The emini S&P futures have formed an inverted head and shoulders over the past week, and are now sitting at an important level. Last Thursday we were unable to sustain any trade below 1300 once again as we rose back up to around 1318. Now that that we are sitting right at the break out [...]
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 [...]
Today’s Company Invest pick is Broadcom (BRCM). Broadcom is a very high quality Nasdaq stock. This is an exciting pick. Unlike many shorter term trades, this stock pick could be set up for a multi-week or multi-month hold here. BROADCOM PROFILE (BRCM) Broadcom Corporation designs, develops, and supplies semiconductors for wired and wireless communications. It [...]
Today’s Company Invest pick is Broadcom (BRCM). Broadcom is a very high quality Nasdaq stock. This is an exciting pick. Unlike many shorter term trades, this stock pick could be set up for a multi-week or multi-month hold here. BROADCOM PROFILE (BRCM) Broadcom Corporation designs, develops, and supplies semiconductors for wired and wireless communications. It [...]
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
INTRODUCTION In the last BullBear Market Report, I called for a bottom to the Middle East/Japan panic selloff while at the same time laying out the parameters for a bearish turn in the markets. The bearish conditions did not come to fruition and BullBear Traders were able to catch the exact bottom of the [...]
COMPANY INVEST STOCK PROFILE Today’s pick is a platinum miner in the metals and mining sector. The company is Platinum Group Metals, Ltd (PLG). Platinum Group Metals Ltd. explores and develops mineral properties in Canada and South Africa, primarily platinum. It holds interests in the Western Bushveld Joint Venture, War Springs, and Tweespalk properties in [...]
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 [...]
