scorpiris

scorpiris

YARA is in a horizontal trend channel if you look a year + back. It is supported by the long averages. On the latter, the short averages are declining. The price has been between 393 and 500. In Friday's we had a marginal break down of 2.15% with slightly increased volume. Today, the stock is testing the floor of the trend. The stock is oversold in the short...

scorpiris

S&P 500 continued from Aug. 20. MA and oscillators stand on buy from one day to one month. RSI 21 around 50 and rising. On volume balance neutral OVB. There are some supports around 3908 and some resistance around 4310. The index has broken up from a falling trend, but gone back and tested the trend line and then gone up in the last 3 days. Within a...

scorpiris Updated 

It's a continuation of what I wrote on August 1, see below. Index is now in a REC – an expanding triangle. The index has support around 4180 and resistance around 4310. Breaking up or down with respect to REC or pivot lines will provide direction at least in the short term.

scorpiris Updated 

This is a historical chart of the S&P 500 which runs from mid-August 2005 to mid-August 2009. In 2007, problems with Subprime Mortgage begin and in 2008 we have Credit Crisis / Financial Institution Failures. The index was in a rising trend, but from the beginning of 2007 volume begins to be smaller at index peak than at index bottom. That may indicate an end to...

scorpiris

Embracer Group AB engages in publishing and developing video games for the global marke. The company has a broad portfolio. Fundamental analysts have predominantly a positive view of the stock. The stock is in a slightly fading trend supported by volume patterns, but after a brief break through the attic, MA may indicate a more flat development. On volume...

scorpiris

Measured by value, Novo Nordisk is Northern Europe's largest business and headquartered in Bagsværd, Denmark. It's a defensive stock that's done well. It is considered a bit of a weakness that they have the majority of their income on few products, but on the other hand they are good at what they are doing. There are some medicine companies that have spread too...

scorpiris Updated 

Is the working hypothesis now that we have passed the bottom of the stock market? It's a thought I've had the last 2-3 weeks that probably others have as well. For me, it's based on technical findings. The equity market is up to six months ahead of the real economy. That's the sum of a collective market understanding. If correct, the market also expects the...

scorpiris

VIX is an option against a fall in the S&P 500 with a 30-day expiry period. VIX and S&P 500 will thus normally be inverse in that they move in the opposite direction. There's a few times where it's not quite like that. Based on historical data, this suggests that in these cases we can predict whether we have a bottom in the market, respectively top. At least...

scorpiris

Is Novartis a good candidate for swing trading? It has been in an almost horizontal trend for 5 years. But it is also possible that it may break up based on fundamental conditions (1). Good product portfolio and pipeline and many blockbuster. They pay about half of the profits out to the shareholder. I don't have the stock, but will consider try get into, in...

scorpiris

Apple has been in a brief declining trend from late March to late June. Here comes a break up at price 138. The stock passed SMA50, SMA100, SMA200 and pivot line at 150. Breaks are supported by large volume at price top. On Volume Balance OVB is ascending in the last 22 days. The total volume on days with an increase is greater than on days of decline. Note now we...