Worse over for Frontline Ltd

The worse appeared to be over for companies such as Frontline Ltd (FRO) in the supertanker sector. The chart of FRO appeared to have bottomed out and seemed like it is in the process of accumulation by big players.

Click on chart to enlarge (FRO - Daily Chart)

Click on chart to enlarge (FRO - Weeky Chart)

More Upside to Come - BAC and United States Steel

Click on chart to enlarge (Daily Chart BAC)

Click on chart to enlarge (Weekly Chart BAC)

Click on chart to enlarge (X)

United Steel - Breakout move imminent

The daily and weekly time frame of United Steel (X) looks like its storing power and ready to breakout anytime now. The move up should be powerful if these two bigger time frame investors stepped in to buy.

Click to enlarge - Weekly Chart (X)

Click to enlarge - Daily (X)

Bullish - Start of a new bull market ?

Stock markets in a bullish mood lead by the financials. If one see a bull market coming, one should open a long position and sit tight. Stocks are breaking out of bottom formation and even the much beaten down solar sector looked primed to move.

Click on chart to enlarge (BAC)

Click on chart to enlarge (YGE) 

Click on chart to enlarge (AA) 

United Steel (X) Leading The Charge

Happy New Year, folks!

United Steel (X) is leading the way for the basic materials sector. United Steel had broken out of a nice basing pattern formed over a few month and had also gap up above its horizontal resistance and is now nibbling on its current resistance at $28.50. A close above $28.50 would be extremely bullish for this stock.

Click on chart to enlarge (Daily Chart)

Click on chart to enlarge (Weekly Chart)