mercoledì 2 aprile 2014

SPDR S&P 500 (SPY)

Spy managed to make new highs today as expected , however I'll be watching tomorrow's  price action very closely as today's break out could be a whipsaw which could lead to a sell off to fill the gap at 185.47.

iShares Nasdaq Biotechnology (IBB)

the bio-techs index still in a correction mode as today it tested the 13 SMA and sold off , I'm expecting that the IBB index will slide to the 210 area.

SGOCO Group, Ltd. (SGOC) : the stock was mentioned two days ago as our indicators were noticing  accumulation , today in had nice rally. UP (15.70%)

Oxford Resource Partners, L.P. (OXF): I'm currently bullish on coal miner as they couild provide  opportunities in these levels . UP (4.58%)

Direxion Daily Small Cap Bear 3X Shares (TZA)

  : after trimming my position at 16.50 , I decided to add today at 14.89 as a hedge . 


Stocks to Watch for April 03, 2014

Sandstorm Gold Ltd. (SAND)

the price broke the 200 sma and manged to test it , moreover our indicators are showing accumulation of the stock. 



Thoughts on apple :

the price is respecting the 13 SMA as it is forming ascending triangle , we believe the price is ready to break to the upside .

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