It was a wild week on Wall Street as markets had to digest some significant data-points. The ballooning anticipation of a sizable stimulus from the Fed was deflated as “only” an extension of Operation Twist was announced. With a market so desirous of stimulus to keep the momentum going, stocks sold off as reality set in.
Aside from that, there were many disappointments with economic data from China, Europe and here at home.
The Market Trend Indicator (MTI) continues to show
Every couple of weeks we provide and update of the overall status of the recent ALERTS! Here is the latest….
In this edition of The Rundown, we list every single trade that TriggerPoint Research has ALERTED! since inception and look at the importance of stops as well as taking profits at the recommended levels. This new format should help reduce confusion and standardize a track record for the ALERTS!.
Westport Innovations Inc. (WPRT) is commercializing high pressure direct injection (HPDI) combustion technology. This technology allows diesel engines to operate on cleaner-burning gaseous fuels without sacrificing performance or fuel economy. The Company currently has an alliance with Cummins Engine Company Inc. (CMI) and a development project with Ford Motor Company.
This is a highly volatile position and is poised for a continued move.