Monthly Archives: February 2014

Baidu back up to previous highs!

Baidu (BIDU) broke out off an eight day trading range and moved back up to last year’s highs yesterday. It hit my trigger price around $169 at the bottom of the trading range last Tuesday, but somehow I didn’t get … Continue reading

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DBA rises, ANFI drops

The agriculture ETF continues to defy gravity and it is fast approaching my initial target of $28. The last down day was back in Feb. 6th. In the mean time, Amira Nature Foods (ANFI) fell hard the last couple of … Continue reading

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Rockwood Holdings breaks out

ROC broke out yesterday through $74.55 and it is trading at fresh highs. I see a cup and handle pattern with its lowest price around $66. The possible measured move gives me a target of $83 (74.55 – 66 = … Continue reading

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Baidu back to trading range

Baidu (BIDU) made it back to the December / January trading range after finding support around $150. I expect it to be range bound for a while, but I find it trading and holding above $167 very encouraging. I’ll be … Continue reading

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DBA continues higher

The PowerShares agriculture ETF (DBA) keeps on moving higher with a gap at the open today. It continues to print very large candles and displaying relative strength against the broad market and other sectors. For that reason, I took a … Continue reading

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DryShips stuck in trading range?

It looks like Dry Ships (DRYS) is stuck in a trading range for now as it is unable to trade past $4. Price action appears to be pulling this stock lower towards $3.23. What is interesting now is that, after … Continue reading

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Agriculture ETF keeps rising

The PowerShares agriculture ETF (DBA) printed another strong move yesterday that easily cut through resistance around $26.40. It closed on high volume while the broad market continued to sell. It is important to keep an eye on stocks / sectors … Continue reading

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Molycorp’s On Balance Volume rising again.

Molycorp (MCP) had a very strong move yesterday after touching support around $5.20 in early morning trading. You know it was a strong move when price stays within the first standard deviation and never even touches the VWAP (see 5 … Continue reading

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Agriculture ETF Changes Direction

I am long the Agriculture ETF (DBA) as it has been trading above $25 for the past few days and had a very strong gap up move today. The weekly chart shows the ATR line signaling the change in trend … Continue reading

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Will Molycorp fill the gap?

Very strong price action on Molycorp (MCP) today which negated a potentially bearish head and shoulder formation. It is meeting very strong selling above $5.55, but it would be a very bullish sign if it breaks above this level and … Continue reading

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