Markets are showing some signs of fatigue but they are still in solid uptrends on the longer term timeframes. The charts of SPY, QQQ, IWM and SMH are shown below on for the period of just over a month. Each candle represents 30 minutes of trading so there are 13 candles per day. The three … Read More
It seems like every time the market approaches a previous level of resistance the “double top” callers come out in force. There is nothing wrong with correctly identifying this reversal pattern, the problem is that a double top has not formed in the $SPY. Look below at the chart of RedHat ($RHT) this stock formed … Read More
Mobileye ($MBLY) is a much anticipated Initial Public Offering due to come to market later this week. The company is “is the global leader in the design and development of software and related technologies for camera-based Advanced Driver Assistance Systems (“ADAS”) . The company’s technologykeeps passengers safer on the roads, reduces the risks of traffic … Read More
Ballard Power Systems $BLDP is looking like it is capable of making a big move higher and it should be on your radar NOW. The stock has a “band of resistance” between 440 and 452,(see the weekly chart above) once above that level it looks like it could be capable of a move north of … Read More
Shares of ISR have held gains well since the mid March spike and now the stock is worth watching for a potential short squeeze. Now is time to stalk the stock and maybe dig into what the story is. Is there something that short sellers know or are they fighting a losing battle? Short sellers … Read More
Below is chapter 15 of MY BOOK about the dynamics of a short squeeze and what to look for in a developing squeeze. Read this before you look at the chart of PLUG below. Short Squeeze The chart below is of PLUG, I have drawn in the total short position below the price, the labels … Read More
There is a tendency for traders to feel badly about under performing the market averages on a daily or weekly basis, but success as a trader does not come from such short term measurements or comparisons. We all have our cycles of under or out performance, but over time, the true measurement of success in … Read More
Sorry everybody, I am just not feeling well.