ProTrading.Signals

ProTrading.Signals

Well, GOOG didn't break the PivotBreak line, so no Short here. Instead, the stock still drifts higher, still not convincing with the low volume and small range, I don't buy that. So, for now, my finger stays on the mouse for a quick Short below 1000, we'll just wait and see.

ProTrading.Signals

Yea, I know it's in an uptrend, but taking into account the big up gap and the "slow motion" behavior of the price action, I think the stock looks a little weak to me. The recent 1040 breakout doesn't look so convincing. If the price falls back below the PivotBreak green line I will see it as a bearish sign, maybe even down to 1000-ish area.

ProTrading.Signals

Don't take your eyes off BIDU, as it looks very Bullish, especially if it trades above 170. Notice the nice PivotBreak line that extends its effect one month back. Also, the price "sits" well above the middle SmartPoint band, I know I will watch it close...

ProTrading.Signals

Contrary to the market performance, GM has not done so good so far. It has consolidated over 4 month lagging the market. Now though, the picture seems to be changing a bit. Recently, GM has pierced through the rock solid $38 level, and seems comfortable, with no signs of reversal. Using the PivotBreak and the SmartPoint indicators shows us a bullish formation...