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 [...]
As mentioned in the last post, the S&P 500 is again in bullish mode, having flashed several buy indicators in the past week and a half. And 3 out of every 4 stocks move along with the S&P. Our job: Use technical analysis for the S&P 500 and company stocks in the hottest sectors to [...]
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 $2.35, so you know where to place your stop losses. Above that, we have significant [...]
Energy, specifically oil and natural gas, continues to be a favorite sector of many, including myself. In looking to capitalize on that strength, I have entered a trade in Gran Tierra Energy (AMEX:GTE). A successful trade in Exelixis (NASDAQ:EXEL) has been sold down significantly as the support was showing weakness. EXEL was profitable but not [...]
This post originally appeared during market hours on the stock market forums – 3-30-11 We are seeing a bullish divergence intraday in Exelixis (EXEL), which can only happen as the stock downtrends. That means the indicators are showing good signs beneath the price weakness (see chart). While this is good news, this doesn’t make a [...]
This post originally appeared during market hours on the stock market forums – 3-30-11 We are seeing a bullish divergence intraday in Exelixis (EXEL), which can only happen as the stock downtrends. That means the indicators are showing good signs beneath the price weakness (see chart). While this is good news, this doesn’t make a [...]
Even though we just ran an article about the market folling the bearish pattern of 2010, that pattern was busted today with a breakout on the Dow Jones Industrial Average ($INDU). We are now in “buy ” mode once again and will be looking to get into stocks with good setups, or add to recent [...]
CURRENT $SPX ENVIRONMENT It has been quite volatile in the $SPX from the end of February until now. There has been all kinds of unrest in the world in that short time period from the food cost riots in Egypt, to the unrest (and later military campaign) in Libya, to the disaster in Japan with [...]
DARLING INTERNATIONAL,INC (DAR) Sector: Consumer Goods Industry: Cleaning Products Full Time Employees: 3,330 With commodity prices still on the rise and planting season just about underway, now seems like a good time for a food Industry selection. However, this one has a twist. Not a conventional restaurant of food producer, but one that that provides [...]
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 [...]
