Primary Trend
Weekly-Chart with 50SMA and MACD
As Starbucks (SBUX) trading well above weekly-50SMA as of today, it looks like buyers are back in control after a poor performance in 2014. When you are watching stocks like Starbucks, it is imperative to...
Reasoning 1
*Uptrend Support / Broken Downtrend ResistanceLooking at a longer term chart, we can able to see that as long this stock stays above this downtrend resistance level, it starts to make it's journey to the upside yet again. In this chart, there wer...
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Last Update: 6.6.13
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6.3.13 Monday
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Entered Short Positions @ $21.95
Evening Star candle reversal formations at a key resistance level
This is the level when $CHK reversed and started intermediate bearish trend f...
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Aug 2003-May 2004
Uptrend lines, making higher lows = Bullish
Aug 2004-Aug 2005
Uptrend lines, making higher lows = Bullish
Oct 2005
Established Uptrend line=Bullish
Oct 2006
Uptrend line has started with higher lows=Bullish
...
WE ARE STILL in BEARISH TREND. TREND HAS NOT BEEN BROKEN YET.
As we have been saying that the Fib. Retracement Zone was not broken. just several days ago,we traded right up to Fib. 38.2% level we tanked! That was the MAJOR pivot point to pass on befo...
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Tonight's Mid-Week Update Video
Analyzed: $S...
12.19.13 Thursday
[8:44am CST] Entered Calls @ $170.35
Last several days it has been holding up above this pivot level quiet well and I've decided to enter call positions here.
12.20.13 Friday
I thought it had nice bounce right on that pi...
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11.1.13 Friday
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S&P 500 Index Major Pivot Levels
Weekly chart
Dow Jones Industrial Averages VS Transport Average
Daily Chart
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Last Update: 6.7.13
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6.3.13 Monday
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Entered Short Positions @ $136.49
Simple methods can be used here.
Weekly bearish engulfing candle as of last Friday which could lead to Three Black Crows on weekly chart
Broken ...