November 9th Recap and ChartFest

Note: I have an appointment in the morning so there won’t be watchlist for Monday. Obviously last week was bad for the bulls. There was a lot of technical damage done on higher than average volume. The usual index charts are below along with a bunch of individual stock charts. Sorry that i couldn’t get [...]

Stick a Fork in GEOI and ABLE

The other day I mentioned how bullish both GEOI and ABLE looked. Well things change quickly. Both of them appear to be topping, at least for the short term. GEOI made a bearish engulfing pattern yesterday and also gave a stochastic sell signal:

Chart Request: GeoResources, Inc. (GEOI) and Able Energy (ABLE)

This is a first — I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just broke its [...]