Due to TraderFeed's statistical analyses we can expect trend down to day. article . Also Dr. Bret said that guys from quantifiableedges and markettells to the similar conclusion due their statistical analyses. As i wrote some below, yesterday we saw strong trend up on light volume. So we can suppose that instutionals investors wasnt on the market yesterday and this up move wasnt important for a market in more long perspective.
Its came more realistic when todays market drivers were publicated. "U.S. Housing Starts Unexpectedly Fall to Record-Low Pace; Permits Decline"
Tim Sykes saying: "No trades on Friday due to my moving apartments…lots of potential plays due to stock promoters being back in the game biiiigtime…" So we really can expect a lot of good patterns in pennystocks for short.
LBAS - potentional short. Look for sidemove. This stock was up clear on manipulations.
BCRX, LBAS - pennystocks for short, but no good technical patterns do it now.
Stocks which are today's drivers. Positive news background before the marekt:
GS, MS, MGM
Negative news background - MXB, IVZ
When market will open, try to evaluate in what measure news in the market and if they have possiblity to move this stocks more up
Tuesday, May 19, 2009
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