Although we have a another up-day for $APRI, price is still at the beginning stage of a triangle breakout in the weekly chart.
Take a look at the weekly chart below:
What it means is that if the breakout to the upside happens on the weekly chart, we are still in the infantile stage of a run.
My 2 cents.
Comments »1st storm: Is Facebook Home a Threat to Google?
2nd storm: Google, Microsoft Being Disrupted by Mobile Apps: Pro
3rd storm: Buy Signal: Facebook Widens Data Targeting
4th storm: See weekly $FB chart below:
We have a strong bullish bar last week near support, two momentum indicators turning the corners to the upside.
Need me to say more?
I doubled down on $FB this morning.
My 2 cents.
Comments »Take a look at the $SPY daily chart below:
It looks strong and convincingly bullish. There is no if or but; we are going up.
I’ve bought back $DDD, $CHK, $DNN, added more $SZYM to my portfolio.
My 2 cents
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Look at the daily chart below and tell me it is not what you see?
I believe the medicine is working!
Needless to day, I bought back some position this morning.
My 2 cents
Comments »With real estate related stocks going back up almost every week, you have to admit that $AIG will have to come roaring back eventually. Yes, it was mortally wounded before but it was brought back to life from near death by our esteemed Gov’t doctor. I see $AIG is walking here and there and doesn’t look like it is dying. What you say?
Hence, I bought a starter position on $AIG; maybe even for a long-term hold, what say you?
Below is the $AIG daily chart:
Both indicators below are turning up! Did I mention that $AIG is in the “smart-money” list provided by The Fly earlier?
Below is the daily chart ETF-real estate $IYR:
Look at that uptrend! Woo! Woo!
My 2 cents.
Comments »Think about it, the mortality rate of people catching bird flu is high; so by approving Peramivir, China has nothing to lose but everything to gain for $BCRX.
It is a gamble I’m willing to bet; therefore, I added more at open.
What do you see in the daily $BCRX chart below?
I see a rocket ship getting warm up to launch. No, it hasn’t been launched yet. If $BCRX’s Peramivir proves to be effective in controlling the outbreak, you won’t see parabolic move, you will see something entirely different. However, don’t forget the downside risk is there too if Peramivir proves to be ineffective.
I’m thrilled; this bet saves me a trip to Vegas.
My 2 cents
Comments »Impressive comeback for the bull. Instead of a continuation of a downtrend based on time-of-day, the bull decided to take charge and run-over the bear to close the day with a real nice green bar that would close above the GW1 support.
My foray into $FAZ was quickly cut short when my stop was hit which I totally didn’t expect it would get hit.
Below is the strong bull $SPY chart:
My 2 cents.
Comments »While the $SPY is struggling back to the upside; be mindful of the the time-of-day resumption of the overall current down trend. I’ll pay attention to the price action around 02:30pm EST or 11:30am PST. Any major dumping around that time can easily take the $DOW down another 100 points or more.
Notice the 5m $SPY chart below. There are two 79 & 89 ma that act as resistance; in other words, this rally you are seeing may be a trap…
Be safe!
My 2 cents.
Comments »Take a look at the $SPY daily chart below.
Market opened below the Giant Wall One support and that to me was a big red flag for the bull. It’s going to take a LOT more effort to climb back up to take out the resistance of this Giant Wall One which was once a support.
Needless to day, I placed all my swing order trades to sell at open using market order. There was no if or but or “wait to if there is a bounce” type of mental digression. All were for small losses except for $FB which I still had a healthy gain. When a bad payroll data came out and market tanked like this before market open, I like to stand aside with more cash and see what happen next. I do not like to watch with my cash at risk.
The way I see it, all mini-rallies are shortable. I’ll be looking for short as a day-trade.
Holding only my position trades LRAD, AMRN, TINY and 67% cash.
Be safe!
My 2 cents.
Comments »With a strong bounce back in yesterday nice dragonfly candlestick bar, today action was almost an upside down version of yesterday bar. Now, put the two together and Voila!, you have a doji bar. A doji is to be considered a neutral bar where neither the bull nor the bear win the day.
Since my position is kind of a neutral, I will let the price action decides for me tomorrow.
However, looking at the chart basing , it sure does look like it wants to go up badly…
My 2 cents.
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