CSCO Daily Chart
nothing actionable right here right now, but very important to watch either for a breakout or for a mean reversion (lower) trade setup…
Morning Thoughts November 14
As we look at the markets this morning Mr. Monti is the new PM in Italy, Merkel is issuing all sorts of new urgency on the bailout plans, yet stocks and bonds in Europe are trading lower. Last week was a serious chop-fest…although stocks traded higher four days out of five, it was Wednesday's trade […]
Today’s Morning Market Video
Today’s Morning Market Video: http://www.youtube.com/watch?v=tiHr162iGMc&feature=channel_video_title
new bucket 2 short trade in WYNN
we are short WYNN as of late this afternoon for a bucket 2 trade. the first target is at $128, the gap fill. the final stop is at Friday's high.
BAC…starting to like from the long side…
it's an if and when trade…i.e. a close above $7.50 would get us long for a bucket 2 trade. bank indices like the BKX and XLF are above resistance points and still acting well enough to continue this push higher after a pause. first note the 2011 downtrend that is for the very moment still […]
mind the gaps!
the chart here displays a 15 minute chart of the S&P 500 emini futures (december contract). note the 10 point gap above the market (upper gray zone) and the 20 point gap from last thursday below the market (lower gray zone). one of them should fill either today or tomorrow.
Walgreen interesting above $34.80
1) WAG is currently trading at the bottom of a three year channel….a very wide trading channel. 2) on the daily chart there is resistance at around $34.70 and the 50 sma (yellow line). A solid daily close above $34.80 may be a solid long-entry for a bucket 2 try
Stocks to watch should we move higher still:
Gap Fill Plays: NFLX, LNKD TZOO, X, WAG
Morning Thoughts October 31
U.S. stocks closed Friday with strong gains for the week, leading the S&P 500 Index to possibly finish October with the biggest monthly gain since 1974. Stocks continued their rally after the European rescue fund was boosted to 1 trillion Euros and banks agreed to a voluntary writedown of 50 percent on their Greek debt […]
monthly charts with bullish undertone
yes october will most likely have been the second best month on record…nice. with that it also left its mark on the montly charts…note the charts of the SPX and NDX below. both recorded monthly outside bars. that is bullish all else being equal. not an actionable catalyst in and of itself however but something […]