Long-term-short
DOW JONES OVERVIEW: NIKE IN FIRM UPTRENDNike is the best-looking stock from our Dow Jones overview so far
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of both 1-year and quarterly means.
The august selloff did not affect the picture dramatically and price has restored all its losses since then - it is trading above 1st standard deviation from 1-year mean (thus in yearly uptrend as well) and it also trades at the upper 1st standard deviation from quarterly mean, breakout above which will push NKE into quarterly uptrend as well!
DOW JONES OVERVIEW: IBM ON LONG TERM RISKIBM is on risk of 5-year downtrend after falling out from 1st standard deviation from 5-year mean.
Additionally, price has fallen out of 1st standard deviation from 1-year mean, this is on short term downward risk as well.
Thus unless price trades back above short term risk order @ 150.5 - and then back above larger downtrend risk border @ 157.5 - risk of continued downtrend on IMB persists.
DOW JONES OVERVIEW: GOLDMAN TRADES FLATGoldman Sachs trades laterally on both long term and short term basis.
On long term basis price has recently failed uptrend borders, marked by upper 1st standard deviations from 10 and 5-year means - thus entering lateral territory within the 1st standard deviations.
On short term basis price has failed to enter a downtrend on 1-year basis by holding within 1st standard deviation from 1-year mean. GS however is still on risk of fall on quarterly basis (price trading below 1st standard deviation from quarterly mean)
Thus if GS holds above 180 - which is the lower 1st standard deviation from 1-year mean, it is likely to hold its new lateral range (180-201) with the upper border marked by the upper 1st standard deviation from 10-year mean
Money-Maker Breakout Stock, MNGAMagneGas (MNGA) has recently had a large order placed to place acetylene in plants for an unnamed cement company (Argos Cement is being named as the number one suspect for the company who placed the order). This caused the stock to gain 10.1% up to .95 a share from its previous .84 a share. There was also a volume spike due to the breaking news the company issued which increased the volume up to 11,325,224 trades, while it's average volume is only 608,502 trades. A similar occurrence happened in late March of last year when the volume spiked up to almost 30,000,000 trades and in turn increased the price to 2.40 a share. The overall trend of the stock from its last price spike is bearish but with news of a new gas order and the profit margin rising almost 850% I believe we are looking at an extremely high probability of a breakout where we could see prices reach upwards of 1.05-1.15 short-term and up to 1.50-1.70 long-term. Definitely a stock that could make some serious money if trend continues.
EURUSD - where are we heading ? Keeping in mind that the ECB and Europe want a weaker EUR to increase export, chances are high that the downtrend has not come to an end yet.
I've been drawing in some Fibonacci extensions and retracements in order to try and find out what is most likely to happen to the EURUSD if it breaks below the current level, and I have identified 3 price levels where we have quite some Fib confluence. An AB=CD pattern would end up right in the middle of those ...
Of course, only the market knows where it will go, and this chart is far from an accurate prediction. I'm just curious where it will lead us in the long run.