antwan611

antwan611

The divergence between USO n IWM has begun to turn. IWM has been moving up on declining volume, likely short squeeze. All indicators look to be rolling over and IWM has finally closed under trend since its most recent bottom.

antwan611

Index is wildly overvalued at 55x.. while market is making back to back new highs, IWM has been lagging along w/ the qqq, both leading indicators. Oil has been yelling slowdown, IWM has been ignoring but I believe will now be listening as the huge divergence between the two indexes should converge with IWM making up most the ground. IWM has been moving up on...

antwan611

With the fed now out the picture, there is only one way to get them back in, that's the market throwing a tantrum. The IWM is still down on the year and has rallied back very violently from its most recent low, right into a strong resistance, it hit it and fell back. Near term support is 108.50-109 area then no one home til a test of the recent lows of 104. The...

antwan611

ETFC has made a very strong topping pattern over the last yr. Lower high w/ strong 18.50-19 base. That base was violated this wk when the stock finished dropping 27% to 18.4 since the most recent highs a month ago of 24.5. It has since rebounded 13% to 20.55 then closing very weak to 20.13 on a very strong tape. ETFC trades w/ the IWN although not in that index,...

antwan611

Trading volumes are corresponding w/ the volatility. But as a business, the last of the retail guys still in are having that familiar feeling of "not this again". GS earnings tell you all you need to know, the market is looking to sell financials and brokerages. Technically speaking, 20.5-21 is a very strong resistance zone being that this stock has already...

antwan611

This stock looks to have a natural gravitational pull to create a head n shoulders pattern. 71.5-73.3 has bounced last 2 days, if that breaks, which I believe it will, then this chart that resembles that of DDD will be logical enough to cover shorts at that 64 right shoulder level. I do believe it'll then bounce to that 71.5-73.3 before ultimately failing and...

antwan611

This stock has consolidated at its highs and has since lost momentum but mustered enough strength to hold such lofty levels. The trendlines show today to be make or break. I suspect we finally break under and w/ the small available float, remember 41% is held short, selling will snowball and this stock may not catch itself until the shorts cover at much lower...