Splash Zone

Good week overall. It is hard to complain about the overall performance for the week, when all the trades finished in the green, and the market actually finished lower by about -1%.  Considering all of that, I'd say the week was pretty good to us.  Going into next week is interesting though, as we finished

5/10: LNKD, following their horrific sell-off after their February earnings report, has created a very nice base that it is now attempting to break out of and push into the gap. It has pulled back from $130 over the five days with very light volume and is attempting to bounce higher off of support in

What a crazy week. Honestly, it would have felt much better if we could have simply avoided the trade in USO. It started off great on Wednesday, then you have the 'out of left field' news events with the Libya blockade, and more importantly the massive inferno in Canada, affecting 88,000 workers and thereby crippling

Heavy amounts of distribution for the better part of April and into May with the 20-day moving average providing substantial resistance overhead as well as an ugly weekly chart that seems to be hitting resistance again on the long-term time frame and on the 30 minute chart it shows more clearly the heavy distribution and

Nice bull flag pattern in $JNJ that has and continues to find support off of the 20-day moving average. Looking for a bounce here that progressively pushes the stock higher in the days ahead. Has held up very well under recent selling pressures from the market.

Bear flag on VZ that is confirming to the downside along with a nice series of lower-highs and lower-lows. 30 minute chart also suggests some resistance at the $51 area. On the weekly chart there is a massive double top pattern brewing.

ORCL is sporting a perfect double top and and confirming the pattern today as well as breaking below the 50-day moving average. There is also a gap in the $38's that remains unfilled and continued weakness in this market would likely lead to that gap being filled.

Last week marked the first time in eleven weeks where the market closed below the previous week's lows. It doesn't sound like a big achievement on the surface but when you look at it closely, it represents a shift to the status quo and one that may carry over into this week. While the market

The market resiliency continued into last week with a positive return for the eighth time in the past ten weeks. There are some cracks beneath the surface though, particularly with earnings starting to disappoint on a large scale - most notably with Microsoft (MSFT) and Google (GOOGL).  Tech is starting to lag some - with

4/21: Crude hitting major resistance on the chart. Since I don't trade futures in the Splash Zone, I have elected to short USO instead. There is plenty of long-term resistance overhead on the price of crude, which I will provide a chart for.