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Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
View Jeff Pierce's Instablogs on:
Financial Astrology: HIMX Strength Not A Surprise
By Astrology Traders
The following is from Sunday premium report published on April 28th by Astrology Traders, which uses astrology to forecast events in the financial markets. Jeff Pierce adds in the technical picture for the stocks and sectors in focus.
We like the recent pullback on HIMX for a long position. Jupiter in Gemini (technology and eye glasses) is making a conjunction to Mars and opposition to the moon of the IPO chart until May 1st. This stock could make new highs, see some pullback in June, and really move higher in July. We are looking for a pullback early next week for an opportunity to add long. We could see a bullish move near May 2nd.
Chart at time of report.
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Updated chart to reflect action between report and today.
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Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. We now provide a free 2 week trial and you are not charged until after the 2 weeks are up so you can sample risk-FREE.
Related Post:
Financial Astrology: New Trend In Solar
This High Flyer Soared On Earnings
New All Time Highs In Dow Coming
4 Earnings Winners That Bucked Today's Trend
By Jeff Pierce
While the market dumped a little today these 4 stocks showed a lot of promise. While none of them are "buys" in my book right now, they have a little bit of chart work that they need to work on and demonstrate that they have the strength to keep going over the next 1-2 months. If the market corrects, monitor how these behave. If they can maintain these gains and build on them then these 4 earnings winners will be ones to watch.
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Related Posts:
Distribution Behind The Scenes
Commodities Could Turn Lower
The New Leaders
Uninspiring Three Line Break Charts
By Jeff Pierce
It's very plausible we continue to rise, but these are anything but bullish technical patterns. The Nasdaq is sporting a bearish megaphone pattern while the TSX has rallied right back into resistance. I've been spending the last week or so severely lightening up on my long positions because I felt the market was at risk for a pullback. Tomorrow should put that bias to the test.
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Related Posts:
Distribution Behind The Scenes
Commodities Could Turn Lower
The New Leaders