Evening Thread

See that little doji up in the upper right corner? That was today. If you were trading ZOLT or ZNGA or ZIXI it was more exciting than that. The uptrend remains in place.

Afternoon Thread

ZOLT reported earnings last week. It is a leading provider of carbon fiber to the wind energy industry, where the fiber is used in blades. The stock is Rev's SOTW and is up about 10% at this writing today. We could "hope" for a pullback to let the rest of us in. It has nothing to do with social media or Facebook that I can find.

Morning Thread

Gator's Chart of the Day

The W is said to be one of the strongest and most reliable of the reversal patterns.  They don't get much clearer than the one made by JPM.  It has completed and it did so as it broke through the 200 day simple moving average.  That purple line has now become support that was successfully tested and the stock is moving higher.

I have no position but what I hope to see is a pullback to the 36.50-37 area and then a bounce.  That is where I want to enter and I can keep a very tight stop just a little under the 200 day (which is coincident with the 20 day.)