bias going into August. That should … Read more
So far RVLT has been behaving like an ideal breakout. It has room to 5.50 because of a tradeable void between 4.00 and 5.50 . 5.50 marks important resistance for the stock. Unfortunately I was not able to highlight RVLT earlier on BestOnlineTrades site. RVLT is the result of an experimental scan I created in … Read more
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