We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the SPDR S&P 500 (SPY).
I hope you are having a GREAT week !
The all time high for the SPY is 157.52.The current rally high was made on 02/19/13 and was 153.27. Continue reading "Chart to Watch - SPY"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Valeant Pharmaceuticals International, Inc. (VRX).
I hope you are having a GREAT week !
VRX is on a monthly green MarketClub Trade Triangle and has been an extremely strong stock which suggests there is a good chance this stock will continue higher in the long run.
No matter how strong a stock is there will always be counter trend corrections along the way to higher prices and VRX has started a counter trend correction as shown by the weekly red MarketClub Trade Triangle. Continue reading "Chart to Watch - VRX"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of BioFuel Energy Corp. (BIOF).
As always I hope you are having a GREAT week !
This week let's take a look at BIOF, a lower priced stock, that looks to have great upside potential.
BIOF made an explosive rally off the last lows, and has since traded lower and consolidated. Continue reading "Chart to Watch - BIOF"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Spectrum Pharmaceuticals, Inc. (SPPI).
As always I hope you are having a GREAT week !
This week let's take a look the MarketClub chart of SPPI.
SPPI made a new price low on a bullish MACD divergence, which is the way trading lows often happen. Continue reading "Chart to Watch - SPPI"
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Skyworks Solutions Inc. (SWKS).
This week let's take a look at SWKS which is an absolutely beautiful chart,as the price and volume action is all classic.
SWKS made a double bottom and then traded sideways since the middle of December in a Triangle chart pattern.
Today's action looks to be a break away gap.
Break away gap's are one of the most powerful signs there is, that a stock has made a bottom and will head sharply higher. Continue reading "Chart to Watch - SWKS"
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