Fossil, Inc. (FOSL) Breakout!

One of the number of stocks breaking higher today is FOSL.  The stock has pretty much gone parabolical over the past 12 months but afer a little consolidation phase over the past month or so the stock so far today has put in a nice breakout trade.  I dipped my toe on the water on […]

Pharma Stocks (DRG) Break Higher Today

Please see my blog entry from Monday April 18 here Today the AMEX Pharmaceutical Index (DRG) is breaking out and higher above the $320 discussed on Monday.  Individual names like Pfizer (PFE) are acting well of course. This all goes in my theme of non-cyclicals/defensive stocks starting to outperform the broader tape, as discussed here:

Molycorp (MCP) Ready To Move Higher

Looking at the chart below you can see the nice consolidation pattern triangle that MCP has formed since early January.  Yesterday the rare earth stocks had a huge run and MCP rallied around 17% on the day and right through the 50 day moving average and out of the consolidation pattern.  I am happy to […]

Gold (GLD) Breakout

The GLD broke above $141 this morning, triggering a buy signal on our end.  On the weekly chart below note the steady upward movement over the past few months (and obviously years as well) with nice consolidation periods here and there.   On the daily chart note the consolidation pattern that started early March and […]