New Trade: BGC Partners — A Rare Financial Play
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...
Read MoreAuthor: Michael Kudrna
New Trade Setup: Magellan Petro – Speculative Oil and Natural Gas
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...
Read MoreNew Trade Setup: Gran Tierra Energy – Playing The Bullish Oil And Natural Gas Sector
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...
Read MoreIntraday Analysis: Broken Support Yet A Bullish Divergence
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...
Read MoreBattle: Exelixis (EXEL) – Shorts Losing The War
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...
Read MoreStock Of The Week: Biotech Favorite EXEL
This week’s stock of the week is a biotech play we have been accumulating for a while now, Exelixis (EXEL). Friday, EXEL saw very strong bullish volume paving the way for it to resume this week. The shorts...
Read MoreA Bounce In A Downtrend But Nikkei Rebounds Tonight
With the Nikkei (Japan Market) finally rebounding tonight, the bulls are breathing a sigh of relief before Wednesday’s open. Tuesday saw us break more support levels all the way down to the 100-day SMA before the...
Read MoreChart Analysis: EXEL – Biotech Trade Setup
Exelixis (EXEL) is a new biotech position of mind that is currently at the bottom of its recent trading range with relatively strong support. After a strong rally from January, EXEL has finally pulled back towards support...
Read MoreThe Markets Steroid Injections Are Coming To An End
With oversold conditions on Friday, we managed a bounce as the market tried to digest and desensitize itself from the headline risk. The volume was weak and the bulls were unenthusiastic which was a reminder of the...
Read MoreThe QE2 Uptrend Finally Cracks
Today was a damaging day as the 50-day SMA was finally broken intraday, we bounced, and ended up closing below it near the lows of the day, a very bad sign. The bottom bollinger band was broken in the S&P 500...
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