Uncovering Stocks

Are the Nasdaq and the Dow Jones ready to start a Rally?

The Nasdaq has been gaining strength, and appears to be ready to start a new uptrend. While the Index remains on a Bear Trend, The RSI and the MACD already have bullish divergences, and the MACD already gave a bullish trend reversal. The Nasdaq faces a strong resistance around 1600 (the SMA 50), and while the Index [...]

CHK is having a terrific week

CHK has been rising steadily this week. Last week the stock reached a 52 weeks high at $9.84, and today the stock raised another 23% to $17.83. While the stock has a long run to return to $60 (where she was last June), the recent rally surely was a joy for shareholders. addthis_url [...]

How Low Can Natural Gas go?

Natural gas has been sinking since July. Honestly I don’t think the Natural Gas can go much lower. If we look into a 3 years chart, we see the Natural gas usually reverses in a V pattern. With this in mind, after such a crash, the Natural Gas prices will probably reverse to the upside soon. I [...]

Unemployment rate rises to 6.7%

Unemployment rate rises to new 15 years high and employers cut 533K jobs in November. This is the worst value in 34 years. As a result the US Indexes started to lose ground but already recovered most of today’s losses. addthis_url = 'http%3A%2F%2Funcoveringstocks.com%2Funemployment-rate-rises-to-67%2F'; addthis_title = 'Unemployment+rate+rises+to+6.7%25'; addthis_pub [...]

The importance of the risk reward

Before you enter a trade you need to have a plan about what should you do if the trade goes your way or against you. It’s extremely important you try to implement a good risk reward in all your trades. By using a good risk reward, you’re risking less than you’re trying to make. Usually, a good [...]

Stocks of the day: CBST, GTIV

CBST: Today the stock raised 7.46% on good volume. CBST broke recently above strong resistance and technically it’s pointing to the upside. GTIV: GTIV rose 5% on twice the average volume. The stock recently broke above a strong resistance, then came down retesting this area and is now starting to move to the upside again. addthis_url [...]

Stop Loss: Use it or forget about it?

Stop Loss can be a great tool to reduce risks in the stock market. With a stop loss, you simply decide a price where you will close your trade in case things don’t work as you were expecting. A Stop loss has lots of positive thing since it allows you to take responsibility for your losses, [...]

Dow Jones up and downs

Today the Dow Jones finished higher. What’s curious about today’s session is that the Index started to form a nice uptrend, then lost the entire trend and finally formed a new uptrend closing near the session high. After a black monday I’d like to see more strength than the one Dow Jones showed today. It simply [...]

Another black monday on the US markets

The Dow jones crashed 679.95 (7.7%), the Nasdaq crashed nearly 9% and the S&P500 crashed 9.93%. If this isn’t a black Monday what can we call it? The U.S. economy slipped into recession in December 2007, the nation’s business cycle arbiter declared on Monday, and the downturn could be the worst since World War Two. The Bear market [...]

10 worst IPOs of the Year

Here’s the list of the worst IPOs of the year: DWT: -99.93% GRO: -90% PMII: -92.73% VM: -93.33% VRS: -89.33% CATM: -86.6% DFT: -89.81% TARG: -87.70% ENTR: -83.33% OZM: -84.47% addthis_url = 'http%3A%2F%2Funcoveringstocks.com%2F10-worst-ipos-of-the-year%2F'; addthis_title = '10+worst+IPOs+of+the+Year'; addthis_pub = '';