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Reversals

BBRY pops from its cup and handle

BBRY popped from its cup and handle yesterday – but did so by gapping, thereby not triggering the trade.  FB is teasing its highs before earnings next week, and there are a number of stocks at se…

Inconsistent Earnings Season

It’s an inconsistent earnings season so far.  The indices are hovering near their highs, but the safest place is on the sidelines right now.  That said, there are a few nice looking charts t…

Earnings Season Can Inflict Pain

Drama yesterday with BBY even though it didn’t even report earnings.  Disappointing holiday season sales caused a nasty downgap after the previous day’s upward reversal from Wednesday’s doji. &nb…

The Markets are Never Wrong!

Hi Everyone BAC and the banking stocks behaved as I suggested they would yesterday.  Take a look at today’s video below to see more.  Also there were a couple of Doji bars that rev…

JPM Sets Financials on Bullish Course – [VIDEO]

Hi EveryoneJPM announced earnings yesterday, BAC is today, and the other large financials are reporting this week.  We’re well and truly into earnings season, and here’s my OVI Market Review…

Today’s OVI Market Video 2014.01.14

Here’s my OVI Market Review Video for today.  On Saturday I said the markets were ‘underwhelming’ ahead of the main part of earnings season.  Yesterday they held true to that state…

TSLA and the Trading Mentality

Yesterday I wrote about TSLA having a potentially bearish setup below $158.51.  It had all the components I would look for – a head and shoulders, a clear neckline, a wobbly OVI.  It duly br…

Goodbye Blackberry and OVI Market Update

ByeBye BlackberryFrom a peak of $148.13 in 2008 it’s been downhill all the way for BBRY (formerly RIMM) as a publicly quoted stock.  Personally, many of us will be sorry to see it go as it gave u…

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