Chesapeake Energy (CHK) Attractive Above $34.60
See the narrowing trading range and how nicely the stock held above the 50 dma. Fundamentally as a growth story and alternative energy play I like the name as well. Arguably the stock has gone quite parabolical lately but the consolidation phase since late Feb ruary is helping digest the move from $20 to $35 […]
Silver Leaving Behind An Ugly Bar And Volume
Just a quick reiteration of my earlier post on silver. Now on the close we are left with a pretty ugly looking candlestick bar on big volume. I'm definitely not saying it's a top here, but it is worth noting and I remain short overnight.
Semiconductors Slipping Lower Again?
I talked about it much lately and it's a big topic in the steadytrader.com chat-room and newsletters. Today AMAT and CY are slipping yet INTC is holding up well. Be that as it may, the SMH is down 0.90%, which isn't much, but so far the 61.8% retracement levbel near $35.10 has held as resistance. […]
Outside Day In Silver
There is an outside day in silver in progress today and I am short the SLV as of late morning. A target at $38 is feasible in the very near term, stop is at today's high of $40.33
S&P 500 Inverted Head & Shoulders Pattern
I think it's worth pointing out the inverted head & shoulders pattern (bullish) that developed in the S&P500 over the past 1.5 months. With a neckline around 1340, if this pattern plays out texbook it would mean the SPX could rally all the way to around $1430ish. Just a thought for now though, I am […]
Expedia (EXPE) Currently At An Interesting Juncture
EXPE caught my attention this morning as its option volatility spiked almost 20%. The stock itself so far today is down 2.40%, which comes after a 13% gain last Friday on news that the company will split its TripAdvisor company into a different publicly traded firm. Because there is corporate finance involved here on the […]
Today’s Pre-Market Video is uploaded, watch here:
http://steadytrader.wpengine.com/video-2/april-2011-2/
Early Monday Apr 11: Weekly Newsletter, Video & more
Good morning folks Hope everyone had a great weekend and is ready for the beginning of earnings season. In overnight action so far equity futures are up around 1/3 of a percent, silver up, gold and most of all oil are down. I sent out the weekly newsletter late last night. Sign up here if […]