general visitor

The NUGT ETF is a wild leveraged ETF that can present some outstanding trading opportunities for the careful and precise trader.  Careful is the word to emphasize here as this is a triple long ETF.  Swings of 10 to 50 percent are not that uncommon at all. It is also a good ETF to keep … Read more

Believe it or not but LEAP is a Nasdaq 100 index stock.  It would not seem so from the low price.  Perhaps it is due to be kicked out of the NDX 100 index eventually. Nevertheless LEAP has recently shown a short term bullish gartley pattern with 5.03 to 5.10 as the ideal.  The stock … Read more

I mentioned briefly in my previous post on the FXE ETF Euro that we have not really seen bottoming patterns show themselves in the major USA indices.  However I did just notice that the SMH semiconductor ETF (symbol SMH) is showing a bullish completed crab pattern.  It shows that the SMH is in a potential … Read more

There is a strong probability that the EURO (FXE ETF) bottomed last Friday May 25, 2012.  Best Online Trades has identified a key piece of evidence that shows the Euro probably bottomed last Friday based on a quite large Gartley buy pattern.  This looks like an extraordinary potential trade setup. In addition to the large … Read more

The sp500 and the SPY ETF have really been struggling to gain positive ground that would help bolster the case of a renewed short term uptrend. Basically the SPY has been doing almost nothing as of the recent several trading days.  The large reversal hammer that was created 2 days ago so far has not … Read more

It looks like Crude Oil Futures may be pretty close to low (probably as of today) at the current juncture and could be setting up for a snap back reaction topside rally to end the last week of May.  Energy stocks have gotten clobbered recently on the recent down swoon in prices.  In fact from … Read more

Yesterday’s reversal hammer candlestick on the sp500 had a high price of 1320.71.  Today’s close was 1320.68. So technically speaking the reversal hammer candlestick of yesterday was not confirmed today.  However I will say that after hours the SPY ETF is already higher so it may be safe to presume that the reversal hammer candlestick … Read more

I did a cup and handle scan on several thousand stocks today and a biotech stock came up in in the scan and then at the same time I happened to remember a previous biotech I was following occasionally last year and amazingly it showed a structure that looks just as good as the one … Read more

and the Stock Market took the one less travelled by… Let’s forget about Greece, Facebook and the other hype going on in the newswires.  Its time to look at the facts of what the market has accomplished so far on the downside.  The reality is whether you are a bear or a bull on this … Read more