Yesterday's price action brought many sectors above their Chaikin Trend-line. The sectors which do the best in a rising rate, choppy market environment are ranked highest. Remember, Chaikin Anaytics' Power Gauge is mostly fundamental in nature, and often predictive of where things are headed. We'll trade this bounce, but our time frame is weeks not months, and with definitive price targets. We have many trend trades working -- check out our portfolio report card here
Very Bullish FSLR is one such stock. A breakout from the current technical patters (a flag or pennant) could be indicative of a 20 point move+. Not a trade for the faint of heart, as price appears overextended. But these are the type of stocks that can go parabolic.
Very Bullish FSLR is one such stock. A breakout from the current technical patters (a flag or pennant) could be indicative of a 20 point move+. Not a trade for the faint of heart, as price appears overextended. But these are the type of stocks that can go parabolic.
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