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Author: Scott Redler

Mixed Signals (IWM, DRQ)

By: Zev Spiro The major market indices are sending out mixed signals that need to be resolved. The S&P 500, DJIA and Nasdaq-100 Indexes, still in bullish trends, are above their 20-day moving averages and all but the Nasdaq...

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Can Gold Restore Its Luster?

Gold reversed hard the first day trading of the year, making a bearish triple top, and has continued to be weak since. On a technical basis, the SPDR Gold Trust ETF (GLD) was a great short through the lower trendline of the...

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PRGO Buy the Dip

By: Zev SpiroPerrigo Co. (PRGO) recently broke out of a bullish continuation inverse head and shoulders pattern that is indicating a minimum expected price objective of 78 dollars. Currently, the price is consolidating the...

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Futures Drop After VMWare Earnings

Futures are pointing to a down open Tuesday after Monday’s rally as investors continue to digest the meat of earnings season. After the close yesterday, virtualization leader VMWare, Inc. (VMW) beat analyst estimates on...

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You Never Go Broke Taking Profits

GOOG weakness Friday told me to short gap up this morning.I came in today not really sure what to expect, given that I was out Friday and really didn’t watch the market at all. One thing I did see right away was Google, Inc....

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