“There is only one side to the stock market….not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the…
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Monthly Archives: July 2012
Last week SNDK came with good earnings and ran up to $40.00 and pulled back. Today even on red day it moved up and looks bullish.It looks like will run up to $44 level. Chart shown:
One week back DECK had formed bottom at $43 level and was expected to run up to $49 level. Members were sent alert to buy Aug 47.5 Calls for $3.4 and then later we sold it for $3.90. When DECK…
In my previous post I had mentioned the importance of July 5th high in S&P and Dow Jones. To reiterate, on July 5th S&P made high of 1374 whereas Dow Jones made high of 12,961. I had mentioned that both…
On July 10th CHK fell from $20.25 to $18.60 level. Next six sessions it tried to consolidate and move upward as shown by small candles enclosed in the circle. However, on July 19th CHK started moving down with good volume….
As mentioned this weekend that the rally which started on Friday was based on genuine buying besides covering for shorts. Today the market rallied further up. There was a broad-based buying again in all industries except few such as Gold&Silver,…
APA bounced off trend line yesterday around 81.70 level. It looks like headed upward towards $88 level. Chart shown:
In my market update last week I had mentioned that S&P may find support at 1325. It did. 1325 was Angle support and market had high probability of holding 1325. On Thursday while market was going down we had Puts…
S&P hit 1325 as mentioned in earlier post and bounced upward. Here is the earlier post http://financialmarketswizard.com/archives/1664 I would not be surprised if market starts moving upward starting Friday which is a market reversal day.
BTU continuously rose five sessions from 20 to 26.5. When it reached 26.50 it formed harami candle shown in circle. Then next two sessions it started its downward journey with good volume. I expect BTU to fall back to 22-20…