This is just a quick post. But I wanted to relay to you what I noticed looking at 100 ETF charts across many different sectors yesterday. Put simply, my take is that many of them look surprisingly constructive. More specifically I am noticing quite a few clear head and shoulder bottoming formations. If they engage … Read more
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
The SP500 is trading so slow and quiet in recent days that it would seem we are already trading in the hot lackluster summer month of August. The market is teasing both bears and bulls at this juncture and appears to be close to a decision point. The ‘crash window’ I had written about earlier … Read more
The sp500 did a significant reversal today and it at least opens the door to a break north of the 1116.50 level I was alluding to yesterday. Simply candlestick analysis shows that we did a reversal hammer and there is also a slight tendency towards a small head and shoulders bottoming formation in the sp500. … Read more
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
I have identified what may be a potential deflationary crash window developing in the SP500. The ‘window’ for this to occur is during the next 15 to 20 trading days. It is unlikely we will get an exact repeat in terms of price action, but I am just drawing on potential possibilities here. The comparison … Read more
I want to change focus a little bit and instead of worrying about the indexes and bull or bear market all the time, instead try to focus on strong momentum stocks that are actually making some money. CAGC seems to fit that category well. They are making good money, have good margins and momentum at … Read more
Right now we are in a grey zone with the market. And grey zones are very difficult to trade consistently. When I say grey zone I am talking about difficult swing trading ranges that can be difficult to time because they do not push as low or as high as you would normally expect them … Read more
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
I just cannot seem to stop this obsession with the SP500. I am not sure why. Perhaps because it is so enticing to try to figure out what direction it is going in 2010. It is like the big mother earth ship whose direction is so crucial. So crucial not just for the sake of … Read more