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...
Read MoreContinuing 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...
Read MoreEnergy, 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...
Read MoreThis 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...
Read MoreThis 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 MoreThis 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 won’t...
Read MoreWith 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 dip-buyers...
Read MoreExelixis (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 MoreWith 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 low-volume...
Read MoreToday 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 (SPX),...
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