Stopped out of SODA today for a modest gain. Boooom $-) !
SodaStream Int stopped me out of my short position today with an 18% gain. The stock remains in bearish phase and in a sell signal. However, the column reversed to Xs today. I will look forward to reshort after the column has reversed to Os.
China Cache just returned to a sell signal after a quadrouple bottom breakdown at $11.50. I just initiate a short position with a stop order at $13 on the column reversal to Xs. We will see how this one plays out. Certainly nothing bullish about this from the technical side.
Pandora just formed a bearish catapult!!! Time to consider a short position again! The stock gave a double bottom breakdown sell signal at $19.00 today. This comes after a triple bottom breakdown sell signal in Sept at $24! Next known support at $17.5, then $14ish
Glu Mobile remains in bullish phase and in a buy signal. However, it has been on a column of Os since $7.50 This is not the right time to be involved in this stock for any reason! The next known support is at $3.75 on the double bottom breakdown sell signal. Lets continue to avoid.
The SnP 500 put a new X today after reaching $196! This forms a resistance on a bearish signal (lower highs). Notice the perfect staircase. Since the technical picture remains in a sell signal after a double bottom breakdown at $188, I continue with my bearish bets. All that will change if we see a […]
The technical picture of Pandora still does not support a long term investment in Pandora Media. The stock is in bearish phase, in a sell signal after a triple bottom breakdown sell signal at $24 and in a column of Xs. We must not consider a long position until we see a buy signal and […]
Ubiquiti Networks is in bearish phase, in a sell signal after a double bottom breakdown sell signal at $37 in Sept and in a column of Xs. Next known supports are at $30 and $31, After that, only my Lord knows. Therefore, considering a long position is a VERY RISKY proposition
Bam bam! Facebook just returned to a buy signal today after a double top breakout buy signal at $80.00 This is a great point to initiate a long position or to add to existing long. Set the stop order at $77 on the column reversal to Os! IF you are a long term investor, I […]
Dead money right here! =) If the markets have been strong this year, or at least have been holding on, and this is a crapper, imagine what will happen when the markets retrace! The stock is in bearish phase, in a sell signal after a double bottom breakdown at $61 and in a column of […]
The technical picture of Nokia has not changed. The stock is in bullish phase, in a buy signal after a double top breakout at $4.75 and in a column of Xs. I would set the stop order at $7.00 on the doule bottom breakdown sell signal since there is not known support until $3.00!!!
What to write here…. DO NOT PICK UP THE FALLING KNIFE! The risk outweighs the reward enormously!!! Not because a stock was at $100, does it mean that it will be there. It could, but it could also take YEARS! The stock is in bearish phase, and it just generated a new sell signal after […]
We have to be really careful in Yelp! The stock is in bearish phase (below red line), but it generated a new double top breakout buy signal after reaching $73 If you are long, you must set the stop order at $70 on the column reversal to Os. The next known support is at $62
I got stopped today on my bearish bet in New Link at $35 on the column reversal to Xs. Total loss of 2%. It is what it is. Now, the stock is back to a column of Xs, and it also formed a new double top breakout buy signal! The strength of this stock cannot […]
I just shorted Canadian Solar 1 full position. The stock is in bearish phase after breaking the bullish support trendline at $27 in October. The stock remains in a sell signal after a double bottom breakdown at $36 Although the stock is in a column of Xs, from the candlesticks, it seems like a good […]