giovedì 3 aprile 2014



SPDR S&P 500 (SPY)



yesterday I was expecting a pullback in the spy , it started the session flat and then started selling pressure in the slopping channel as the chart shows above, nearing the end of the session the spy broke the channel to the upside. 

In tomorrow's session  I will be looking if the spy breaks the 189.11 that  would indicate higher highs are coming OR  if the spy gaps up and  start selling breaking the low of today (188) would gives me a signal that probably it will test February low (175+-)

iShares Russell 2000 (IWM)





IWM still lagging and showing relative weakness however if during tomorrows session it breaks the highs of today my next target for the IWM will be 123.89. 


iShares Nasdaq Biotechnology (IBB)




In yesterday's blog we mentioned that the IBB tested the 13 sma and pulled back as a result we concluded that more downside is expected. 

On the hourly chart it looks like it made a descending triangle and we had a break down whipsaw.

 if it breaks the upper trend-line of the triangle it will probably test 251.67.
If it breaks the  lower trend-line of the triangle I'll be jumping on BIS. 
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Tengasco Inc. (TGC): the stock was mentioned in a previous post as we noticed accumulation of the stock , we are still bullish on the stock as it could move much higher. 

Oxford Resource Partners, L.P. (OXF) :  the stock was mentioned in a previous post as we noticed accumulation of the stock , we are still bullish on the stock as it could move much higher.


STOCKS TO KEEP AN EYE ON

PLX 





       

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