Energy Sector Getting Top Heavy Here
There is no doubt that the tape is feeling heavier since last week's sell-off. One of the sectors that is feeling particularly heavy is the energy sector. I always feel that partticularly for ETFs that nowadays get thrown around as if they are an individual stock, it is particularly important to be aware […]
Morning Look At The S&P500 Chart
Last Thursday the S&P 500 held right at the breakout level, 50% retracement, and 21 day exponential moving average of $1336. Friday's Doji candle and yesterday's constructive bounce (albeit on low volume) is making this chart look fairly stable again. The best thing about it however is that all we need is one meaningfull selloff […]
UK Retailer Tesco (TSCO) Attractive Chart Pattern
We don't trade a ton of European stocks but the chart of UK retailar Tesco (TSCO on the London Stock Exchange) is looking juicy. The inverted head and shoulders pattern not only put in a nice solid bottoming process in March, it also has a nice and defined entry (above 415), stop (below 400) and […]