April 23rd 2009
Today in the Stock Market
| Dear Fellow Trader, Tuesday’s rally may have negated the bearish pattern shown here in the charts over the past few days, but we’ll know more in the next day or 2. The financials lead the way after Geithner mentioned that most banks have enough capital…Meanwhile let’s look at our microcap stocks. CHID is coming back into a better zone, but we still need to wait for a good entry point.
PGYC is still in it’s uptrend, while i would have prefered another move up but that’s ok.
LVLV is having more volume and yesterday it had a PR announcing a new financing, we’ll see what will happen next, but here is the time to get a small position if not already done.
ECET is one to watch as 3.2M in volume doesn’t appear without a reason !!!
Just to make sure you still keep an eye on this one.
GNBT is also not doing much, but in time it should move.
CTIC is another one.
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| Featured HOT Stock NOW onto the larger cap, PKG is one that could continue it’s surprise move of yesterday. Think about the pain the bear of monday had to endure yesterday at the open. and this kinf of push could continue up to $17.25 area (200MA in red).
DRYS is another one that can continue up and take over the high of monday.
This one is at it’s 200MA and it could halt it’s move, but with strong volume it could keep pushing up with the rest of the sector, but you need to find an intraday entry point.
COST broke this descending wedge and could be up for a few here.
CRM is another one to watch closely.
Have a great Trading Day ! |
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