Tuesday Evening

The Naz & Russell futures reversed all of their gains made in the early session and closed down by a few points... normally that's not a bullish sign going forward. S&P and Dow futures reversed about half of their gains.

Tuesday Afternoon

CJES is a oil service company with a high growth rate and low pe.  There is a lot of regret in this chart so it may take a while to chew through resistance.  I have an alert for 18$ but we may not see it.

Tuesday Morning Thread

Gator's Chart of the Day: BOIL

First a word of caution.  This is a leveraged ETF.  It is intended to track the Dow Jones-UBS Subindex on a daily basis and move twice as much as that index.  I cannot name any leveraged ETF that tracks at the multiple rate (2X or 3X) for more than a few days so holding this for more than a swing trade is not likely to work out well.

Natural gas has been a terrible place to invest for months.  It may have finally found a bottom or this may just be the latest short term bounce as it continues lower.  You can see where it has done that several times on this chart.  Having said that, it looks to me like there is more upside in the near term.

The stock has not been anywhere near the 50 day simple moving average on the entire chart so I would not expect this time to be any different but it has been moving up on above average volume.  The tallest bars are red and that can't be ignored but it was up over 8% on a day that the market was weak.  The Bollinger bands are expanding and are likely to contain the upside move so a small position seems appropriate.  The 20 day simple moving average has flattened and one more up day should see it turn higher.  A 10-15% move looks possible.