I continue to watch NBIX like a hawk because it has what I consider to be both long term, intermediate term, and short term favorable technical analysis characteristics. I did a short write up on Neurocrine Biosciences Inc before and this is the second follow up. The ‘moment of truth’ for any stock, bond, index, … Read more
Like a cheetah in the tall African grasses, I have been watching NBIX Neurocrine Biosciences, Inc for several weeks now. This biotech stock first caught my eye as I was scanning through the sector lists in the category biotech stocks. I was looking at each each stock in this sector one by one (there were … Read more
The stock market is decidedly bullish today and the volume today on the SPY ETF is very robust. I believe the bulls won today and will soon break out north out of the diamond pattern I pointed out yesterday. At this point I think the bears need to raise the white flag and move on. … Read more
There are so many buy setups right now it is not even funny. A very long time ago I did a post on how DryShips Inc was headed for a triple bottom. As it turns out the triple bottom never arrived. Instead DRYS broke through the downtrendline indicated at the link above but then just … Read more
US Airways Group LCC since end of April and since the May 6, 2010 flash crash is trading much higher than the regular stock market. It has managed to trade a lot stronger than the rest of the market and show lots of relative strength. Now that the regular stock market is starting its own … Read more
I posted before briefly on CAGC China Agritech Inc as having a good possibility of moving higher to the top of its inverted triangle pattern. But after looking at the longer term chart and evaluating the risk reward I think I have to conclude at this point that CAGC is a good position trade from … Read more
Assuming the short term bullish divergence in the broad market holds up I am thinking that China Agritech Inc. CAGC might possibly get a bounce going expanding into its inverted triangle. A move higher in China Agritech Inc. after today would put it above the long term bear market down trendline as well and could … Read more
I just pulled up a chart of BP plc (ADR) and noticed that the stock is soon approaching an interesting supporting channel line. This is the same method I used to identify the bottom in USO a couple weeks ago. As it turns out I was one day early on the identification of the bottom … Read more
Ecolab Inc ECL is a slower moving stock that has a long duration head and shoulders bottom formation. This one also came up in the BOT power metastock scan yesterday. It is a stock that moves slow but and take long periods of time to develop trends but it could have a possible 20 to … Read more
Mindspeed Technologies, Inc. MSPD came up in a Best Online Trades scan I did this weekend. I have mentioned this metastock scan before in some posts a long time ago. It is a scan I almost came up with by accident but it combines some basic yet powerful criteria (some from the great trader Jake … Read more