Seeking Alpha

Dr. Thomas Carr's  Instablog

Dr. Thomas Carr
Send Message
Dr. Thomas K. Carr (aka “Dr Stoxx”) is the Founder of (formerly “Befriend the Trend Trading”). He holds M.Phil. and D.Phil. degrees from the University of Oxford. For 16 years he was a tenured professor and department chair. He currently is a fulltime trader, market analyst, trading... More
My company:
My blog:
My book:
Market-Neutral Trading
  • Spotting The Early Entry In Facebook Breakout 0 comments
    Dec 17, 2013 12:09 PM | about stocks: FB

    The chart below tells the story: on $FB's pullback, bullish volume started to accumulate shares prior to share price hitting its lows. The On Balance Volume indicator gave the early cue to get long before institutional money began to drive the price into its breakout pivot:

    (click to enlarge)

    Watch the $55 price level here. A bearish rejection would signal another several weeks of subpar performance. But a close above $55 should see $FB shares rally sharply higher. Momentum is currently on the side of a breakout.

    Disclosure: I am long FB.

    Themes: Facebook, breakout, OBV Stocks: FB
Back To Dr. Thomas Carr's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Do NOT Chase This Rally!
    2 days ago
  • Just published a blog that should make the hair on the back of every market bull stand on end:
    2 days ago
  • Put on $SPX bull put credit spread, 1805/1800 and a $QQQ bear credit spread 100/103. Fishing on the fringes for cheap credit...
    Aug 12, 2014
More »

Latest Comments

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.