Stock Setups – Page 7 – Best Online Trades

So goes the General, so Goes the Market

February 7, 2012March 16, 2010 by Tom

General Electric (GE) made a statement today on big volume and wide price spread. It broke north out of this quite large ascending triangle formation roughly 5 months in length, so we are talking quite a good amount of cause for this recent move. It is amazing how GE was able to work off the … Read more

Allied Irish Banks plc (AIB) Looking Bullish to Me

February 7, 2012March 16, 2010 by Tom

AIB Allied Irish Banks looks to me like a good trade from here. It is an ADR (American Depository Receipt) and has plenty of gaps all over the place. But if that does not bother you it may be worth a look here. The solid blue line represents a long term support line going all … Read more

China Agritech Inc. CAGC forms Bearish Tri Star Candlestick Formation

February 7, 2012March 15, 2010 by Tom

CAGC the absolutely MASSIVE momentum China Stock Play that has been performing like a true champ, today finished forming a potential pattern that should provide a halt to the rocketing share price.

The pattern is the bearish tri star candle stick pattern. The pattern consists of three candlestick doji’s in what looks like a tri star formation and there exists gaps between the top doji and the two bottom ones.

Now I gotta tell you, I would be the last man on this earth to recommend shorting a super strong momo China Stock like CAGC. However in only 1.5 months CAGC has managed to rise 144% which is astounding. That kind of move is unsustainable and in most cases needs some kind of retracement before it can continue higher.

CTEL City Telecom (H.K.) Limited (ADR) Cup and Handle at Momentum Peak

February 7, 2012March 1, 2010 by Tom

CTEL City Telecom Limited is another China Stock that has some major momentum and volume behind it for months. If you look at the price chart of CTEL you may get a bad case of Acrophobia (fear of heights) as the stock has been powering higher very persistently and most recently done so on robust … Read more

SkyPeople Fruit Juice Inc. SPU tests February 8th swing on 54% more volume

February 7, 2012February 26, 2010 by Tom

SkyPeople Fruit Juice today tested its February 8th 2010 swing high on 54% greater volume which is a bullish sign that it should eventually be exceeded. Yesterday SPU gained about 12% and so I do not consider it unusual to get a pull back today especially since SPU drove right into previous resistance. Only giving … Read more

Still Waiting for CAGC China Agritech Inc. to do a Retracement

February 7, 2012February 24, 2010 by Tom

CAGC China Agritech Inc. is stubbornly clinging to its recent highs and I suspect it will continue to do so in the days ahead before a more involved retracement. I am still trying to figure out where to get long CAGC and as mentioned in a previous post, am looking for 19 and change as … Read more

HPJ Hong Kong High Power Technology Inc May be Setting up an ABC Up Leg

February 7, 2012February 19, 2010 by Tom

HPJ Hong Kong High Power Technology could be setting up for an ABC up type move that could launch it to near the 8 level. HPJ is a china stock that makes batteries, so we are talking demand for energy to power many different types of gadgets. A small snippet from the HPJ website: Our … Read more

Origin Agritech SEED Setting up for Potential Breakout Into Earnings Tomorrow

February 7, 2012January 13, 2010 by Tom

SEED is a Chinese Agricultural Company and it has a very bullish looking chart structure both in terms of volume and price action over the last few months. Earnings are coming out tomorrow morning and it is going to be interesting to see whether or not the technicals are able to confirm a possible positive … Read more

AXL American Axle & Manufacturing Holdings Poised for Breakout

February 7, 2012January 4, 2010 by Tom

AXL has a very nice large pattern in the form of an inverse head and shoulders bottom. This is a high reliability pattern and it is occurring over a time frame of 1.5 years which makes its breakout implications very significant. The right shoulder portion of the pattern has a saucer or scalloping type formation … Read more

Direxion Daily Financial Bear 3X Shares Look Very Good To Me

February 7, 2012December 18, 2009 by Tom

The FAZ Triple Inverse Financial Bear ETF looks extremely attractive to me right now based on everything I am seeing in the market. The UNG performed as expected and is now getting to be a tired trade already and I suspect it will pull back some before building higher down the road.

But now the FAZ has flashed all sorts of buy setups and looks very good to me going into next week and end of year and early January. I think we could see FAZ blast higher into the high 20’s range during the next 1 month time frame.

As I indicated in a previous post, the WEEKLY MACD has now turned down on the SPY and the SP500 index. That means that the market will have weekly bearish headwinds going into next week.