The sp500 today took some more measureable ‘hits’ than we are used to seeing. There may be a case to be made however that the lows are in once again and that today’s decline was yet another case of ‘bear bait’. The NYSE summation index ticked down today but is not anywhere near a solid … Read more
The stock market indices including the Nasdaq Composite, sp500 and Dow Jones Industrial Average may all be at ideal junctures for the initiation of an approximate five to ten percent correction. Here at BestOnlineTrades I did a previous forward looking type posting that speculated on the initiation of a correction in the Nasdaq Composite. I … Read more
I am going to start watching EEE Evergreen Energy Inc next week and thereafter to see if it ‘has the right stuff’ for a follow on bullish move left in it. The stock recently has a huge move up on a supposed new business initiative of “K Fuel” and a possible joint venture project with … Read more
Both NPTN and JDSU look like good momentum trade candidates. NPTN is an recent IPO that seems to be building an ascending triangle. NeoPhotonics Corporation is a designer and manufacturer of photonic integrated circuit (PIC)-based modules and subsystems for bandwidth-intensive, high-speed communications networks. JDS Uniphase Corporation (JDSU) is a provider of communications test and measurement … Read more
The UUP Us Dollar Index ETF is down about a half a percent today and is once again breaking down from a rising bearish flag that was under construction over the last several weeks. I have been watching both the UUP ETF and the US dollar index occasionally to see if there are any signs … Read more
A huge huge development occurred yesterday in the SLV ETF and the silver futures market. The SLV blasted higher to a new 52 week high on a big surge in volume. This now appears to be a clear signal that the SLV ETF is going into parabolic mode and could imply a move to 50 … Read more
The relative strength index of the McClellan summation index is into the powerzone again. This is not a surprise given the seeming unstoppable market up trend force we have been witnessing. Looking at the McClellan summation index chart history one can see that when the RSI of the summation index moves into the RSI power … Read more
The very long term semi log bar chart of Apple Inc seems to be suggesting that it could top out near 400 and change. Today Apple Inc closed at 363.13 and so it seems not too far away from this round number target. Apple Inc has clearly been a monster of a stock and maybe … Read more
There is always a bullish and bearish take on any stock or index at any particular time. The recent price action in the GLD ETF appears to have a bullish tone to it. But when we look at the larger structure there emerges a potentially different scenario. This potential bearish scenario is currently unconfirmed and … Read more
The XLF Financial Select Sector SPDR (ETF) weekly candlestick price chart shows no major bearish candlestick pattern, however the volume picture does not inspire very much confidence. The XLF is only just now revisiting its April 2010 high level after most other indices have exceeded it by an already large margin. The advancing volume on … Read more