S&P couldn't close this week above the highly watched 1150 level. On Thursday and Friday, we traded over 1150 but couldn't close above it. Will be watching this closely this week for either a breakout or breakdown from this range. The S&P does look like its forming a short term ascending triangle, which favors a breakout to the upside, but lets wait for confirmation!
It was a very nice week last week for CSIQ. Broke out nicely!!
Sherritt looks to be topping out short term here after a shooting star candle on Thurs with confirmation on Friday to the downside. If $7.92 can hold here, might have legs to move higher!
Copper Mountain gapped up higher on Friday, indicating further strength. Fridays gap up was above Thursday's high and open, which signals a powerful kicker candle.
Alcoa is flagging nicely here. Friday it broke out but closed fairly weak. I am still long this stock and I feel more upside is on the way as long as the S&P can breakout here!!
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