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Gennady Kupershteyn

Recent Posts

Bulls Hold On To Hope When They Should Fear

Posted by Gennady Kupershteyn on Sep 29, 2014 2:56:00 PM

Bulls continue to hope this market will not correct and continue to rally. They point to the few positives in the market as a sign of strength and ignore the growing list of red flags that are signalling a deepening correction. Sure the market has ignored the growing number of geopolitical conflicts, but have they really?

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Topics: AVP, GPOR, PNR, US Market, DDD, Short, ACI, CVD, GPRO

Industrial Manufacturing Company on Verge of Another Breakdown - Pentair $PNR

Posted by Gennady Kupershteyn on Sep 26, 2014 8:29:00 AM

Pentair (PNR) broke down from a bearish head and shoulder pattern, July 31, 2014, on a poor earnings report. The company missed both sales and earning's estimate and guided lower. Since then, the stock has attempted to rally back to the fifty day moving average and head and shoulder neckline two times, but both attempts were in low volume.

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Topics: PNR, US Stocks, Short

Chinese Discount Retailer Could Defy Market Downtrend - Vipshop Holdings $VIPS

Posted by Gennady Kupershteyn on Sep 23, 2014 9:58:00 PM

Vipshop Holdings (VIPS) has been one of the market's biggest winners, advancing almost 3,500%, since breaking out of it first stage, cup shaped based the week of September 21, 2012. Since topping the week of August 15, 2014, the stock has pulled back to the fifty day moving average, closing tight over the last three weeks along the fifty day moving average with a high volume positive reversal last week. The current consolidation is a later stage base and carries a higher risk of failure. But, despite the market's three day sell off, the stock has held up quite well, rallying over four percent in higher volume today.

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Topics: Long, VIPS, US Stocks

The Greatest Trick The "Bear" Ever Pulled Was Convincing The "Markets" It Didn't Exist

Posted by Gennady Kupershteyn on Sep 23, 2014 9:06:00 AM

The market sold off for a second straight day yesterday after marking new highs last Thursday, but volume was lower. This was little consolation as comparisons to Friday's quadruple witching volume were difficult and volume was still higher then almost every other up day during the rally except for one, continuing the trend of higher volume down days and lower volume rally days. Even though the day wouldn't officially be considered a distribution day, over the last twenty trading days the Nasdaq, SP 500, and Dow, have registered six, eight, and seven distribution or stalling/churning days, respectively.

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Topics: GPOR, YHOO, BABA, BIDU, UA, ASPS, US Stocks, DDD, NFLX, TSLA

High Yielding Fertilizer Stock Readies New Uptrend - Potash Corporation of Saskatchewan $POT

Posted by Gennady Kupershteyn on Sep 18, 2014 10:23:00 AM

Potash Corporation of Saskatchewan (POT) advanced over 2,200% from its first stage breakout the week of July 25, 2003 to its peak the week of June 20, 2008 and crashed along with the market during the financial crisis. The stock ran up 400% from its financial crisis low, only to sell off over 50%, but in a more orderly fashion, forming a multi-year bullish descending wedge. Potash has managed to breakout above the descending wedge and is currently forming a tight cup shaped base with plenty of accumulation just above the descending wedge.

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Topics: Long, POT, US Stocks

 

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