EvanMedeiros

EvanMedeiros

Carving out the longest sideways range since finding a bottom at the end of March. Sets the stage nicely for a busy earnings week.

EvanMedeiros

Gold miners have been enjoying a nice run over the past few weeks and after a short break, many look like this and are in the process of emerging yet again from sideways patterns.

EvanMedeiros

Largest down session since April 1st and finally losing some prior day lows. Market was in need of a little reset – now let's measure how aggressive sellers get in the 2700s.

EvanMedeiros

Close above here looks great for breakout continuation

EvanMedeiros

Double bottom around 130 in December trying to hold, look for confirmation

EvanMedeiros

we're at an interesting inflection point in Google right here. We've been chopping around a relatively tight range for 10 weeks now and there's two scenarios that could play out depending on which way we break. The bulls see this as a continuation pattern that we're soon to break to new all time highs. The bears are hoping for a breakdown which could imply a...

EvanMedeiros

going into todays session I'll be looking for this upper level base 45.70-46.30 to fill in and prepare for the next move

EvanMedeiros

healthy action following the recent range breakout. seen here on a 30 minute chart, YHOO continues to drift higher.

EvanMedeiros

healthy action following the recent range breakout. seen here on a 30 minute chart, YHOO continues to drift higher.

EvanMedeiros

price is still in an early stage of consolidation between 538 and 575 threatening to test immediate support level at 552 this morning. Measure the action, lets see if the bulls can defend this prior pivot.

EvanMedeiros

price is still in an early stage of consolidation between 538 and 575 threatening to test immediate support level at 552 this morning. Measure the action, lets see if the bulls can defend this prior pivot.

EvanMedeiros

$AAPL our upside level of importance has been clearly identified by the market at 492. I could make a good case that you don't need to be a hero here until we can breach and hold that level to initiate or add to an existing long. With a near 2% rally in the indices yesterday you would think apple had every excuse to leave this level in the dust but even with all...

EvanMedeiros

$AAPL looking for a higher low above 480 so bulls can continue to wedge against this 492 resistance level. So far the market does not look like it wants to cooperate so this should make the task of breaking out that much more difficult in this type of environment. Technically this name has digested very nicely since late September and another assault or two on 492...

EvanMedeiros

$NFLX needs to hold above this old trading range if it is to get any traction to the upside. 250 level become an important weekly close reference point. You don't want to see it get sucked back down below there else the 240 lows will probably come fast and it's flip a coin if it can hold there again. Breaking below 250 briefly is fine, but keep a close watch on...

EvanMedeiros

$AAPL nothing wrong here folks. Standard descending triangle within the context of an uptrend. Sure it could break either way, but Apple has done nothing wrong so far. A week of consolidation at resistance is HEALTHY until proven otherwise. You can see from the fib levels we have just barely retraced 50% of this last higher. It's not a screaming pent up momo...

EvanMedeiros

$AAPL will be very interesting to see how apple closes this week given the recent action. Lots of eyes are on this 450-460 range trying to determine if this stock is ready for a longer sustained move to 500. It's anybody's guess right now but it should make for lots of headfakes and back and fourth price action if this is to become a true inflection point. Watch...

EvanMedeiros

longs in control here. in my blog this past sunday I was real interested to see if sellers could fill anymore of the ER gap and yesterdays action added a whole new layer of protection to that gap. I don't think this is going to be the easy swing long hold, I do believe there will be alot of choppiness and headfakes along the way and because of that you will need...

EvanMedeiros

1st target high of day