JPMorgan (JPM) Chart Looking Up
Much more constructive the chart of JPM here. A daily close above the blue downtrend line may lead us to go long for a trade.
Coca Cola (KO) Looking Good Long
As a consumer non-cyclical stock, Coca Cola Co (NYSE: KO) could in times of market turbulence act as a relative safe haven compared to the rest of the market. Even though this well-managed firm may not be the cheapest in its industry, its great strategic positioning should allow it to trade at a premium. […]
BKX Bank Index Still Weak
Worth pointing out here again is the BKX bank index. It remains looking weak and is very close to slip out of this latest bear flag pattern. A close above 48 would cause us to look on the long side.
Today’s morning market video is uploaded and ready to watch here:
http://steadytrader.wpengine.com/video-2/video-june-2011/
Dollar Index Breaking Higher Soon?
The dollar continues it's march higher and is currently resting at resistance. It is however now the fourth time the dollar index tested the most immediate resistance area and as such the chances of a break higher are increasing.
Fedex (FDX) Poised To Run Higher
Fedex (FDX) announced its latest earnings on June 22nd. The company reported earnings per share of $1.76 compared with the consensus of $1.72. What gave the stock the real boost however was that the management upped its fiscal year 2012 guidance. On the weekly chart we note that over the past 8.5 months or […]
Is Gold Ready To Rally Again?
We have all heard the numerous reasons to buy and hold gold. They include: Hedge against geopolitical unrest Hedge against the sliding dollar Inflation and deflation hedge Diversification …and many more The trade I am looking at and hence the charts here are on the popular gold etf; GLD It’s no secret and the […]
Dollar Correlation With Stocks
it's almost uncanny, check out this inverse correlation of the dollar index bs the s&p 500 on a 10 day 60 minute chart:
Humana (HUM) Attacking 2008 Highs
Although healthcare underperformed on a relative basis yesterday, Humana (HUM) and its peer such as UnitedHealth Group (UNH) started breaking out of some nice bases technically. Humana as a company offers health insurance and is a provider of Medicare Advantage health plans for seniors. From a fundamental long-term point of view there are plenty […]
Healthcare Will Break Out In Either Direction Soon
here's a chart of the healthcare ETF; XLV. this consolidation phase can be looked at as a bullish flag. but it almost doesn't matter what it is because once it breaks in either direction the move should last for a while.