Quick update to the trade.  The bulls are firmly in control of Exelixis (NASDAQ:EXEL) with a cup being formed on the intraday chart and a possible handle formation next.  A handle would give the ability to add more to this position, but I don’t anticipate resistance should be that strong.  Unless volume is very low, [...]

With the market in correction mode, not much to update.  Bounce opportunities are available, but you must have zero loyalty/emotional attachment to be successful at these.    A bounce indicates the stock was recently falling.  That implies a bounce will fall right back down, if not lower, than where it bounced from.  If you buy thinking [...]

Following up on the previous post from the forums, here is an updated chart. Exelixis (NASDAQ:EXEL) has been resting near support lines at the bottom of the trading range that was established in early March. If after hours action Monday night is any indicator of the pre-market action Tuesday, we can expect EXEL to open [...]

Recent updates to the following trades.  Join the discussion on the forums.    Gran Tierra (GTE) Long Trade Magellan Petro (MPET) Long Trade Star Scientific (CIGX) Long Trade Apple (AAPL)  Options Earnings Trade BGC Partners (BGCP) Long Trade Exelixis (EXEL) Long Trade Cheniere Energy (LNG) Long Trade Kodiak Oil (KOG) Long Trade

For those who follow me, this will be a shocker.  I am running a trade in the financial sector.  No, this doesn’t mean I’m bullish on the sector just yet.  Diversification is our friend and being heavy leveraged towards energy and biotech, I saw an opportunity and jumped on it.  BGC Partners (BGCP) is the [...]

Continuing with the overall energy theme today, Magellan Petro (NASDAQ:MPET) is a very speculative oil and natural gas play with a base forming to run up from.  The current setup is near two support levels, with the key level being $2.35, so you know where to place your stop losses.  Above that, we have significant [...]

Energy, specifically oil and natural gas, continues to be a favorite sector of many, including myself.  In looking to capitalize on that strength, I have entered a trade in Gran Tierra Energy (AMEX:GTE).  A successful trade in Exelixis (NASDAQ:EXEL) has been sold down significantly as the support was showing weakness.  EXEL was profitable but not [...]

This post originally appeared during market hours on the stock market forums – 3-30-11 We are seeing a bullish divergence intraday in Exelixis (EXEL), which can only happen as the stock downtrends.  That means the indicators are showing good signs beneath the price weakness (see chart).  While this is good news, this doesn’t make a [...]

This post originally appeared during market hours on the stock market forums – 3-30-11 We are seeing a bullish divergence intraday in Exelixis (EXEL), which can only happen as the stock downtrends.  That means the indicators are showing good signs beneath the price weakness (see chart).  While this is good news, this doesn’t make a [...]

This was the bullish day we had been waiting for in Exelixis (EXEL).  We finally broke past some key resistance levels and now the bulls have the upper hand to push our way towards the next resistance at $12.50 and onto the 52-week highs shortly thereafter.  If the shorts start to cover at once, we [...]