Monday, June 27, 2011

PRIM follow up, Posted this morning and broke out nicely on Vol - http://bit.ly/mtO6dh
Speaking of Oil stocks, RIG one to keep an eye on, 5 wave pattern - http://bit.ly/mP47qi
Some Positive Divergence forming on BPENER - http://bit.ly/lH9HUn
Watch the oil sector and see how it acts near the 200 day MA - http://bit.ly/kEjGye
A big cap stock to keep an eye on - http://bit.ly/ma8cje

Goldman Sachs - potential wave count

GS chart


Goldman Sachs sure has been taken to the woodshed since Jan falling from 175 to 130.  Here's a potential wave count; a wave 5 downtrend began in Jan and expanded into another 5 wave extension, however now there is some positive divergence beginning to form, therefore it's possible that this final leg is a major wave 5.  Once the market puts in a bottom, this could be a nice swing trade

Clean resistance at 13, as well as a large offer on L2 - http://bit.ly/l3GgtD

Sunday, June 26, 2011

And here's the comprehensive commodity weekend newsletter - http://bit.ly/m7Rv9d
Here's a comprehensive look at the World Foreign Markets - http://bit.ly/lH3o5q
This wave count on the SPX suggests another leg lower in wave 5 - http://bit.ly/k19c2V
Nice Clean Look at the S&P 500, Trendline Support - http://bit.ly/jUJ3h8

Thursday, June 23, 2011

Quick Trade only - http://bit.ly/iYo88I
RJET Long Trade over downtrend line - http://bit.ly/jFY0EK
LRCX Long Trade over downtrend line - http://bit.ly/k4lHfI