Thanks for the info. There's scope for some further upside.
Best to short these formations nearer to the upper trendline
which for CX is currently ~11.70. A rise tomorrow on low volume
would probably present a good shorting opportunity.
Good luck.
CX appears to be completing the c-wave of an a-b-c move from the
June low. So far unable to rally to the May high although it's
managed to retrace > .618.
The triangle may break either way. If the market turns down in
the next week this stock should follow.
Went down to gap support on heavy vol in June. So far has
retraced .78 move off the top. If bearish formation, c-wave down
could fill the gap.
Earnings report 8/1/2013
Good observation & thanks for posting.
On the question of timing, the downward moves towards the
monthly MA20 have tended to occur between Jun-Oct. Beneficial to
look at the indicators on the weekly chart for signs of a
reversal.
The most bullish view right now would be for an 8 day rally
to ~1.46 as long as volume continues to pick up. Could go as high a
$2 in a general Solar sector rally into August/Sept.
This news item has put some wind behind solar stocks today.
TAN up +5%
China-vows-to-boost-solar-capacity
Very bullish chart. ISIS likely to be in a 3rd wave uptrend.
Overbought RSI has signaled pullbacks only. There was a recent
write up on it in motley fool which may explain the buying interest
in the stock in recent months.
this-week-in-biotech
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SPWR Sunpower Earnings
Posted by rixx on 30th of Jul 2013 at 11:48 am
Positive earnings & revenue outlook may cause a pop in solar stocks as shorts cover.
--
31-Jul-2013 After Close
FSLR Short
Posted by rixx on 26th of Jul 2013 at 11:32 am
May be a good short scalp at trendline resistance as two attempts to break above have been thwarted.
See if we get some
Posted by rixx on 26th of Jul 2013 at 10:23 am
See if we get some profit taking ahead of a big week.
Weds - US Q2 GDP
Weds - FOMC meeting
Fri - July Employment
RE: CX earnings tomorrow
CX Cemex Short
Posted by rixx on 24th of Jul 2013 at 04:44 pm
Thanks for the info. There's scope for some further upside.
Best to short these formations nearer to the upper trendline which for CX is currently ~11.70. A rise tomorrow on low volume would probably present a good shorting opportunity.
Good luck.
CX Cemex Short
Posted by rixx on 24th of Jul 2013 at 11:13 am
CX appears to be completing the c-wave of an a-b-c move from the June low. So far unable to rally to the May high although it's managed to retrace > .618.
Bond Yields
Posted by rixx on 24th of Jul 2013 at 09:12 am
TNX up 2.7% yesterday. A rally here may impact stocks.
HYGS
Posted by rixx on 23rd of Jul 2013 at 02:19 pm
The triangle may break either way. If the market turns down in the next week this stock should follow.
Went down to gap support on heavy vol in June. So far has retraced .78 move off the top. If bearish formation, c-wave down could fill the gap.
Earnings report 8/1/2013
S&P500 monthly MA20
S&P
Posted by rixx on 23rd of Jul 2013 at 11:21 am
Good observation & thanks for posting.
On the question of timing, the downward moves towards the monthly MA20 have tended to occur between Jun-Oct. Beneficial to look at the indicators on the weekly chart for signs of a reversal.
AUMN Gold Stock
Posted by rixx on 23rd of Jul 2013 at 10:02 am
AUMN is wedging and it could break either way.
A break of resistance could see an explosive upside move due to heavy short interest.
Solar
Posted by rixx on 22nd of Jul 2013 at 09:56 am
RSOL & STP appear to be trying to break out of their corrective moves from their July 16 morning tops. See 10min chart.
Thanks for the mention. The most
STP Suntech
Posted by rixx on 15th of Jul 2013 at 10:42 am
Thanks for the mention.
The most bullish view right now would be for an 8 day rally to ~1.46 as long as volume continues to pick up. Could go as high a $2 in a general Solar sector rally into August/Sept.
This news item has put some wind behind solar stocks today. TAN up +5%
China-vows-to-boost-solar-capacity
Short Interest in solar energy stocks
Posted by rixx on 12th of Jul 2013 at 11:00 am
This article reports some ridiculously large short positions in solar stocks.
Short Interest Moves in Solar
STP Suntech
Posted by rixx on 12th of Jul 2013 at 09:42 am
Could be breaking out of triangle today.
Just hit 1.12. Vol needs to pickup to panic shorts.
Solar Stocks
Posted by rixx on 5th of Jul 2013 at 10:11 am
tickerspy.com has a list (delayed quote) to view the action in solar stocks here
JKS and SOL are lifting off.
Small Caps
Posted by rixx on 5th of Jul 2013 at 08:38 am
R2000 futures 4 pts short of May high. See if Solar & Biotech stocks get going today.
We've completed 8 trading days
SPX DAILY
Posted by rixx on 3rd of Jul 2013 at 01:41 pm
We've completed 8 trading days from last Monday's low. On Friday we could get a resolution with the release of the employment report.
ISIS Pharma Stock
Posted by rixx on 2nd of Jul 2013 at 06:55 pm
Very bullish chart. ISIS likely to be in a 3rd wave uptrend. Overbought RSI has signaled pullbacks only. There was a recent write up on it in motley fool which may explain the buying interest in the stock in recent months.
this-week-in-biotech
Small caps
Posted by rixx on 2nd of Jul 2013 at 10:59 am
They're pretty strong. R2000 within striking distance of it's May high.
NIKKEI
Posted by rixx on 2nd of Jul 2013 at 10:13 am
Overnight the NIKKEI closed up 1.78%.
At a minimum it's retracing the decline off May's top. Currently at 50% with scope to move higher.
STP Suntech Power
Posted by rixx on 1st of Jul 2013 at 03:14 pm
Another beaten down solar energy stock - see weekly chart.
Bullish outlook however triangle could break either way.