Hot Pick Of The Day

[Runner]

RSI power over last 30 days!

[Runner]

Longer term possible target off monthly chart. Note each candle is one month.
Is this chart extended? Or is it just getting started?



click to enlarge

[Runner]

What you think of this chart? Seems to be moving in step with $OSX.

[Runner]

Newborne, not sure if this is going to help or not, but this was my thinking when looking at SKS. I’m sure most already know this. I’ll try to put in my thought process, but it is not easy for me to express it sometimes. As for SKS nobody can say for sure what will happen next, but a plan in place to lock in profits must be in place.

I try to figure out the Bear and Bull tasks. Notice with this chart a higher market structure forming. This clearly states the bulls are willing to pay higher prices. Soon the Bear tasks will jump in and try to lower the price. All we can do is attempt to figure out what could happen next, get a signal then react without hesitation to that signal. Will we get false signals? Yes many times you will dump the position to only see it rocket up, but you traded the best information you had at that time.

Will SKS move higher tomorrow? I don’t know, but based off the bull action today. I expect it to open higher. How is the overall condition of the market? Not doing a whole lot and may run in either direction. I think down, but who cares what I think.

Not sure if what I’m trying to convey makes any sense!!

SKS follow up!
My guess is the buyers of the 16.54 low locked in gains around the 18.00 area and then some shorted it back down and went long again off the 17.20 area. Notice the uptrend is still intact..

[Runner]

You can’t ask for a better example of Market structures then these charts on SKS. It really does not get much better than this.

[New-born baby]

Cold Pick of the Day

AA:
Weekly shouts "LOWER PRICES."


The daily says that one more straw will break the back:


Short the dog.

[ninner]

DGO is a service u have to pay for its like 1000 dollars a year....yeah pricey but i have made my money back and more from using it!!! that is the for all the services daily graphs, industry groups, and screener u can buy each one seperately!!!

cheers

ps i guess other people are also liking GRP and the oil service sector!!!

[Runner]

DGO is a service u have to pay for its like 1000 dollars a year....yeah pricey but i have made my money back and more from using it!!! that is the for all the services daily graphs, industry groups, and screener u can buy each one seperately!!!

cheers

ps i guess other people are also liking GRP and the oil service sector!!!

Nice little move on GRP!!lo

[New-born baby]

Xto

Ninner,
I see XTO moved $1.50 today.

[ninner]

what didnt move up on oil and natural gas today.....Hydl was up over 2 bucks today .upl was up over a buck....chk was up 1.41.swn was up over 2 dollars as well big day!!!

[ninner]

the drillers were up 3.3%, us expl and prod were up 2.8%, as well as oil marketing and refining, oil machinary and equip was up 2.6% and oil field sevices was up 2.4%

[Runner]

the drillers were up 3.3%, us expl and prod were up 2.8%, as well as oil marketing and refining, oil machinary and equip was up 2.6% and oil field sevices was up 2.4%

GRP in P/B mode:

[Runner]

Been watching this one and have yet to find an entry point. NTRI is the tic. Hit my screen about a week ago and has not had a P/B yet. I thought today would be they day, but it held well. Check out the weekly volume on this little pup.

[skiracer]

Would have been nice to gotten into this one around 7 or so. Been tracking up for quite awhile now.

[Runner]

Ski, ya right about that. I wish I would have found it earlier. Seems to be running sideways for now. It just might have some more running room?