Everyday I’m looking at press releases and the financials of companies looking for potentially good stocks. Most everyday, I find nothing. Here are a few of today’s notes and notable news stories and the kinds of things I look at on a daily basis. Most days are lipstick on a pig news coming from the […]
Biotech stock Idera Pharmaceuticals (IDRA) announced that it plans to release an update on clinical data from the ongoing Phase 2 trial of the combination of tilsotolimod and ipilimumab for the treatment of melanoma prior to the opening of markets on Friday, December 14, 2018. I’m thinking why would IDRA release a PR about the […]
After yesterday’s Spinning Top candlestick with long lower shadow, the hope was that today would be a significant bounce day. It sort of was at market open but everyone sold into the move up and markets ended the day pretty much flat. Here is how we are going to trade this market. We are looking […]
Below are notable press releases for December 11, 2018. Blink Charging (BLNK) Blink Charging announced today that the city of Peoria, Arizona has renewed its long term, exclusive charging service contract effective immediately through 2023. This renewal allows the city of Peoria to continue offering EV drivers with access to 2 Blink Level 2 EV […]
DENVER, Dec. 11, 2018 (GLOBE NEWSWIRE) — Risen Energy (China – Shenzhen: 300118) reported on November 19, 2018 it has been listed by Exawatt Power Rankings as a top three solar PV module manufacturer for the second quarter of 2018. This achievement reflects Risen Energy’s outstanding success in developing industry-leading PV module technology and delivering […]
The S&P 500 formed a Spinning Top candlestick on Monday, December 10, 2018. The bearish sell signal on the MACD warrants caution but price action trumps all other indicators. The Spinning Top candle on December 10, 2018, occurred at a major support level which is bullish. I would prefer to wait for a break above […]
Overnight futures are down as we approach market open on December 10, 2018. It’s a good idea to track overnight futures on Sunday night in order to get a feel for how soft trading will be at market open. If overnight futures are down as they are now, it’s usually not a good idea to […]
Biotech stocks are not doing well in this risk-off market. I would not recommend trying to swing trade biotechnology stocks because so much money is being pulled out of them as evidenced by IBB. However, Global Blood Therapuetics (GBT) was a big win for us last week as the stock popped 48% following news that […]
The mainstream media in the U.S. is using fake news to describe what is happening in France with the Yellow Vests protests. What is happening in France is a straight-up rejection by the people of Globalism and the One World Order. Globalism versus Nationalism has reached around the world as people reject the One World […]
We finally have a capitulation or flush candlestick today on the major indices. Flushes often mean that a short-term bottom is in. With the Burial Cross likely to happen tomorrow on the daily chart, I would rather error on the side of staying in cash, especially with the 1-hour chart showing the 13 hour MA […]
