Leap Wireless International (LEAP) is a long way from the long term profit level set in early January. This trade hit the sell stop only a few days after the trading signal, but regained enough of its upward momentum to…
DryShips Trading Higher
In late September 2010 we revisited possible trading scenario for DRYS. The stock has traded up 33% since this point and earnings are expected to be released tomorrow. This could create even more volatility for DRYS. Although it has been…
Wonder Auto Technology Reaches Price Target
Wonder Auto Technology – WATG reached a long term price target today. The projected price of 11.37 was set on May 27, 2010. Initially the stop was triggered in this trading set up, possibly because the expected internal wave 1…
EK- Eastman Kodak Back On The Trading Radar
In May of 2010, a long analysis of Eastman Kodak was written inferring that the correction expected for EK could possibly reach lows of 3.70 to 3.35. In August of 2010 EK reached this 3.70 trading level as well as…
SDS Breaks 52 Week Low As Averages Reach Towards New Highs
The other day SDS was trading off recent lows with support. Yet, once, twice, three times- a fourth time tested bottom does not make a bottom. In most cases a bottom can only be tested twice successfully. Today SDS broke…
MPEL Reaches 7.20 Price Target
Today in pre-market trading MPEL reached 7.25. A long talked about price target, 7.20 has been in the mix since one of the original buy signals was placed for MPEL in February of 2010 at $3.70. Trading in MPEL closed…
SDS Tests 52 Week Low
As Barons Decides “Bye-Bye, Bear”, the SDS tests a 52 week low set 1 week ago. The cover of Barrons declares that stocks as a whole will jump 7% by next June 2011, the economy will grow steadily and that…
Melco Crown Entertainment Reaches Price Target In Early Trading
MPEL was trading up over 6.5% at todays open, Vol / Avg. 10.82M/5.95B, and triggered the long term price target of 6.20 mentioned in the watch list earlier this week and outlined initially in May’s buy signal. After reaching this…
MPEL Trading Near Another Price Target
Melco Crown Entertainment traded very close to a long term profit level set earlier this year in May. MPEL traded to 6.10 on October 21, 2010, just 1.6% from the price target, but still up over 90% from the buy…
SDS ETF Raises Questions About Market Direction
Has the SDS lost its way or is the market on a historical stimulative binge? There has been a complete reversal in sentiment in the markets and technical indicators seem to be fooling as well. Yesterday the SDS looked to…
DryShips Inc. Price Motion Could Be Turning Bullish
DryShips Inc. is up 22% in the past two trading days. DRYS has been volatile in the past and traders are looking for more of that to finally continue. 83% off its low in March of 08′ DRYS is still…
Melco Crown Entertainment Trending Higher
MPEL is showing an interesting chart right now. The technical analysis using Elliott Waves has been dead on from the 3.26 low, to the 5.68 high in December 09′ to April 10′ respectively. This calculates an exact wave 3 price…
Short term trading gains will likely be tested in dry shippers
Last week the trading of EXM and DRYS was on the watch list for potential bottoming process in play. EXM has continued to show volatile strength to the upside while DRYS has shown some signs of its volatile downside beginning…
Excel Maritime Carriers took the plunge
With EXM recently on the radar for successful trading signals and DRYS doing nothing to excite a long position, todays trading action in EXM could be exactly what DRYS needs. The chart was exciting to see develop and if it…
Shipping stocks could be positioned for a big swing
While some may be wondering why the market is still headed higher or when a correction will come, why think any harder when looking for the next catalyst. Just pick a sector that hasn’t moved yet, make up some projections…
FHCO May Be Trading To New Highs Or New Lows
The Female Health Company just hit a short term trading level we set last September 2009. When we first entered the trade our sell stop level was triggered quickly in a few days before FHCO made a sharp move lower,…
MetroPCS Communications Making An Orderly Correction
PCS has been on our trading radar, and so far the calculations have been looking great. The usual bad news has been insignificant to our projection and as usual, just prior to latest move higher, there were reports speculating the…
EK-Eastman Kodak Company Could Correct Further After Recent Move Higher
We looked at EK a while back for a turn higher. After slow sideways trading EK’s last move higher created quite a pop and caused some news flow. The latest move started from 3.26 and reached close to the previous…
Excel Maritime Carriers Ltd. shows possible trading opportunity
This morning EXM traded to a targeted trading level. On a long term chart EXM has traded from 3.00 to 11.70. A 62% Fibonacci retracement of this move would be 6.30. EXM has traded to 6.23 so far today. The…
MetroPCS Communications trading towards 52 week low
Last week MetroPCS seemed to be trading sideways in a B wave triangle, it’s obviously not trading sideways any longer. When will the turn come? We targeted the 5.96 level as support. Today’s trading supported that level so far and…
Leap Wireless Merger Talks Just Old News
As a technical trader it humors me to read between the lines at times, those lines being candlesticks, and entertain the idea that somehow for the average trader news can come before price motion. While I’m sure that sometimes it…
MetroPCS Falling Again But Is It Trading Like A Looser?
Where Is MetroPCS Trading? MetroPCS along with many other telecoms has made great moves the past two months. PCS in particular has been in a corrective wave as of late and it’s worth taking a look at to find out…
ZSL – Is It Ready To Trade Higher Again As It Approaches Its 52 Week Low Support Level?
We tried jumping into ZSL this past September as gold and silver seemed to be getting ahead of themselves. Gold and Silver both continued higher and our stops kicked in. ZSL drifted lower to 3.66 on December 2, 2009. Since…
Leap Wireless Shares Trading Within The Technicals
LEAP has been trading nicely within a Elliott Wave pattern. The potential trade setup to watch is the completion of a wave 3 off the 11.98 trading low. This profit level would be about 21.25. There is a trading signal…
CSE-Capital Source Inc. could follow financials higher
Loooking at Capital Source Inc. it appears that an ABC correction from its .90 cent low has completed after trading to 2.99 on November 2, 2009. The correction from 3.55 to 5.08 could have been a small irregular correction of…