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Wednesday, 6 April 2011

First Solar hits top of ascending channel



FSLR  looks bullish but needs to beat 156.50 confidently to break range of last couple years

 If todays low does not hold then 141.31 & 200dma reasonable risk/reward for a swing trade ?

Tuesday, 22 March 2011

Monday, 14 March 2011

Nikkei retraces its gains since breaking a multi year downtrend


The breakout seen here in Nov 2010 traces back to the highs of 2008 and beyond for Japanese stocks.  As such, if we can stay above this downtrend line Im still quite bullish for a continued recovery in such an already lowly rated index. 

The currency as the other half of this equation should prove much weaker going forward and longer term
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