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I had hinted in the past to this new revolutionary form of energy that could change the energy paradigm: LENR (Low Nuclear Energy Reaction).
It came out in these days the news that the inventor of the E-Cat (Energy catalyzer, a reactor that apparently is able to produce large amounts of energy – heat – at nearly zero cost), has sued his US partner/investor company for not paying him 89M USD, after a successful 350-days test with his device.
This is the only thing that has made me smile today; I had trouble catching my breath:
Here is my selection of 6 stocks, candidates for a breakout in the coming week: Crown Castle International Corp. (CCI), PFSweb Inc. (PFSW), QLogic Corp. (QLGC), Range Resources Corporation (RRC), Service Corporation International (SCI) and Shutterfly, Inc. (SFLY).
Over the last few days there have been a number of significant looking breaks in either direction but no break has delivered much. On the daily chart the bollinger bands are compressing and when that compression breaks, we are going to see a significant move in the expansion that follows, probably to the downside, but as ever there’s only one way to find out for sure. 🙂 A downward resolution does not preclude marginal new highs before that plays out.
In the short term there was a battle over the ES weekly pivot at 2046.20 (2053/4) that lasted much of yesterday and was firmly resolved in favor of the bears in the last hour. Will this victory be as shortlived as the others have been recently? Very possibly yes, and I’m still thinking that the setup here favors the bulls 60/40, even though unlike yesterday ES is opening below the weekly pivot.
