Friday

So lets touch on yesterday a little bit...

• The overall market.
• The Dow closed up over 120 points  +
• Unemployment stayed unchanged, rather than increase +
• On some of my recent things to watch
• Wheat: -1.74% (export ban lift decision next week)
• BEE: +14.43% (nice pop!)
• GRT: +4.88%
• CBAK: up a bit, but holding against those resistance lines. Chart below
• ZQK:  +1.37%, +14.73% since bought a few days
• GS: keeps climbing... BUT its right on the resistance line now.  Have my stop set for 170 still; been in it too long to miss it.  Chart below

                                CBAK

                                 GS

Any winners yesterday for anyone?  Have a good weekend.

- Krames

A couple updates

Just a couple updates here.  Still feeling real confident on ZQK especially with their earnings coming up; since my buy at the open yesterday I'm up 12.79% on that position, caught a really nice candle.  It still hasn't passed my upper trend line, I wouldn't frown upon the idea of buying some more, but I'm not going to.  Heres the updated chart.

I'd also like to talk about CBAK; I wrote earlier about this looking interesting because of all the converging trend lines.  This has moved down 2.77% today, and the bottom support horizontal trend lines seem to show that this stock may break down further.  I have posted two charts below, both updated and the same thing, but different time frames.  If you look at the second chart, a zoomed in look at the point which the trend lines intersect shows an interesting point of resistance. This is  particularly interesting because it is the intersect of three long term trend lines (5 year daily trend lines) in the grey box.  I feel this solidifies the point of resistance, and this is meant to go down.

Gotta run some errands.  What do we think?

- Krames

One to watch

The 5 year daily chart on CBAK has a lot of crosses coming up on long term trend lines.  Going to keep an eye on this.

- Krames