Open Table (OPEN) Is At An Important Price Level
OpenTable (OPEN) is up roughly 200% in the past 12 months and over the past few weeks has put in a more concerning topping pattern thus far. In December resistance at $83 was broken and now looks to be acting as support. Valuation-wise one could well argue current levels are frothy. Additionally, should prices slide […]
Oil (USO) Broke Higher And Gas Further Room To The Upside
As posted here yesterday, the USO ETF was on the verge of a break higher out of an upward channel. While the acceleration of the price of oil from here is very much in the hands of current geopolitical events playing out, I will take some profits should we hit $42 on the USO and […]
Important NVIDIA (NVDA) Dropping Below Key Suport
I have noted NVDA many times the past couple of months and today it has dropped below an important resistance area at $22. This also corresponds to the 50 dma. How this stock closes today will be important to watch.