"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

September 15, 2014

QuickCap 9/15

It was a tough day for momentum stocks.  The QQQ's are 1 point away from a key support confluence, it doesn't seem like anything stands in the way.


Celgene traded lower, but found support near the 50D.


Tesla found a steady bid at trend support/50D MA.  


Nike bounced at the 10D MA and refused to break down.  This is the key retail cog.  The market needs this to stay over 80.


Facebook dropped like the other momo's, but there is a lot of support nearby. 


Spec players might be interested in this WPCS. It's sitting at a confluence of moving averages closing at 1.34.  This stock is the only thing that comes up on Finviz when you search for Bitcoin.  Maybe they keep ramping it.


Energy has a good shot to reverse it's recent losses...at least in the near term.

Alternative energy's long term momentum has lost it's steam at the 2011 high.  This group is starting to appear vulnerable on an intermediate term basis.


Catch you on the tweeter tomorrow

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All ideas shown on this blog represent the authors opinion based on the data available.