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Will the rally last

The market is under some selling pressure again this morning and the fizz seems to have gone out of the rally. Exxon (XOM) has disapointing results and the stock is down nearly 5% on the news. More on that later.  [Continue reading…]

GasLog Ltd (GLOG) chart looks interesting

I did a blog on this stock before but said the stock was to expensive. Basically its core product is that it owns large gas tankers and carries gas around the world for fees. It pre sells its tankers capacity.  [Continue reading…]

Rally back in play

A rally is back in play over the last few days. The big boys are anxious to keep it up there despite China correction and everything else. The charts look good  tonight. Chart on the SP-500 here. Money stream looks  [Continue reading…]

Trend is clearly down

Friday was a terrible day on the markets with some serious damage done to the charts. The SP-500 is now below the 50 day moving average and broken the uptrend line from 2009. One would expect more down side from  [Continue reading…]

Short & Long term trend is down

The short term and long term trend is clearly down. Results from Apple and Microsoft did not help last night. The long term support from 2009 will be under treat in a day or so and if we break that  [Continue reading…]