Tuesday, May 5, 2009

Verenium Corp.

My Favorite Pattern......gap up after a long base after a big sell-off. The buyers are back in VRNM, looks to be a fast double. Use the middle of todays candle(about .40 cents) as your stop and sell 1/2 at $1.05 ish.

SRZ targets

SRZ 's chart is a beauty. Just starting to breakout of a long base. The white lines above are weekly pivots and the green lines are the monthly pivots. Look for resistance at the pivots and buy pullbacks! Hang-on, this is going higher. Use a close below $2.00, as your stop.

Gold trend

Look how gold has used the 20 month(yellow line) moving average as support, for the past several years. The only time it dipped below the 20 month moving average was last fall, when the financial markets blow up. It now is back above the 20 month, after making a double top at $1,000. Use a close below $860 (the 20 month) as your stop, if your long.

Monday, May 4, 2009

TAN solar Etf


TAN is a solar ETF of differant solar manufacturers(First solar, SunPowers, etc.) and like many stocks is breaking out of a base. First target is the white line above at $12.00.

UYM Building Materials ETF

UYM is an ETF of Building material stocks(Alcoa, Dow Chemical, etc) and is now breaking out of it base. Use a stop on a close below $17.oo