NewStream Energy Technologies Group Inc (NSGP)

[trader53]

CCTC vs S&P 500 Wednesday May 26th

The Futures at 5:15 am, are indicating a positive opening, and continuation of the momentum, that had carried the markets and CCTC, into their closings yesterday.

http://money.cnn.com/data/premarket/index.html

The major markets and CCTC, all had "Positive Divergences", on their "Daily and Hourly" charts, which implies a "reversal in their downward trends", is at hand.

CCTC and the major indices, should be able to have an Up-Trend develop here, over the next few trading sessions.

The S&P 500, has a very distinctive "5-Wave pattern" down, from the May 13th high of 1173.57, down to yesterdays May 25th low, of 1040.78 and this means there is the likelyhood of a counter trend rally approaching.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97486085748

CCTC should benefit from this approaching rally in the major market indices.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p17465320984