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Daily Archives: September 30th, 2009

Trade Set-Ups: PSPM, BEST

The most recent version of the falling resistance line Purespectrum, Inc. (PSPM) – which dates back to May -was technically broken on Monday with a massive outside day reversal to the upside. Volume behind that potential Purespectrum pivot wasn’t great, but it was stronger than the prior day. The stock’s followed through since then. Purespectrum [...]

Market Transients Reveal Underlying Stock Strength or Weakness: GE, AEM

This mornings deep market transient, in which the SPX fell 1% then climbed back to even, gave us an opportunity to see the internal workings of the market as it separates the losing stocks from the winning stocks. To do this, we can gauge the bullish or bearish bias in a lot of stocks based [...]