- Level 3 Communications Inc. (LVLT)
The LVLT daily chart below shows that recently the prices form a falling wedge pattern, it usually will be followed by a reversal movement. Both the W%R and RSI form a positive divergence as well after about one month oversold condition. The over all options implied volatility of 138 is above its 26-week average of 82, it's suggesting larger price movement. The trading volume has increased for three consecutive days.
Chart courtesy of Stockchart (Click to enlarge) - Yingli Green Energy Holding Co. Ltd. (YGE)
A nice double bottom chart! But we should still wait for a confirmation candle tomorrow. The Company announced that its principal operating subsidiary in China, Baoding Tianwei Yingli New Energy Resources Co., Ltd., has won a bid to supply approximately 1.5MW of PV modules to China Mobile Communications Corp., the largest mobile phone operator in China. The bid accounted for over 31% of China Mobile's total recent PV module procurement. Tianwei Yingli expects to enter into a definitive supply contract with China Mobile in late October or early November 2008.
Chart courtesy of Stockchart (Click to enlarge) - Ultra Financials ProShares (UYG) and Ultra Basic Materials ProShares (UYM)
Buffett said, "Buy American!"
Tightening credit market has been eased by the global action to print money. The fed actually has power to print money and then he floods the market by money just to prove that his research about depression was correct. He is actually insane.
Image courtesy of Jesse's Café Américain
Lets print money! Buy UYG & UYM
Chart courtesy of Stockchart (Click to enlarge) 
Chart courtesy of Stockchart (Click to enlarge) - NGAS Resources Inc. (NGAS)
The sixth well has been on line for over 30 days, with average daily production rates of 246 Mcf. NGAS announced that it began flowing gas from its New Albany shale prospect into the Texas Gas interstate pipeline. Look at the nice support. The prices are leaving the lowest level area by increasing volume.
Chart courtesy of Stockchart (Click to enlarge) - Zoltek Companies Inc. (ZOLT)
The Company reported the successful start-up of acrylic precursor and carbon fibers manufacturing operations at its Zoltek de Mexico facility and provided updates on recent results and its business outlook in achieving its strategic objective of commercializing carbon fibers as a widely used building material. The chart already shows the nice gap up.
Chart courtesy of Stockchart (Click to enlarge)
- UAL Corporation (UAUA)
Die air transportation service! Recession suddenly already evaporates consumer's wallets. The recent pullback will be rejected immediately. The triple top candidate will be formed.
Chart courtesy of Stockchart (Click to enlarge) - Intuitive Surgical, Inc. (ISRG)
The company reported better than expected Q3 results but is being punished Friday on concerns of a difficult economic environment going forward. The recent candle formation is bearish evening star, it's a strong signal while W%R and RSI indicate a double top bearish pattern, it's a strong signal, too.
Chart courtesy of Stockchart (Click to enlarge)
Related Posts :
- 10/17/2008 Market Recap - Another Extremely Volatile Trading Session (Update 2)
- Overnight Libor Starting to Look Like Overnight Libor Again
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