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Originally posted by Jim Smith
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As of today's close, yes. -
For Wednesday
ASPV. Diamond top on the daily chart but it's holding above its 20-day EMA. Even though a DT is a distribution pattern, as long as it holds above the 20-day I'm viewing it as a consolidation.Comment
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GNT recovering lost ground
Up 5% today. Resistance is the 20-day EMA, about 16.30.Comment
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Dave, good call shorting the NDX.....I am thinking the yield curve is about to flatten again.....I am long the TLT....Comment
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Possible short
Diamond top on ANDE. More than double the 200DMA makes it vulnerable to profit taking. First support is the 20-day EMA, around 105.75, but I doubt that will hold.Comment
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One to watch
FIX. Tight trading range the past few days and its holding above the 20-day EMA.Comment
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Distribution underway?
Very heavy volume in FSTR and a symmetrical triangle leads me to believe distribution is underway here.Comment
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HUGE pre-market moves
ATRO up 10%, ZOLT up 24%. We eat red meat tonight!Comment
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Sold ZOLT in pieces between 39 and 39.10. Long yesterday at 29.44. That's an annualized return of about 11,914%. LOL!Comment
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WCC - buying opportunity?
WCC gapped down to its 20-day EMA on a downgrade. This EMA has been great support since January.Comment
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HANS material change
News about their arrangement with BUD. HANS is ripe for some profit taking and the 20-day EMA would be a nice place to pick up shares, should it pull back that far.Comment
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Dave,,,,Do you think that chart showing the average mid term election action will play out again this year? If so, it could get really ugly into October......Comment
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Jim, the Decennial Pattern predicts the year up 5.8%. I guess it depends upon which market you're looking at, e.g., SPX, Naz or IDX.Comment
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Looks like a Cooper breakout
But isn't, because the RS is only 81. I'm talking about ARJ. Gap open higher today on very strong volume; didn't see any news.Comment
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