The Stock Market Garden OTCBB Model Portfolio currently holds two positions: GZFX.OB and SMKT.OB.  Analysis follows:

 

 GZFX.OB - Technical Analysis indicates that GZFX.OB is still running close to its 50 day moving average.  We are seeing a tightening of the price and volume rages.  The RSI and the Fast Stochastics are both a mid level which is a neutral indication.  Looks like it will take a significant news release in order for this stock to break out again.  We will continue to hold this stock for the time being.

                                          Chart courtesty of www.stockcharts.com

SMKT.OB - This stock has been experiencing some upward momentum as of late.  Volume seems to be stable, the RSI is centered.  On the negative side, the stochastic is looking quite overbought and the stock is up against its 50 day moving average.  The hope here is for the some sideways action and then a break over the 50 day ma.

                                           Chart courtesty of www.stockcharts.com

More to come,

SMG Staff



The Financial Ad Trader


The Financial Ad Trader