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

April 06, 2015

on the radar

Here's a bucket of charts on my radar into Tuesday

Let's start with energy.  TSO doji'd at the rising 50D MA.  Is the refiner trade still alive?


HP has clear sailing for another 10 bucks into the 200D MA.


VDSI formed a very nice reversal day at the 200D MA.


CMCM is testing some major resistance.  My gosh...is that a giant head and shoulders bottom?  Is this the next QUNR(up 50% in a month)?  It might be.  (I took a long Monday AM)


 CCJ is testing two month resistance.  A couple of accumulation days are popping up.  This comes on the radar as the mining space keeps rising up industry group rankings.


There are a ton of ways to draw the downtrend in Tesla, it appears to have broken it's downtrend.


Lumber Liquidators has seen sellers strengthen at the 35 level for the second day now.  Tomorrow's open will tell us plenty.  Short term traders can stay long versus the trendline, bottom of Monday's gap 33.88 OR the friday close level around 33.25


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