Posted on Tuesday the 31st of March 2009 at 22:48 by LtPinback
Very common rebound on big gap of previous day. Price trended upwards all day until huge profit taking took place from 3:30pm until the end of trading. Volume was average and trending slightly upn Britain, Barclays bank declined to take part in a government asset-protection plan. Thus setting a positive mood in the Financial Sector.
S&P [...]
Posted on Monday the 30th of March 2009 at 23:57 by LtPinback
Monday trading opened with a big gap down that followed with profit taking and a bit of relief buying at the end of the day. Volume was average. VIX rose 10.96%The government told GM and Chrysler that they have 60 more days to put their act together or face “orderly” bankruptcy. GM CEO Rick Wagoner [...]
Posted on Sunday the 29th of March 2009 at 18:35 by LtPinback
strong>ACS
Multi-month bullish wedge with one fake break.
Case for Long position: Price above SMA 20,50 and 200 and bullish wedge
Case for Short position: MACD divergence. One fake brake.
Status: Waiting for brake move either way.
May not trade as price movement is choppy.
AMD
Channel with well defined top edge.
Price within the channel is not clean so no trading the [...]
Posted on Friday the 27th of March 2009 at 23:09 by LtPinback
Back below the 825 level in a tight and choppy trading day. Consolidation continues with a strength that is surprising many traders who impatiently are expecting a retracement. Volume was average.
JPMorgan Chase & Co’s (JPM) CEO Jamie Dimon got automatically nominated for the foot in mouth award after he commented live on CNBC that March [...]
Posted on Friday the 27th of March 2009 at 1:26 by LtPinback
1. RIO is prime stalking candidate both for potential Long or Short positions.
2. DUG may fail huge depending on XOM movement.
3. XOM will determine DUG’s fate (and DIG’s).
