NKA and NRGY both sustaining a lot of volatility... good for traders if not holders, now... although NKA looks like its bottomed and the patterns are working on creating a trend higher, while NRGY is "working on it"... but not convincing many, yet.
ALSK and FTR seem they are a mirrored pair in that relationship, only in telecom vs. the midstream... FTR still good as a day trader, but I'm not convinced it's seen the bottom yet, and the recent downgrades might do more than it appears now. The downgrades are noting what should have been apparent for a while, that FTR's internals are ugly... and while the internal trends were overcome for a while by the introduction of new data from their last acquisition... as that is absorbed more over time, what you're seeing is a larger mass adopting FTR's ugly internals. They have something wrong in the business that has them shrinking from the inside out at a pace that is probably not sustainable... and they've been ignoring the problem by focusing on acquisitions... making the problem larger over time. Makes the right question one of what point they'll reach before they're forced to "fix it"... with something other than layering over larger distractions. When you see FTR find a way to stop the internal hemorrhaging from losses in the customer counts... and finds a way to generate customer loyalty, and take customers away from competitors, rather than supply competitors with customers... that's when FTR will bottom.
It does look like ALSK might finally bottom... but, I'm not betting on it here given there isn't much enthusiasm for it in the market. Probably will find it on sale at $2.60 on a bad day in the market, and, for now, seeing no reason to pay more for it.
DHT doing well enough... chart says its going higher, probably this week, as the upward moving bollies catch up to it and gives it a bit of a boost... ? I'm not buying most of the public chatter re the stock being supported by the dividend... which is $0.03 quarterly now... when the swing in the daily trade is much larger than that. The ex-dividend date is being used as a distraction in the trade... and traders should ignore it and focus on the chart. DHT is the only play worth playing in the tanker space, for now, IMO, and it is one well worth holding for a while, as the market is beginning to work on correcting its recent downside excesses.
CPY... has been marking time relative to DHT, but the lower bolly is starting to move up on the daily chart... and we're maybe a few days away from seeing the ADX7 bottoming and crossing over, while the ATR is making a major new secondary low... just an amazing chart. Weekly charts show a nice secondary pinch on top of the massive prior pinch, with the MACD now turning positive out of the pinch on the weekly charts... just this week. Wound tight... this thing looks set to explode "soon".
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