The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)
The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.
Aceto Corp Stock Chart
Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.
CVR Partners Stock Chart
Comments: Broke above 50-day (Read More….)
A massive divergence has formed on the chart of Ryerson Holding Corporation. We have three months of a down trending stock while the Twiggs Money Flow has been uptrending.
We also have recent insider buying.
This stock is looking good as we wait for a pop. Resistance is at the 50 day moving average (Read More….)