All posts by Tate Dwinnell

General Steel (GSI) Big Breakout, Wait For Retrace

The play right now is in the metals space – gold, silver, industrial metals, mining, etc.  The steel sector as a whole isn’t doing real well right now, but what the heck steel it’s a metal and GSI is showing massive buy demand on a recent breakout.  Take a look at the chart below.  At the beginning of March General Steel (GSI) staged a massive 60% breakout move with extremely heavy volume and now needs … Read the rest

Stock Charts Review – AMAT, NSTG, ENTA; Metals Are The Play Now

Well it’s been a long time once again since I’ve posted here so realistically consistent posting probably isn’t going to happen.  All my time these days is spent with Bumblejax which has been a terrific journey and remains my passion, but I miss the stock analysis and trading which I have only dabbled in the past few years.  However, the decision to step away from the market was the best decision ever for both my … Read the rest

Headlines: Twitter IPO, Soaring Home Values, Apple’s iTunes Radio & 5C & Inspiration!

Here are some business and stock market headline news stories to chew on this evening…

Home Values Have Soared Over Past Year!

Across 20 major US cities, the average home value increase was 12.4% which is the most in 7 years!  However, it looks as though the rate of increase has peaked for now.  “More cities are experiencing slow gains each month than the previous month, suggesting that the rate of increase may have peaked,” … Read the rest

Applied Materials (AMAT) Surges To 5Yr High On Tokyo Electron Mega Merger News

Applied Materials (AMAT) is surging higher today to a new 5 year high after it was announced it would merge with another global giant, Tokyo Electron Limited, in an all stock transaction valuing the new company at nearly 30 billion.  The merger brings together complementary technologies in the semiconductor and display markets and is expected to close in about a year.  After the close, Applied Materials shareholders will own approximately 68% of the new company … Read the rest

Biotech IPO Breakout – NanoString Technologies (NSTG)

Earlier today I mentioned that the small biotech/pharma plays have really been moving and while I typically stay away from these highly risky and volatile plays, they can provide for outstanding shorter term trades with smaller positions.  This morning I highlighted the trade in ENTA which staged a big breakout and just needs a retrace of that move to provide an entry.

Another trade I’ve got my eye on is NSTG which is flashing a … Read the rest

IPO Biotech Breakouts – Enanta Pharma (ENTA)

It’s been quite awhile since I’ve posted here, but hope to be more consistent with profitable stock trade ideas!  With today’s post I highlight the first of 3 biotech stocks that IPO’d this year and are flashing big, high volume breakouts.  Please know that biotech stocks carry considerably more risk than just about any other industry.  They live and die by results of drug trials and any negative result can send the stock diving.  Do … Read the rest

Solar Stocks Soar On First Solar (FSLR) Guidance

It’s been a volatile few months for solar stocks which saw a big surge off the bottom late last year only to retest those lows recently.  Today, solar stocks get a spark in positive guidance from First Solar (FSLR) which posted much better than expected guidance, but it remains to be seen if they catch fire again.  It’s too soon to begin calling another bottom in solar stocks, but today’s buy interest/short squeeze definitely means … Read the rest

Tesla (TSLA) Soars After Confirming Profitability, Providing Breakout Entry

A few days ago shares of Tesla Motors (TSLA) staged a significant breakout move above previous resistance, sending the stock to all time highs.  Technically, this is an extremely bullish move for the stock and likely leads to further gains down the road.

The move came after CEO Elon Musk confirmed that yes the company will post a profit for Q1.  While the company already indicated this in their last earnings report, Wall … Read the rest

Facebook (FB) Stock Chart Update: Bearish Break Down

Facebook (FB) stock has had quite a run since its Q3 earnings report back in late October.  After that report I mentioned that a floor was likely in the stock and that a run was likely setting up:

“Technically, FB stock base been trying to find a bottom to a base for several months and the gap up move tomorrow morning may just be the beginning of a sustained move.  However, as mentioned above, I … Read the rest

Tesla (TSLA) Tanks After Reporting Wider Loss Than Expected, But Profit In Sight

Tesla Motors (TSLA) reported earnings last night that provided a bit of fuel for skeptics, but hope remains and the company has indicated profitability is just around the corner.  In the near term though, the stock is getting hit hard today and slicing through key support at the 50 day moving average this morning.  Let’s see if the stock can make a comeback and close at the 50 or just above.  That would be an … Read the rest