RevShark Watchlist 060617

If you’ve ever read any of our content, then you’ve probably heard us yammer on about respecting the pricing action rather than trying to predict what the market might do. Given the nature of the persistent upside action over the past several years, “sticking with the...

RevShark Watchlist 060117

A couple weeks ago, you could almost hear a collective sigh of relief as traders all across the land welcomed back their good friend volatility. For months now, active traders have been lamenting the nature of the action. We’ve seen long periods of flat intraday...

RevShark Watchlist 052317

After about 3 weeks of miniscule moves and little volatility, the market experienced its biggest drop since last September. The bears have been predicting for months that a steady stream of negative headlines out of the White House would be the catalyst for the...

RevShark Watchlist 05-04-17: FUEL, QUAD, AKAO, MTBC

There’s been a ton of newsflow lately, but much to the chagrin of traders all across the land, it’s not resulted in any actionable volatility. The Fed yesterday did as expected and maintained a hawkish tone, the earnings docket has been dominated by the FANG names,...

RevShark Watchlist 05-02-17: CCCR, LPTH, GALT, AMKR

For the past few weeks, we’ve been yammering on about the numerous and compelling bearish reasons for a more negative forecast for the market, but have cautioned that, without actual pricing action to confirm those arguments, it was dangerous to let them influence our...

RevShark Watchlist 04-25-17: CAMP, BLDP, QBAK, LPTH

After more than a week of little movement near key near-term support levels, the market caught investors by surprise on Monday by gapping sharply higher and posting solid gains on the session. As we’ve been saying, the bearish arguments have been compelling, but that...

RevShark Watchlist 04-21-17: KURA, ADSK, XOMA, IOTS

After struggling for 5 out of the past 6 session, the bulls managed a pretty good session on Thursday. Gains were solid and breadth was good, but the action didn’t do much to resolve the shorter-term technical picture in with the indices remain in their multiweek...

RevShark Watchlist 04-19-17: LL, COOL, MVIS, IAC

Although the newsflow continues to support the bears’ case, they just haven’t been able to gain a real toe-hold. After a gap lower to start the day on Tuesday, the dip buyers showed up to prevent any real technical damage, but weren’t able to gain any traction either....

RevShark Watchlist 04-18-17: MB, ENZ, MSB, DFRG

Stocks were uncharacteristically weak heading into the long weekend, putting in two solid down days Wednesday and Thursday, leaving the indices a little oversold in the short-term and the S&P 500 under its 50dma for the first time in about 6 months or so. That...

RevShark Watchlist: MTZ, INVE, DRNA, AKAM

The last time we met, we discussed how the action has been a bit tedious lately and how neither bull nor bear was able to make any meaningful progress. We’re still in the first half of a short week, and so far, that hasn’t changed. Whether or not we’re seeing the...

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