Chart of the Week

A Candlestick Alone is Not a Trade Setup

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New Trade in Bottoming Shipping Sector

Below is a daily chart of Navios Maritime Partners L.P. (NMM), $1.72. Trade:  It broke out last Friday, so purchasing at current levels is fine with the posted stop. Strategy:  After a robust breakout in the stock and sector last November, NMM retraced, and broke out...

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Trade of the Week: Monsanto

Below is a daily chart of Monsanto Company (MON), $108.13: Trade:  Because MON rallied robustly last Friday with very little pull backs, it is extended intra-day.  As such, we recommend buying MON in the low $107s (which is intra-day support as you can see on the...

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Prestige Brands Holdings has Bottomed

Trade of the Week Prestige Brands Holdings symbol PBH The broader markets have had quite a run since our heads up of the coming End of Year Rally at the market low on November 6th. So finding new longs does become harder. However, sectors that that have underperformed...

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