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      2008 Return
      119%
      Total Benchmark Performance
      Index
      Start Date
      % Return
      Value
      S&P500
      2006-03-30
      42.12%
      752.59
      TTT.net
      2006-03-30
      690.88%
      395440
      Last 5 Closed Trades
      Symbol
      L/S
      Bought
      Sold
      		 Gain/Loss
      LVLT
      		L
      0.84
      0.89
      5.95%
      IPG
      		L
      2.92
      3.01
      3.08%
      AIG
      		L
      1.68
      1.65
      1.79%
      MS
      		L
      10.6
      10.43
      1.6%
      UAUA
      		L
      11.02
      10.77
      2.27%
      All closed Trades

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    Small Cap Stock Picks Technical Analysis: 9/2/08

    September 3rd, 2008 by Cameron Fous

    Find out what stocks were trading!! Test out a 2 Week Free TRIAL and START PROFITING TODAY!

    Small Cap Stock Pick:

    ??? had a strong opening today on the fall in oil along with with the rest of its industry. Although most of these stocks went from a strong open to a weak close forming a bearish shooting star candles which suggests short term negative momentum for these stocks with the possibility of filling their gaps more likely. 

    Technical Analysis:

    Looking at the chart we can see there is some strong resistance near the $12 area with todays high peaking near this area where sellers and profit takers took control quickly. Being that this shooting star candle occured near a resistance level its much more likely that we will see a bearish reaction to follow. Preferrably we would like to see price retrace and fill the gap around $10. I alerted short at 11.16 with a stop around 11.55 or so.

    More on this topic (What's this?)
    Technical Analysis Roundup (market folly, 8/22/08)
    How Oil is Actually Priced: Be Worried (Jim Kingsdale's Energy Investmen..., 9/29/08)
    DJIA Technical Analysis: Three Lines in the Sand (Ahead of the Ticker, 11/19/08)
    Read more on Technical Analysis, Oil Prices at Wikinvest

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    This entry was posted on Wednesday, September 3rd, 2008 at 2:49 am and is filed under Small Cap Stock Picks, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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