Monday Attack
This week’s top RS and ES batch, chart patterns noted: STOCK COMPANY PATTERN ARUN Aruba Networks Inc BASE BCEI Bonanza Creek Energy Inc BASE BUD Anheuser-Busch Inbev Adr BASE CGNX Cognex Corp BASE EGY Vaalco Read More …
Author: GSRTrades
Durable Dow
Not convinced the bull is intact. But the Dow is key to watch here. The Dow 30 looks unsinkable as multiple distribution days fail to drive the index lower. This is the kind of action Read More …
Mid September Screen
Here’s this week’s screen of the U.S. market’s stocks with top sales and price performance rankings. Chart notes mark either: BO- Breakout, BASE- Base or congestion, and N- neutral or no pattern base. The broader Read More …
A Sturdy 45
Top ES/RS This Week – and bases, oh joy. SYMBOL COMPANY CHART AER Aercap Holdings Nv Two month base AKRX Akorn Inc New High ALK Alaska Air Group Inc AMAT Applied Materials Inc ANET Arista Read More …
Burn Bears Burn
Bears are feeling the heat as the Naz regains its 50-day moving average. We’re not all that far from a new high. Enough short sellers ready to bail could easily drive this thing higher if Read More …
Recovery Zone
The broader market is a recovering patient. Recovering from a steep fall that has it south of its 50-day moving average and wondering if it’s next stop may be down to its 200-day average. Leadership Read More …
Tired Yet Charged
We’re just not that bullish, despite what ‘they’ say. Shares, by and large, have held up well this summer. There’s no apparent shortage of Bulls expressing their sentiment for what some call “undervalued” and others Read More …
CRB, The Breakout
A base breakout with the CRB a show of optimism for economic cycle – as long as it sticks. This index of commodities says buyers are paying more, which either means there’s increased demand or Read More …
Spark It Up
New highs for the S&P 500, Naz and Russell 2K keep the fire alive on the heels of the Fed’s meeting. The story here is the Russell, which just a couple of weeks ago was Read More …
Fast Fn
Here’s the straight shot of U.S. Financial companies with estimated 30% sales growth for the next five years. All have market caps of at least 300M, average daily volume over 200K and a stock price Read More …
All Alone, Down South
The Russell 2000 is all alone under its high mark as the Dow, Naz and S&P 500 hit fresh breakouts. Our attention is focused on this small cap index because 1. That’s where we often Read More …
VIX Dive
S&P 100 options traders are complacent, according to the VIX chart above. This Point & Figure interpretation of the indicator, with all the X’s and O’s, cancels out the noise of traditional charts by only Read More …