After yesterday’s overly serious mental exploration into the markets it is time to lighten up again.  After all, the most fun I have is in taking a break from the macro with stuff like this.  So even dour and droning bearish bloggers get to have fun.  At least this one does.

FTEK (Fuel Tech), which I first came upon early last decade, had a nice earnings fueled ramp in November.  I of course sold the big gap up and watched the momo take over.  I even thought I’d short it if it hit 10 (much like I shorted former holding DDD after it went way too far).  But it didn’t quite get there and I have just had it on radar ever since, recently buying it back at 6.20.

FTEK is declining within a big wedge on volume that had been diminishing until it popped earlier this month on what may have been its last washout low.  That is as yet undetermined because it has not broken the wedge.  But it is getting close.  Earnings are out soon and may have something to say about which way this thing breaks.  But so far, so good.

Now for the new, a stock who’s symbol just sounds like bad luck.  But as a pure chart speculation for a trade, I am taking a flier on it.

This one has I guess you would say meandered out of its wedge.  It is another one I have had on watch for a long while.  It was added this morning.

Two totally different companies (a cleaner coal play and an in-flight WiFi play) with similar post run up consolidations that look like falling wedges.  I have familiarity with FTEK and none with GOGO.  So the latter will at least, be kept on a short leash.