Now that the market indices appear ready to blast higher out of a quite large cup and handle pattern, my sense is that we are going to see lots of upside almost crazy action as we go into the end of the year and then a few days into the new year 2011. Now one … Read more
I think China Agritech Inc. CAGC is a good trading stock. It falls in the small cap category, is in an industry (agriculture) with very promising long term potential, has a low float, and plenty of investor and trader interest. It is also ‘good’ in the sense that it is not trading at 300 dollars … Read more
Apple Inc. AAPL is still showing what looks like a bearish divergence between MACD histogram and price. The current upside reactionary rally is pushing to higher highs on lower and lower volume and the juice is drying up. Today not only does it push to a higher high on much lower volume again, but it … Read more
DryShips Inc. is starting to shape up quite nicely for a possible northward breakout above the all important 5.0 level. DRYS appears to be completing a small handle formation of a cup and handle pattern. What I like MOST about DRYS is that fact that on 9/28/2010 DRYS had a 50 million share day that … Read more
Federal Agricultural Mortgage Corp AGM printed three white soldiers candlestick formation off of a significant potential bottom area. This is a sign to me that AGM is ready or at least preparing for a new uptrend. I am expecting a pull back after the recent three day move that could serve as a nice foundation … Read more
Sometimes in life you just have to know when to ‘fold’. I sold out of all of any VKNG I had up to today. This may turn out to be a big mistake, but I don’t like how VKNG is hesitating in a rising wedge on lower volume and also the recent share sales and … Read more
There may be a possible short squeeze developing in CAGC China Agritech Inc right now. The stock has fallen very quickly back to a supportive range on very light volume with a small falling wedge formation. China Agritech Inc has a 20% short ratio as many shorts have piled on speculating that CAGC has ‘auditor … Read more
Someone asked me some time ago whether or not BRKR was a good buy or not on August 4, 2010. I wrote up a post on it and indicated that it was probably due for some type of pull back first that would maybe create a cup and handle formation. As it turns out Bruker … Read more
I previously talked about a very strong reversal signal that seemed to be occurring in REE. I pointed out that a very nasty looking bearish engulfing candlestick formation seemed to have formed and ought to indicate a downside reversal. The reversal never happened and I have to admit I am quite surprised. The bearish engulfing … Read more
The other day I talked about how REE Rare Element Resources Ltd was a unique type of stock because of the huge surge in volume relative to its previous average volume. I also mentioned that the stock would likely be a good buy setup if it can find a way to get down to the … Read more