11/8 Thursday
Entered Bearish @ $41.16
Another Head and Shoulders! (Check out $MS- very similar setup forming)
So you can clear see the neckline there in the line-chart. Let's flip it to the candles and see where we opened today.
Well what do ...
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After ab...
1. THE ISLAND REVERSAL
Island reversal is usually a bottoming reversal pattern especially if it forms after a steep decline. So the pattern has been formed but the bulls got to make sure it stays that way by keeping this gap open which is protecting the 270-...
Since the crash of 08 we can identify that this signal has shown up total of four times including today.
Bottom indicator is RSI and this is what we call a bullish divergence--price prints lower lows while the indicator prints higher lows as you can see highl...
Last Update: 5.14.13
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5.10.13 Friday
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[30Mins In] Entered Bullish Positions @ $191.40
Came down hard this morning but still with very low volume. But bulls are not done yet here as bulls have confirmed inverted H&S revers...
BULLISH DIVERGENCE
This bullish divergence appearing here again today on XLF, ironically, very similar to May of last year (highlighted left).
Financial Sector (XLF) has seen about 12% corrections since when it peaked at 30ish on late January of this year. I...
11/8 Thursday
Entered Bearish @ $119.06
Entered bearish this morning when it was kind of fizzling around that double top neckline. What I wanted to watch out was a sharp bullish pull back. It happens sometimes after a huge bearish run so I was making su...
BIG BREAKOUT
Well, it's been 8 months since my first entry at 20 (PART 1), Twitter (TWTR) is up +140% since my first publicly-disclosed entry. As you can see the monthly-chart on the left side, "11/2/2017," you can see that my oscillator just starting to ris...
Taking Profits
Daily Charts with 50EMA and Volume
(*Above price before the stock split)
(*Above price after the stock split)
With the ER approaching (4/23/15 after close) quickly here, we felt that this was a good level to close most ...