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Qualcomm Breakout?

Qualcomm Breakout?

QCOM(+1.6%) piercing a key overhead trend line as the week comes to an end.  Will close above the 50 day moving average for the first time since Oct. 9th.  Divergent MACD low in place.  Working off heavy supply near the March/April/November/December lows($53.50). ...
Has Encana Bottomed?

Has Encana Bottomed?

Been a brutal road down for the Canadian energy company Encana (ECA) dropping from almost $15 all way down to almost $5 as the market HATED its acquisition of Newfield Energy, paid for mostly with stock. But lately the stock has been on the mend and is trying hard to...
Small Problems

Small Problems

Change of character.  The IJS’s 200 day moving average was very supportive last spring.  After a 27% rally off the Christmas week lows the IJS(iShares S&P Small Cap 600) the 200 day is back in play, now a heavy resistance area.  The index is holding initial...