SOLF has retraced heavy off the 12.25 high. Probably a bit oversold here in the low 11’s. Could be a possible bounce play off these oversold conditions providing it stays above $11. [wikichart align=”center” ticker=”solf” showannotations=”true” livequote=”true” startdate=”03-02-2010″ enddate=”03-08-2010″ width=”570″ height=”365″]
NCI set strong two day support at 9.80 and launched from there. This company is horrid at best but many are choosing to ignore that. I will be looking to short when the parabolic pattern exhausts itself as it did yesterday. [wikichart align=”center” ticker=”NCI” showannotations=”true” livequote=”true” startdate=”03-02-2010″ enddate=”03-08-2010″ width=”570″ height=”365″]
After a gap fill and then a break of the 7.10 area ARNA took off. Not surprising as this stock is predictable under momentum. A little high in the 7.40’s . Be wary of a late day sell off into earnings. Could break out more if it passes 7.50 [wikichart align=”center” ticker=”arna” showannotations=”true” livequote=”true” startdate=”03-02-2010″ […]
NBIX breaking out at hod. Nice turnaround from the 5.75 pivot. 6.25 is top side resistance on the daily chart. If you are not in it long this might not be the best of entries. See if it can hold above 6. [wikichart align=”center” ticker=”NBIX” showannotations=”true” livequote=”true” startdate=”03-02-2010″ enddate=”03-08-2010″ width=”570″ height=”365″]
Penny Stock Watchlist 8.3.10 Video is of the return of VRML a.k.a VRMLQ last years big mover. Text is of AMOK GERN BJGP SMTX AMOK Another round of promotional mailers arrived at my mailbox today. Very glossy with 15 pages of charts, graphs and a million words of research. Not only was this a fancy […]
Trade Recap 8.2.10. DCTH. I took the wrong side of the fence this morning. Chart looked to breakout but what a beat down shortly after. Whoever took the other side of my trade congrats. Good thing I cut losses quick at -150. My continue it’s dive.
Kid’s Prescribed Marijuana in CA! Remember when you were young and your parents told you pot would mess with your head and make you a loser? Apparently times have changed. Now it’s all good to trip your child out on some nasty shake. In California where medical marijuana is legal for medicinal purposes, providing you have […]
Approaching double top resistance at $6 intra day. 6.19 would be next upside on daily chart. I might play a breakout if the action warrants at the $6 level. [wikichart align=”center” ticker=”NBIX” showannotations=”true” livequote=”true” startdate=”02-02-2010″ enddate=”02-08-2010″ width=”570″ height=”365″]
A swift tank from the 6.65 level. Looks to be topping off the rebound at 6.55 area could see a low of 6.35/25 [wikichart align=”center” ticker=”BJGP” showannotations=”true” livequote=”true” startdate=”02-02-2010″ enddate=”02-08-2010″ width=”570″ height=”365″]
I took the wrong side of the fence this morning. Chart looked to breakout but what a beat down shortly after. Whoever took the other side of my trade congrats. Good thing I cut losses quick at -150. My continue it’s dive. [wikichart align=”center” ticker=”dch” showannotations=”true” livequote=”true” startdate=”02-02-2010″ enddate=”02-08-2010″ width=”570″ height=”365″]