Russell 2000: +1.37% S&P 500: +0.95% Nasdaq: +0.29% It was a nice week in the stock market overall. Even though the indices flat lined most of the week, the price action was strong. Even during the market consolidation, there were breakouts happening all over the board, which tells us that speculative money is coming into …
RKUS , a recent hot IPO stock has a nice daily chart as it bounced 20 Ma recently , creating a decent flag pattern. Stock gapped up today above the flag and made quick morning run and consolidated for whole day. Since it is a small float IPO stock,we were paying attention all day as …
$PERI gapped up big this morning to all time high. Always a priority setup for day trade long or short. We waited for an opportunity for a trade. I was looking for pullback and then bounce back. Click on the intraday chart to see how the trde played out. …
Here is a look at the market indices & my thoughts for the week [screencast url=”http://screencast.com/t/HNtnkIgtbD” width=”” height=””]
Russell 2000: +0.18% Nasdaq Comp.: -0.23% S&P 500: -0.32 % Flat week for the markets. WE had the chance to break over november highs and we tapped it and faded. To me that was a bearish sign. Overall the price pattern in the s&p is still pretty solid but we needed to …
@szaman here. The following seven stock are in multiple time frames break out zone. Most of them looks to set for all time high break out in coming weeks. The beauty of all time high break out is without no overhead resistance , the stock can advance as much as it wants. So lets watch …