Currently the market is not trading in any particular direction. The outlook seems bullish thanks to the inverted head and shoulders we have on all the daily charts, but the pattern is confirmation appears only if the markets break above the neckline.
18. August 2010
Stock Market Update
The NASDAQ, the Dow Jones and the S&P500 all remain in an inverted head and shoulders that points to a rally soon.
However all the Indexes are currently struggling against major resistances so we need some more buying pressure to confirm the analysis.
18. August 2010
5 Stocks ready to beat the market
Here are 5 stocks with good upside potential and increased momentum: STD, CROX, EBAY, GOOG, KBH.
17. August 2010
3 Hot Stocks to watch Tomorrow
Cardica (CRDC) , which makes surgical tools for coronary bypass operations, jumped 42% in after hours trading, after the company said it sold a worldwide exclusive license to its intellectual property to ISRG.
17. August 2010
Nighthawk Radiology is Reversing
NHWK is the industry leader in the nascent teleradiology business.
The stock went from $26 in 2007 to as low as $2.01 in 2009, but finally the stock is trying to revert this negative trend.
17. August 2010
USD/CAD can break to the upside soon
USD/CAD appears to be forming an outstanding weekly pattern that can take it into an epic rally soon.
Currently the USD/CAD is trading near an important daily resistance so it’s necessary to wait for the proper breakout, but the weekly chart is showing an amazing potential right now.
17. August 2010
FSLR can start a strong uptrend
First Solar (FSLR) manufactures solar panels and constructs turnkey solar systems, and is the world’s largest solar company.
With an outstanding balance sheet (the best in the solar industry), FSLR might reappear as one of the leaders in the next bull market.
19. August 2010
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